northerngroup have recognised the difficulties in obtaining mortgages at present, especially for first–time buyers, and are offering a unique shared equity option on a number of their new-build developments.

The option can be tailored to meet individual requirements but typically enables home buyers to obtain a mortgage at 75% of the property value. However, a key difference with this particular scheme is that no rent is payable on the remaining 25%. The 25% stake is simply paid back after an agreed term or when the property is sold at the current market value.

This unique scheme will significantly help those prospective purchasers who are finding it difficult to get that all-important first foot on the property ladder. By releasing the burden of high mortage re-payments, previously unaffordable properties will now be within their reach.

This option is currently available on brand new luxury 1 & 2 bedroom apartments at Greenbank Road, Gatley and Park Grove, Levenshulme.

For further information, please contact Sara Swales on 0161 605 0882 or email live@northerngroup.org.