Applicants mut be qualified by our recommend Financial Advisor and not be able to afford the property at open market value. Applicants must not have a household income exceeding £80,000 annually.Applicants should not own any other home to qualify for this scheme.Any mortgage offer in principal and savings should not exceed the open market value. Prove you have a local connection from any of the below options:Residence – you need to have lived in the area for at least 6 months.Previous residence – you need to have lived in the area 3 out of the last 5 years.Work – you need to have worked in the area at least 6 months (not in a temporary or casual role).Giving/Receiving care – you need to identify that there is a long term need to live in the area – to give or receive care from grandparent, parent, sibling or child.Any subsequent sales will need to be also sold at 70% discount market value to another qualifying person. North Warwickshire Council must be notified of any intention to sell.----------------------------------------------------------------------------------------------------
Purchasers can’t rent the home once completed they must live in it. The Sutton Special offers contemporary living, ideal for your first home.
The Sutton Special boasts a well-proportioned lounge to the front of the property, which gives access to the downstairs cloakroom and the kitchen / dining room which spans the rear of the property, with French doors opening out to the rear garden.
On the first floor you will find 2 generous double bedrooms and a modern fitted bathroom.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% 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.
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