Share percentage 45%, full price £385,000, £8,663 Min Deposit.
Monthly Cost: £1,506
Rent £485,
Service charge £56,
Mortgage £965*
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 3 bedroom house on the Artemis View development. The price advertised represents purchasing a 45% share of the home.
Description
Brand new 3 bedroom house on the Artemis View development. The price advertised represents purchasing a 45% share of the home.
The Magnolia is a contemporary home full of great features. The impressive kitchen/dining area is a versatile space that could be used as a place to entertain. This house has a downstairs cloakroom, two upstairs bathrooms and two double bedrooms. A further single bedroom makes this a great home for accommodating your visitors or for growing families.
Key Features
- Separate living room
- Rear garden
- Allocated parking
- Storage space
- NHBC 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 45%, full price £385,000, £8,663 Min Deposit. Calculated using a representative rate of 5.03%
