Share percentage 50%, full price £320,000, £8,000 Min Deposit.
Monthly Cost: £1,339
Rent £367,
Service charge £81,
Mortgage £891*
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 Siskin Park development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 4 bedroom house on the Siskin Park development. The price advertised represents purchasing a 50% share of the home.
About the Home
A modern four bedroom home with plenty of space. On the second floor is a fully private master suite boasting a large bedroom, ensuite shower room, dressing area and handy storage space.
This whole suite is flooded with natural light from large skylight windows. To the first floor you will find two well proportioned bedrooms and a smaller single bedroom which could be used as a home office, as well as a large family bathroom
with bath and separate shower cubicle. Downstairs there is a kitchen/dining/family room with French doors leading to the garden skylight windows.
You will also find a well proportioned separate living room with a large bay window to the front of the house. Adding to the convenience of this home is a downstairs WC and very handy under stairs utility and storage room.
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.
Service charge will apply
Please ask Sales Advisor for further information.
Key Features
- 10 year NHBC warranty
- Detached garage
- French doors to rear garden
- Living room with Bay window
- En suite to bedroom 1
- Space to work from home
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 £320,000, £8,000 Min Deposit. Calculated using a representative rate of 5.03%
