Monthly rent on remaining share is £343.75. There will be a monthly service charge to pay of £15.40. There is no ground rent to pay.
Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.If you own more than 80% and decide to sell, ncha will buy the property back from you.
Households earning less than £80,000 a year, first time buyers and previous homeowners who need help to buy are eligible to apply
If you would like to apply, please complete an application form for Shared Ownership through Help to Buy Midlands and London. You can do this by visiting their website and selecting 'Apply'.
Your affordability will be assessed based on the information you provide on the application form. Ncha will make an offer based on the amount you can afford, between 25 - 75%. If your application is successful a non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards you deposit on completion.
The properties are sold on a 125 year shared ownership lease.
House Specification Kitchen * A selection of contemporary wall and base units * Integrated stainless steel gas hob, electric oven * Plumbing for washing machine * Extractor Hood * Vinyl Flooring
Bathroom * White bathroom suite * shower over the bath * Tiled to full ceiling height in shower area * Extractor Fan * Vinyl Flooring
Internal * Gas central heating combi boiler * Double glazing * Downstairs cloakroom with w/c and wash-hand basin
External * Enclosed turfed rear gardens to houses * Off street allocated parking Disclaimer Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.
Property descriptions and related information displayed on this page are marketing materials provided by NCHA Sales. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact NCHA Sales for full details and further information.