Part Buy / Part Rent | Mulgrave Properties
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Part Buy / Part Rent

Ever dreamt of owning a brand new 2 or 3 bedroom North Yorkshire home, but never thought you could afford one?

Think again. The key to shared ownership could be yours at our highly sought after development in Tockwith.

We have teamed up with Home Reach to ubring you a part buy / part rent scheme for purchasing your dream property. So long as you live in Tockwith or the surrounding villages, are able to raise a 5 per cent deposit on the share value and meet a few other conditions... you're almost there.

With Home Reach you purchase a proportion of your chosen newly built property and a pay monthly rent on the part you don’t buy. Your budget will also decide the size of the share you aquire, rather than the size of your home. 

You are able to purchase your share in either cash savings or by taking out a mortgage and if you do opt to finance your share, you will need to rough out a minimum 5% deposit.

The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

On the share you do not purchase, you will pay rent of 2.75% of the unsold value. Meaning you're be able to live in your home as if you’ve bought it outright. 

Starting shares vary and you can purchase more shares in the future until you own the whole property (and stop paying rent altogether).

Call 0333 370 2507 to speak with a Sales Advisor and discuss our avaibility and price points.

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