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£112,500
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (10 to 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
Am I eligible?
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit - which will be from 10 to 15 per cent of the cost of your share, depending on your mortgage lender.
You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including gas, electricity and water.
For more information get in touch with our sales team on 01403 226060
A spacious two-bedroom fifth floor apartment with a large reception and two large bedrooms in a quiet location. The property located in East Grinstead within walking distance of the high street and train station and other amenities such as shops and bars. Benefits include a secure door entry system, communal gardens, cycle storage and lift access. The property offers a separate kitchen and unique bathroom with white bathroom suite.
A two-bedroom fifth floor apartment is now available at Charter Place in East Grinstead. The property has been recently refurbished in 2023 with a new kitchen, bathroom as well as new carpets and in ecellent condition.
Close to the high street, there are amenities close by with shops and bars as well as local public green spaces.
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