Share percentage 50%, full price £349,995, £8,750 Min Deposit.
Monthly Cost: £1,435
Rent £401,
Service charge £59,
Mortgage £975*
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 4 bedroom house on The Quarter's development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 4 bedroom house on The Quarter's development. The price advertised represents purchasing a 50% share of the home.
This home offers an expansive open-plan kitchen/dining/living area, an equally large living room, four bedrooms and two bathrooms or shower rooms on the first floor. Enter through the hallway, and you’ll find a downstairs cloakroom, staircase and store cupboard. To the left is the bright and roomy living area, with plenty of space to throw a party or unwind with the family. At the rear of the ground floor is the open-plan kitchen and dining area, the buzzing heart of the house, with glazed double doors leading out to the garden. This creates seamlessness between interior and exterior spaces, filling the house with fresh air and meaning al fresco summer dining couldn’t be easier.
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
- Rear garden
- Separate lounge
- Downstairs WC
- 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 50%, full price £349,995, £8,750 Min Deposit. Calculated using a representative rate of 5.03%
