Key features

    • Shared Ownership
    • 25% - 75% Share Available
    • Ready NOW
    • Terraced House
    • New home
    • two bedrooms
    • Open Plan Kitchen Dining
    • Bathroom & Ds Wc
    • Allocated Parking Space
    • Enclosed Rear Garden

    Description

    *Shared Ownership Scheme*

    *Price Marketed At Based On 25% Shared Ownership*

    BREAK DOWN OF EXAMPLES OF OTHER SHARE AMOUNTS AVAILABLE, RENT AND OTHER COSTS IN ADDITION TO YOUR MORTGAGE PAYMENT BASED ON FULL MARKET VALUE OF £262,500 :-

    25% share (£65,625) Rent £451.17 pcm
    50% share (£131,250) Rent £300.71 pcm
    75% share (£196,875) Rent £150.39 pcm

    You will pay a service charge which is tbc per year which includes buildings insurance.

    You will need a minimum 5% deposit on share taken for mortgage purposes and funds to pay for solicitor fees, moving costs & furnishings.

    Shared ownership provides an affordable way for you to become a home owner, by buying a share in a new home and paying a subsidised rent on the remaining share. You will then have opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.

    Property Description Disclaimer

    This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

    Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.