2 bedroom apartment for sale
Robin Road, Finberry, TN25 7GU
Share percentage 90%, full price £230,000, £10,350 Min Deposit.
Share percentage 90%, full price £230,000, £10,350 Min Deposit.
Monthly Cost: £1,413
Rent £89,
Service charge £144,
Mortgage £1,180*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY
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.
To be eligible for shared ownership 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Summary
This superb modern home is available to buy from as little as £207,000 with a 90% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £207,000 with a 90% share!
A spacious ground floor apartment that comes with carport parking and presented in fantastic condition throughout. The accommodation features an open plan lounge/kitchen/dinner with double doors giving access to a private terrace, two double bedrooms (bedroom one with en suite) and a family bathroom.
Finberry is a modern village, established in 2015 on the outskirts of Ashford. The development has excellent links to the m20 motorway, Ashford International train station (direct links to London St Pancras in just 38 minutes) and it has the luxury of only being a short drive to the coast. Finberry is surrounded by green space, including fields, ponds, and woodland, which are connected by footpaths and bridleways. The development is great for those who like to go walking, with a footpath connecting through to the village of Mersham. There are also several children's play parks, and a popular Primary School and Nursery.
PRICING & AFFORDABILITY
Full Market Value: £230,000
90% Share Price: £207,000 (rent £89.06pcm)
Minimum 5% Mortgage Deposit (90% share): £10,350
Approximate Service Charges: £144.30pcm*
Shared Ownership Lease: approx. 121 years
Council Tax Band: B
Key Features
Modern Shared Ownership home
En suite
Ground floor
Car port parking
Long lease
Easy access to m20 motorway
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: B
Property Downloads
Floor PlanMap
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 90%, full price £230,000, £10,350 Min Deposit. Calculated using a representative rate of 5.26%
