A very rare and exciting opportunity for someone to get on the housing ladder using this new Home Reach, ‘Private Shared Ownership’ scheme.
You can get on the ladder by purchasing as little as 25% of the open market value (being £344,995), or higher, with the balance being based on an agreed rental figure. Ideal for tenants who cannot quite afford to buy, but would like the security of knowing they can stay there long term. This opportunity is open to anyone, not just first time buyers, providing they do not own another property and subject to other conditions. (See details).
This newly constructed, detached family home offers: an entrance hall, cloakroom, large lounge/dining room, modern fitted kitchen with integrated appliances and study. On the first floor there are four double bedrooms, en-suite shower and a family bathroom. Outside there is off-road parking, a single garage and enclosed rear garden. The property is available immediately for viewing.
The benefits of this scheme are that the property is not subject to the usual strict Section 106 criteria, which can limit the re-sale market. The balance of rent is charged at circa 3% and subject to RPI change. Read More