Share percentage 50%, full price £339,950, £8,499 Min Deposit.
Monthly Cost: £1,425
Rent £390,
Service charge £66,
Mortgage £969*
Calculated using a representative rate of 5.26%
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 4 bedroom house on the Bracebridge Manor development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 4 bedroom house on the Bracebridge Manor development. The price advertised represents purchasing a 50% share of the home.
About the Home
Step inside into an enticing spacious central hallway. Turn right into the living room
with feature double doors, a huge bay window washing the room in natural light, or
move on to the rear of the house past a smart downstairs cloakroom, useful storage
cupboard and staircase, into a beautifully appointed open-plan kitchen/dining/living
space, serving as the heart of the house, with double doors leading out to a private
garden.
Move up the feature staircase to the first-floor gallery landing and find four lovely
bedrooms. The master bedroom hosts its own ensuite shower room and there's also
a sparkling new family bathroom with a bathtub designed for relaxation. All rooms
are generously sized and spread around a central landing providing access to the loft
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
- Two spacious reception rooms
- Garage
- Open plan kitchen dining room
- 10 year NHBC warranty
- Galleried landing
- Service charge will apply
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 £339,950, £8,499 Min Deposit. Calculated using a representative rate of 5.26%