***PART BUY / PART RENT***
*** NO STAMP DUTY***
*** AVAILABLE NOVEMBER 2020***
This brand new 3-bedroom property is built to a great specification providing the blank canvas for you to really make this home your own or alternatively providing a clean, fresh modern ready to move into home which requires low maintenance.
The property itself on the ground floor comprises of an entrance hallway leading to a spacious lounge which leads into the kitchen/diner with French door’s leading into the fully turfed rear garden.
On the first floor you will find 3 bedrooms with a family sized bathroom.
The advertised price of £96,000 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £220 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.
What is Shared Ownership?
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% – 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.
Am I eligible to buy a home with shared ownership?
The eligibility criteria for shared ownership is simple; as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Your annual household income must not exceed £80,000 and you’ll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.
To view this highly sought after property contact Auxesia Homes to arrange an appointment.