1/4
£68,750
You must be eligible for the shared ownership scheme
Can demonstrate you meet the minimum income requirements
Can demonstrate a deposit sufficient to obtain a mortgage for the property
Have a local connection to the area
This property is an ideal opportunity for a first time buyer to get onto the property ladder with Hastoe.
It is being sold under a shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
Costs:
Plot 16 - 2 bedroom house
Full market price: £275,000
Minimum share: 25%
Share value: £68,750
Monthly rent: £472.66
Estimated service charge PCM (including buildings insurance): £50.00
Total: monthly charge: £522.66
EPC: B81
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own.
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.