Est. Mortgage £340 per month
50% Shared Ownership for 90,000. Monthly rent on remaining share is 206.25. There will be a monthly service charge to pay of 36.21. There is no ground rent to pay. Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell. Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%. If you own more than 80% and decide to sell, NCHA will buy the property back from you. Households earning less than 90,000 a year, first time buyers and previous homeowners who need help to buy are eligible to apply. A local connection applies. How to Apply If you would like to apply please contact our homeownership team on or email: Apply online at Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 50 - 75%. If your application is successful a non-refundable reservation fee of 350 is required to reserve your new home, this amount goes towards you deposit on completion. The properties are sold on a 125 year shared ownership lease. House Specification Kitchen * A selection of contemporary wall and base units * Integrated stainless steel gas hob, electric oven * Plumbing for washing machine * Extractor Hood * Vinyl Flooring Bathroom * White bathroom suite * shower over the bath * Tiled to full ceiling height in shower area * Extractor Fan * Vinyl Flooring Internal * Gas central heating combi boiler * Double glazing External * Turfed rear gardens * Off street allocated parking Disclaimer Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 1.9% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.