Shared ownership Three bedroom detached house available to purchase from a 25%
share at £77, 500 with a deposit of £3, 875. Maximum amount available to
purchase initially is 75%. Full market value £310, 000. A great opportunity to
get onto the property ladder and live in this contemporary spacious Three
bedroom house.
Set on the outskirts of Norwich, close to the River Yare, just at the point
where the streets give way to the open fields and big skies of the Norfolk
countryside, the new community of homes at Broadland Fields offers the perfect
place to put down roots in a home of your own.
The homes at Broadland Fields are perfectly placed to benefit from a range of
nearby amenities, including pubs, restaurants and sports clubs, as well as an
excellent choice of schools within easy travelling distance. Locally there’s a
brand new Lidl nearby for all your essential shopping and Norwich town centre
is less than 15 minute drive away. Whether you’re heading into Norwich for a
big night out, or cruising gently in a boat along the Norfolk Broads, this is
a location that offers the best of town and country.
Legal & General Affordable Homes is offering a unique opportunity to live at
Broadland Fields through Shared Ownership. Thanks to this scheme, you can get
on the property ladder with a lower deposit than is required to buy outright
or with other buying schemes.
Financial Breakdown
Full market value: £310, 000
25% share value: £77, 750
5% deposit: £3, 875
Rent charged on unowned share : 2. 75%
Rent on unowned share (75%) : £532. 82 per month
What is Shared Ownership?
If you can't afford the mortgage or deposit on 100% of a home, Shared
Ownership offers you the chance to buy a share of your home (between 25% and
75%) and pay rent on the remaining share. Later on, you could buy bigger
shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than
purchasing outright or renting, making it a fantastic option to get onto the
housing ladder.
About Legal and General Affordable Homes
Legal & General Affordable Homes are a Registered Provider offering these
apartments for sale on a Shared Ownership basis. We are creating communities
to live, grow and flourish and are committed to removing the stress and
anxiety associated with moving house, whilst delivering customer satisfaction
and quality new homes.
Note: Photos may be representative of a similar property but not be the one
which the buyer may be purchasing.

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