Offered through The Thirteen Group’s shared ownership scheme, buyers have the chance to purchase a 25% share of the property’s market value.
Shared ownership provides the opportunity to buy a share in a home while paying rent on the remaining portion. The scheme is aimed at those who are unable to buy a property outright.
Eligibility criteria include: - Applicants must be aged 18 or over - Be a first-time buyer, or not currently own another home - Have a household income below £80,000 per year - Be unable to afford the full deposit and mortgage payments for a suitable property
The property features a welcoming entrance hallway, ground floor W/C, and a modern high-gloss kitchen fitted with integrated cookware. To the rear, a spacious lounge opens through French doors to the garden. Upstairs are two double bedrooms, a three-piece family bathroom, and an en-suite shower room to the principal bedroom. Externally, the home offers off-street parking to the front and a lawned garden to the rear.
Note, the property can be purchased at full market value (£185,000) should a buyer prefer to do so.
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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