3 bedroom house for sale
39 Harrier Way, PE6 8UN
Share percentage 55%, full price £265,000, £7,288 Min Deposit.
Share percentage 55%, full price £265,000, £7,288 Min Deposit.
Monthly Cost: £1,148
Rent £336,
Mortgage £812*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
3 Bedroom Semi-Detached House in Market Deeping now available under Shared Ownership
Description
This modern three bedroom semi-detached home, which would be ideal for a first time buyer. Briefly comprising entrance hall, downstairs cloakroom, stylish lounge with French doors to garden, and modern kitchen/diner with integrated appliances and French doors.
Upstairs, there are three good sized bedrooms, the principle with ensuite and built-in wardrobes, and a further family bathroom. There is off road parking for multiple vehicles and a spacious rear garden.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Three Bedrooms
- Ensuite to Primary Bedroom
- Off Road Parking
- Council Tax Band B
- EPC Energy Rating B
- Ideal For First Time Buyer
- Tenure: Leasehold (125 years from 18/06/2021).
- Share Available: 55%(£145,750).
- Shared Ownership Rent: £336.09 per month (subject to annual review).
- Lease Management Fee: £25.61 per month (subject to annual review).
- Buildings Insurance: £128.16 per month (subject to annual review).
- Council Tax: Band B, South Kesteven DistrictCouncil
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
Property Downloads
Key Information Document 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 55%, full price £265,000, £7,288 Min Deposit. Calculated using a representative rate of 5.03%
