More Street
- Shared ownership from 10%-75% share
- Three bedroom end of terraced home
- Open plan living
- Allocated parking space
- Enclosed rear garden
- Pv panels
- Years remaining: 0 years
- Current ground rent: Contact branch
- Ground rent review period: Contact branch
- Annual service charge: Contact branch
- Ground rent increase: Contact branch
- Share sold: 40%
- Rent payable: £0 per month
Council Tax Band: Contact branch
Tenure: Leasehold
Shared Ownership:
Information
£144,000 for 40% ShareFull Market Value: £360,000
Monthly Rent: £270
Service Charge: £23.23
In order to apply for one of these homes you must be an 'Eligible Person'.
To Be An Eligable Person
1. Be first time buyers (or owned with partner previously) and cannot afford to buy on the open market2. Must demonstrate that they can afford to sustain Shared Ownership requirements i.e. afford the mortgage and rent etc as shown below
3. Household earnings must not exceed £80,000 per year
4. Must not be able to buy on the open market
How Shared Ownership Works
You buy a share of your home and pay rent and a service charge on the remaining share. You can buy bigger shares at a later stage when you can afford to. The more of the property you own, the less rent you pay. You'll need to take out a mortgage to pay for your share of the home's purchase price, or fund this through your savings/cash. Shared ownership properties are leasehold however they do change to become freehold if you get to 100% ownership. Approval needed by Stonewater homes. Remember this scheme is not just for first time buyersStonewater
Stonewater is a social housing provider, with a mission to deliver good quality, affordable homes to people who need them most. We manage around 32,500 homes in England for over 70,000 customers, including affordable properties for general rent, shared ownership and sale, alongside specialist accommodation such as retirement and supported living schemes for older and vulnerable people, young people's foyers and women's refuges.Please Note
We will endeavour to use the photographs of the actual property but may also show pictures of the show home and/or computer generated images. The computer generated impressions of how the property may look are indicative only. External finishes or details may vary on individual plots. Floorplan images may be handed. Build completion dates TBC. Purchasers to buy their own flooring. All images have been provided by Linden Homes.Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.