Shared Ownership

Shared Ownership is a part-rent, part-buy scheme supported by the government. It helps people buy an affordable share of a brand-new home and get on the property ladder.

For more information

Contact Hayley Dickinson

sharedownership@gentoogroup.com

0191 525 5620

Monday to Thursday
8:30am to 5pm

Friday
8:30am to 12:30pm

Register your interest

Overview

Shared Ownership is an alternative to renting or buying a home on the housing market.

You buy an affordable share in a brand-new home, usually between 25% and 75% of the home’s value. Your deposit may be as low as 5% of the value of your share.

You also pay a reduced rent on the remaining share that we own.

This means your deposit is smaller and your mortgage repayments are lower, so it is easier for you to get on the property ladder.

You decide whether you want to buy more shares in the future. But the more shares you own, the less rent you will pay.

Find out more about how Shared Ownership works

For more information

Contact Hayley Dickinson

sharedownership@gentoogroup.com

0191 525 5620

Monday to Thursday
8:30am to 5pm

Friday
8:30am to 12:30pm

Register your interest


Latest development

Crosstree Park

Crosstree Park is our flagship new housing development in the Downhill area of Sunderland.
You can buy an affordable share from 25% to 75% of a high quality, brand-new two or three-bedroom home at Crosstree Park, SR5 4BU.

Upcoming developments

Eskdene Rise

Eskdene Rise is a new housing development in the Hetton area of Sunderland, postcode DH5 0EH.
Sales launch in June 2023.

Wellspring Park

Wellspring Park is a new housing development in the Town End Farm area of Sunderland.
Sales launch in February and March 2023.

Register your interest

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Declaration

By registering your interest, you confirm you want us to send you information about Shared Ownership and the developments you selected. You can decide to stop receiving this information at any time.

Shared Ownership eligibility

We will check you are eligible for the Shared Ownership home you are interested in. Our checks are to make sure you meet the criteria and can afford your home now and in the future.
Find out more about Shared Ownership eligibility

How Shared Ownership works

With Shared Ownership you own an affordable share of a brand-new home. You get a long-term leasehold and have the same rights as someone who owns their entire home.
Find out more about how Shared Ownership works

Buying a Shared Ownership home

We will give you advice and support throughout each step of the application process, from confirming you are eligible to completing the sale.
Find out more about how to buy a Shared Ownership home