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£112,000
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
This spacious and well-presented 2 bedroom ground floor apartment, located within a three-storey block, is available under a 35% shared ownership scheme. Situated in a peaceful residential area in the desirable town of Weybridge, Surrey, this property is ideal for first-time buyers or those looking to step onto the property ladder.
Key Features:
- Spacious Living: The apartment offers two generously sized bedrooms, a bright living area, and a welcoming hallway, all carpeted for comfort.
- Modern Kitchen: The kitchen is fitted with vinyl flooring and features integrated appliances, including a fridge freezer, washing machine, oven, hob, and extractor fan, making it both functional and stylish.
- Comfort & Storage: Both bedrooms come with fitted wardrobes, providing ample storage space. Additionally, there are built-in shelving units within large cupboards in the hallway for extra storage.
-Bathroom: The spacious bathroom features low-maintenance vinyl flooring, offering both convenience and a sleek, modern look. The room is bright and airy, equipped with a high-quality suite and an extractor fan for added comfort.
- Convenience & Security: The property benefits from gas central heating and is equipped with a video/audio door entry system for added security.
- Allocated Parking: An allocated parking space is provided within the underground car park. There is a lift to access the car park. Visitor and street parking is also available.
Location & Amenities:
Located in a popular residential area in Weybridge, this property offers easy access to local shops, cafes, and amenities. With great transport links, including Weybridge Railway Station nearby, residents can enjoy quick and convenient access to London and surrounding areas.
The flats are set within landscaped grounds on a site of historical significance. A gated and locked tunnel, still visible today, was once used by racing competitors to access the renowned Brooklands racetrack, now home to the popular Brooklands Museum. The area is also well-connected by an extensive network of cycle paths.
Additional Information:
- Ground floor apartment in a three-storey block
- 35% shared ownership
- Ground Rent £100.00 pa
- Allocated parking
- Gas central heating and video/audio door entry system
- Fitted wardrobes and ample storage space
- Close to local amenities and transport links
This well-maintained and conveniently located apartment offers modern living in a peaceful setting, making it an ideal choice for those looking to own a share in a property in Weybridge.
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