Looking for a home in Springwell Village? We have the answer! 22nd January 2024

Looking for a home in Springwell Village? We have the answer!

DMV Application Form
Springwell Brochure – Final 2023

Are you looking for an affordable home in the Springwell Village area but struggling to get onto the housing ladder? Why not come along Saturday 3rd February and speak to our sales team to find out more about these gorgeous homes or give us a call to book in a dedicated viewing on 0191 594 6666.

We have teamed up with Sunderland Council to bring to the market a collection of 2 and 3 bedroom affordable homes on this beautiful new development by Esh Homes. Home buyers have the flexibility of buying with Discount Market Sale or Shared Equity, you can do which ever is best for you.

With Discount Market you get an amazing 30% discount off the market price, a brilliant affordable way to gain a foot on the housing ladder, and the best bit is, you will have 100% home ownership! How amazing is that?

You also have the option of buying the home as part of our Shared Equity scheme. The home is for sale at 80% of the normal market value of the home. You will purchase the home in the normal way with your deposit and mortgage and you will be 100% owner of the title deed. Therefore there will be no third party ownership. We will provide our buyers with a 20% interest free equity loan. If you are also taking a mortgage from a bank or building society, it will sit behind your main mortgage.

Why live at Mount Park?
Nestled within the countryside is the charming and peaceful Springwell Village, which is served well by brilliant commuting and transport links. It is a short distance from both the A1 and A19 with easy access to the neighbouring towns and cities of Newcastle Upon Tyne, Gateshead and Sunderland.

You really have the best of both worlds at Mount Park as it’s conveniently settled within coast and city. Just a 10 minutes’ drive away in Newcastle, is an abundance of bars, clubs, and shopping outlets but best of all, only 20 minutes away from the coast with plenty local beaches and seafront bars and restaurants to enjoy from South Shields to Seaburn.

Within Springwell Village you will find a collection of local amenities and local pubs such as The Guidepost, The Ship and Engine Room. There are also a variety of primary and secondary schools rated as either ‘good’ or outstanding’ by Ofsted on your doorstep.

How do I qualify?
The applicant must satisfy and provide evidence for one or more of the following connection criteria:
* Must currently live in the Area and have done so for the last 12 months;
* Must be employed on a permanent basis within the Area or are to be employed on a permanent basis in the Area or have retired from employment within Sunderland the Area and wish to remain in the Area (priority will be given to key workers who fill a skills shortage in the Area);
* Must have a longstanding family connection to the Area, such as the children of residents or elderly people who need to move back to the area to care for or be cared for by relatives or other carers; or
* Is a former member of the armed forces who is returning to the Area upon discharge.

Evidence Required for the purchase:
• Valid Decision in Principle (not more than 3 months old)
• Proof of funds for deposit is required (e.g Bank statement)
• Evidence of all sourced household income and savings (P60, pay slip, bank statements plus details of any other income received).
• Statement from an Independent Financial Advisor confirming an applicant is unable to purchase the property at full market value (this should include their name, plot number, site address, discount and sale price of the property).
This must be your only home and you should not have any other financial interest in another property. You will also be unable to use this property as a Buy to Let.

For more information on this event give us a call on 0191 594 6666 and one of the team will be delighted to chat with you.

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