Sarah, 37, a pharmacy technician, and Jed, 35 who is setting up his own digital business, have moved into their brand new home on Moorland View in Meltham with their two sons, aged seven and nine. The family were previously living in an old RAF base in Rendlesham, near Woodbridge. Since upgrading from a two-bedroom to a three-bedroom house, the couple are actually paying less!
Sarah and Jed have a mortgage on 25% of the property and will pay rent on the remainder until they are in a position to buy more shares, with the goal of eventually owning outright.
“We were trying to save while we were renting but Jed was a student so it was tough on a single wage. Now he is self-employed so we’d struggle securing a mortgage to buy outright. On the open market it is all or nothing but with shared ownership we can buy at our own pace.
“We wanted to own our own place for the security, especially moving to a new part of the country. When you’re renting, you could be kicked out at any time and if you can’t get somewhere else in the same village, it’s a lot of upheaval for the kids.
“We’ve been coming to Yorkshire on holiday for years and the dream was always to move here when we retired. Sadly, we’ve lost a couple of friends recently and it’s made us realise that life is too short so we decided to take the plunge now.”
Together Homes is part of Together Housing Group, a leading provider of homes across the North of England. As a not for profit organisation, any money Together make from the sale of their homes is reinvested in building more homes and providing an excellent service to customers.
If you are interested in buying your own home but need help onto the property ladder, visit http://www.mytogetherhome.co.uk or call 0300 330 5533 to find out more about Shared Ownership.