Est. Mortgage £264 per month
50% Shared Ownership of a 2 bed end-terraced property for 70,000. Monthly rent on remaining share is 160.42. In addition there will be a monthly service charge, details available from your sales advisor. There is no ground rent to pay. What is Shared Ownership? 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 are living there, you decorate it, and you decide when to sell. Buying a percentage means a smaller deposit and smaller mortgage. Its a sooner first step on the ladder for lots of people. You can buy more shares of this home to own it 100%. Shared ownership homes are sold on a 125 year lease. You can increase your ownership to 100% at any time and the freehold will be transferred to you. Who Qualifies? Anyone who does not currently own or part own a property and has a household income of less than 80,000 per year can apply. How To Apply To apply for shared ownership or register your interest please visit the Help to Buy Midlands & London website and complete an application form. After submitting your application, you will receive a reference number by email. Please forward your reference number to us so that we can retrieve your form and progress your application. 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 your deposit on completion. Living / Dining 4.54m (14'11) x 3.69m (12'1) Kitchen 2.21m (7'3) x 3.19m (10'6) Bedroom 1 3.2m (10'6) x 3.51m (11'6) Bedroom 2 2.59m (8'6) x 3.34m (10'11) Specification Kitchen Integral electric oven, gas hob and stainless steel extractor hood Fitted kitchen Bathroom Shower over bath with glass shower screen Internal Gas central heating with combi boiler Open plan ground floor living Downstairs cloakroom with WC Double Glazing External Patio doors to turfed rear garden Off road 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 One Car Parking Space Available
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.