About Riverside home ownership
Riverside Home Ownership: Your Partner in Affordable Homeownership
Riverside Home Ownership is the specialist home ownership division of The Riverside Group, one of the UK's leading providers of affordable housing. With a mission to help people achieve their dream of homeownership, Riverside Home Ownership offers a range of affordable housing options, including Shared Ownership homes.
Shared Ownership is a government-backed scheme that allows you to buy a share (usually between 25% and 75%) of your home and pay rent on the remaining share. This means that you can get on the property ladder with a smaller deposit and lower monthly payments than if you were buying outright. You can also increase your share over time through a process called staircasing.
At Riverside Home Ownership, we understand that buying a home can be daunting, especially for first-time buyers. That's why we offer expert guidance and support throughout the entire process – from finding the right property to completing your purchase. Our team of experienced advisors will help you navigate through all aspects of Shared Ownership, including eligibility criteria, affordability assessments, legal requirements and more.
We have an extensive portfolio of high-quality Shared Ownership homes across England – from vibrant city centres to picturesque rural locations. Our properties are designed with modern living in mind and come with all the latest features and amenities to make your life comfortable and convenient.
But our commitment doesn't end once you've moved into your new home – we continue to provide ongoing support throughout your homeownership journey. We offer advice on everything from maintenance issues to financial planning so that you can enjoy worry-free living in your new home.
In addition to Shared Ownership homes, Riverside Home Ownership also offers other affordable housing options such as Rent-to-Buy and Help-to-Buy Equity Loan schemes. These schemes are designed for those who may not be ready or able to buy outright but still want an affordable way onto the property ladder.
Rent-to-Buy allows you to rent a property at a discounted rate for a set period (usually 5 years) with the option to buy it at the end of the term. This gives you time to save up for a deposit and get your finances in order before committing to homeownership.
Help-to-Buy Equity Loan is another government-backed scheme that allows you to borrow up to 20% (40% in London) of the purchase price of a new-build home, interest-free for the first five years. This means that you only need a 5% deposit and can get a mortgage on the remaining amount.
At Riverside Home Ownership, we believe that everyone deserves a place they can call home. That's why we are committed to providing affordable housing options that meet your needs and budget. With our expert guidance and support, you can achieve your dream of homeownership without breaking the bank.
So if you're looking for an affordable way onto the property ladder, look no further than Riverside Home Ownership – your partner in affordable homeownership. Contact us today to find out more about our Shared Ownership homes and other affordable housing options.