* Leasehold
* Newbuild Shared Ownership
* Shares available from 25%
* Leasehold with 990 year lease
* Council Band: Tbc (Find out more)
* Predicted energy assessment ratings: B
* Labc newbuild warranty
* Current expected handover date from developers: From August 2023
* Pets welcome
* Eligibility conditions apply
Have you got £2, 750* savings? Then you may be able to call this property your
new home!
New 2 bedroom flat available on a Shared ownership (part buy, part rent) sale.
Prices from £220, 000. . .
Coming approx October 2023, but apply now!
More detail . . . .
Features:
• Brand - new home
• No onward chain
• NHBC 10 year warranty (or similar)
• Rent payable of £378 pcm (approx)
Specification
Howdens kitchen units, ‘Greenwich’ white gloss cupboards with white carcass,
plinths and end panels. Stainless steel curved handles. Integrated fridge
freezer
‘Quartzstone white’ worktop
Stainless steel cooker splashback
Integrated oven, hob and extractor fan
Composite sink
Apollo Plus carpet in ‘Aluminium’ to all non - wet areas
Vinyl in ‘Winterly ER104’ to all wet areas
White bathroom suite, with bath and over - bath shower with riser rail and glass
shower screen
‘Cinza’ grey tiles to walls
Chrome heated towel rail
What is part buy, part rent?
Think of the scheme as a helping hand to get onto the property ladder. You buy
a share in the property, and rent the rest from the housing association.
This means that you have a mortgage (or buy with cash) for the share that you
own, and you pay rent on the value of the property you don't.
Most properties allow you to staircase (buy more of a share) in the property
in the future quite easily - so you could own your property outright,
depending on your financial circumstances, in the future!
Very few products survive 30 years virtually unchanged and remain so hugely
popular and trusted, as Shared Ownership has done.
Did you know. . . part buy, part rent isn't just for first time buyers! Everyone
is welcome to apply, as long as you don't own another property and earn less
than £80, 000*
*please note limits may vary depending on the size of the property. If you own another property, you are welcome to apply, as long as your home is under offer.
How much will you have to buy?
You have to buy (get a mortgage for) at least the advertised share in the
property. The exact amount you buy will be based on your monthly income,
outgoings and deposit. This is decided by the panel financial advisor. He uses
a special income test to make sure you can afford to purchase and live
comfortably. The shares you do not purchase you rent from Vivid. The fee /
rent for these shares are paid monthly to Vivid.
There are eligibility conditions for our homes. Shared Ownership is a
government product that is there to help people purchase a home of their own.
It is only there for those people who cant afford to do it on their own
through the traditional mortgage route.
• nb: The name Shared Ownership is misleading . . The home is yours . . We are a
silent partner.
Are our computer generated pictures correct?
The CGI's used are not to scale and may not be exactly the same when they're
built. They're just a guide. . But the homes we build should be very similar.
Pictures of trees and green areas, fences and paths are used to give an
impression of what it could look like. The landscape and layout may change.
The home you like may not include these and finishes and specification may
change.
Internal images of the property are of a previous show home built by Vivid
Homes and are shown to give an idea of the quality of finish to be expected.
For more information on this shared ownership property please fill in your
details on the request details button and Property Eagle or Vivid Homes will
be in contact to answer any questions that you may have.
We tell you all this information to make sure you know what to expect and to
make sure we comply with the Consumer Protection Regulations 2008.
Please note that the computer generated image above is for illustrative
purposes only.
*Based on someone purchasing a 25% share in this property and securing a 5% deposit with a lender (with no existing debt). You can have debt. Who doesn't nowadays! But note Income / debt / savings and credit history play a part on the mortgage rate you are able to secure with a lender. Applicants will be means tested to determine the share they can afford to purchase. This will affect the rate of rent stated in this listing.
Please note that eligibility conditions apply and applicants will be means
tested for affordability. You may be assessed to purchase a larger share than
advertised depending on your finances.
The prices are guidance values only and are subject to change
Local applicants will take priority for these homes.
The monthly service charge is £86 approx. Minimum share from 25% and the rent
is based on 2. 75%
Details and price are correct at the time of publication/print.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

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