Share percentage 50%, full price £265,000, £6,625 Min Deposit.
Monthly Cost: £1,101
Rent £304,
Service charge £59,
Mortgage £738*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
Brand new 2 bedroom house on the Finches Park development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 2 bedroom house on the Finches Park development. The price advertised represents purchasing a 50% share of the home.
About the Home
The Harcourt is a beautifully bright home, with generously sized living areas and two double bedrooms.
Large windows are a feature throughout this home. This is particularly evident in the living room, which offers views into the garden through both a window and pair of French doors, creating a bright and airy space from which you can enjoy the outdoors all year round from the comfort of your sofa – great for those with pets or small children.
The ground floor also features a well-lit kitchen/dining room and the convenience of both a downstairs cloakroom and storage cupboard.
Upstairs, the property has two double bedrooms. The larger of the two has views over the garden, while the second benefits from built-in storage. With its large window, this second bedroom would provide an excellent space for home working, a generously sized nursery or a great guest bedroom.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. 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.
Local criteria may apply to satisfy Local Authority terms
Service charge will apply
Please ask Sales Advisor for further information.
Key Features
- Open plan kitchen and dining room
- Downstairs cloakroom
- Large living room with french doors
- Allocated parking
- 10 year Premier warranty
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £265,000, £6,625 Min Deposit. Calculated using a representative rate of 5.03%
