Northstowe, Cambridgeshire

Sitting just to the North of Cambridge amongst neighbouring villages is Northstowe, a new town which when completed in around 2024, will be the largest new settlement in the UK in 50 years.

Comprising almost 10,000 new homes, Northstowe will be home to more than 24,000 people who will be able to enjoy all the new amenities and infrastructure which the town will have to offer including cycleways, a guided busway, green spaces, shops and schools as well as a number of community recreation facilities in line with NHS England’s Healthy New Town principles.

Northstowe is ideally placed with easy access to the A14 and M11 to allow for travel into Cambridge and further afield.

2 & 3-bedroom houses and apartments available for shared ownership purchase from £57,500 (25% share).

0330 0535 131

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How does shared ownership work?

If outright purchase is not an option for you at the moment, shared ownership offers an alternative to renting. You can buy an initial share in a new home that you can afford, helping you into home ownership in manageable stages.

bpha will offer an initial share of between 25%-75% of the property. You pay a subsidised rent on the remaining share that bpha still owns. The combined monthly cost of mortgage and rent payments can often be less than if you were purchasing the property outright.

In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home, this is known as staircasing.

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Shared ownership offers an affordable alternative to renting.

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You can buy an initial share of a new home; then purchase more once you can afford to.

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You can usually buy shares of between 25-75% to begin with.

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You pay a subsidised rent on the remaining unpurchased share.

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In the future you can buy the remaining shares, or sell your home altogether.

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