Sage Housing

What is Sage Ownership?

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. Buy the share you can afford now ( Between 25- 75% share) without the need for a large deposit and increase  your ownership to 100% of the home when the time is right for you.

* Minimum equity share starts from 25% scheme dependant). Minimum 5% deposit of the share value . Shared Ownership is subject to eligibility requirements.

Who is it for?

The scheme aims to help people who cannot afford to buy a home outright. Most people who take up shared ownership are working, but unable to afford to buy on the open market. 

Am I eligible?

A minimum level of income will be required, and on some developments a maximum income cap may apply, which will vary on each home. 

What does it cost me?

In order you will need a deposit of 5-10% oft he share price which could be as low as £3,000, bear in mind you will also need around £3,500 one off costs involved in buying a home - for example legal fees, a valuation, mortgage fees, Land Registry and Stamp Duty.

Once you have bought, your ongoing costs include:

- You monthly mortgage repayment

- The rent you pay to Sage

- A monthly service charge for the maintenance and upkeep of common parts

-Usual household costs such as council tax, water rates, fuel charges and contents insurance

 - Repairs and maintenance

Can I buy more shares?

You are able to buy additional shares at any time after you purchase your shared ownership home. Remember that the price of the property may have changed since you bought it, and it can go up and down.

What if I want to sell up? 

You can sell your share in the property at any time. Sage will advice you on the process and any restrictions on the sale of the property.

What is the next step? 

Choose the home you wish to purchase. once you know your affordability. Please see below the development that Sage Ownership is available on.

The Paddocks Newcastle-under-Lyme,Staffordshire, ST5 9BD

Help to Buy Smooth Move Stamp Duty Holiday Extended Keyworker Discount Move for free this winter! Are you a first-time buyer looking to buy a home? Sage Housing Shared Ownership
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  • 4 bedroom homes
  • Prices from £269,000 to £273,500

Happiness starts at home. To get you moving, we’ve got great incentives to help! 

OFFER: Up to £10,000 deposit contribution. 
Offer ends 30 April. T&Cs apply.

The Paddocks is a superb collection of 2, 3 and 4-bedroom homes that showcase distinctive exteriors and thoughtfully designed interiors. Plus, The Paddocks also blends in sympathetically with its existing surroundings, so the development has a genuine sense of place.

These thoroughly modern and stylish new homes in Newcastle-under-Lyme are built to the highest possible standard. So, whether you’re a first-time buyer looking to get on the property ladder, a growing family or someone looking to downsize, you’re sure to find a property you love at The Paddocks.

Want to learn more
about this offer?