Share Price £93,750 (from 75% Min. Share)

Full Value £125,000 | £4,688 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Kettering - Northamptonshire

place Mobbs House, Queen Street, NN16 0DW

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Cosy two-bed apartment in the of Kettering - Come take a look!


Eligibility

Minimum household income requirement: £25,048^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy Midlands and London https://www.helptobuyagent2.org.uk/apply-online You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.


Description

***Please quote MOB673 when enquiring.***

- Introduction -

Looking for a place to call your own? Why not start your home ownership journey here with this perfectly placed two-bed apartment in Kettering? With plenty of storage, great facilities, easy access to transport and local amenities, you’ll have all you need. Can you afford to miss out?

- What the owner says -

“The apartment is located centrally allowing you to get to shops and the railways station easily. The facilities are modern and there is a lot of convenience.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed second-floor apartment.

Entrance hallway with telephone entry system for security and peace of mind.

Open plan living room/kitchen with wooden flooring and window overlooking the estate.

Kitchen has built-in units, gas hob and electric oven and stainless steel extractor.

Master and second bedrooms with windows to the front and rear aspect respectively.

Bathroom has bath with overhead shower, shower screen, wash hand basin and WC.

Wooden flooring is laid to the kitchen/living room and second bedroom. Carpet is fitted to the main bedroom. Tile is laid to the bathroom.

Gas central heating.

Allocated parking bay.

- Costs –

PRICE - £93,750*

RENT - £106.05pm

SERVICE CHARGE - £114.24pm**

*This represents a 75% share of the full open market value of £125,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 99 years from 1 November 2007

Years remaining on lease: approx. 86

Approximate internal area: 67 sq. m.

Local authority: Kettering Borough Council

Council tax band: B

EPC rating: C (80)

Ground rent: £75.00pa

- Terms, conditions and requirements -

Minimum household income requirement: £25,048^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy Midlands and London https://www.helptobuyagent2.org.uk/apply-online You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£93,750 for a 75% share*
  • 75% share available under the shared ownership scheme
  • You can purchase more shares up to 100% when the time is right for you
  • Viewing is highly recommended
  • Excellent starter home
  • Allocated parking
  • Walking distance to public transport and Kettering Train Station
  • Easy access to the A14 and A43

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Calculate Monthly Cost

Share price
£ 93,750
Min. £93,750
Share percentage
Min. 75%
Your deposit
Min. £4,688
Monthly cost*
£687
Cost breakdown
£106
Rent
£114
Service charge
£467
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.