2 bedroom house for sale
Field Close, CV35 0BE
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £1,019
Rent £281,
Service charge £56,
Mortgage £682*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Heritage Grange you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership scheme you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary
Brand new Shared Ownership
Description
Nestled in the heart of the Warwickshire countryside, Heritage Grange is situated in the brand new community of Upper Lighthorne. The development provides a beautiful range of Shared Ownership homes in a stunning location surrounded by plenty of green open space with excellent access to transport connections. Royal Leamington Spa, Coventry, Banbury and Birmingham are all close at hand, allowing you to enjoy the very best of both town and country living.
Offering excellent transport connections throughout the area with convenient access to the motorway network. The M40 is less than two miles from the development and provides routes to Oxford, Birmingham, Banbury and London among other popular destinations. Coventry can also be reached in just under 30 minutes via the A46. Around a 15 minute drive from Valiant Fields is Leamington Spa train station which serves a number of major destinations including Birmingham, London and Manchester. For those requiring international travel, Birmingham airport is just over 30 minutes away by car.
The Royal Priors Shopping Centre is Leamington’s only indoor retail centre and is located under 20-minutes away by car. With spacious indoor boulevards and a mix of designer and high street brands, this impressive mall promises a satisfying retail experience, complete with quaint cafés and a family-friendly restaurant. Stunning architecture and award-winning parks provide a sophisticated backdrop to this Regency town.
Key Features
Brand new Shared Ownership home
Lounge/diner
Separate kitchen
Parking
Garden
Easy access to the M40 motorway
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%
