Share percentage 40%, full price £395,000, £7,900 Min Deposit.
Monthly Cost: £1,395
Rent £543,
Service charge £66,
Mortgage £786*
Calculated using a representative rate of 3.92%
Calculate estimated monthly costs
Must register with Help to Buy South and Guinness Homes
Summary
4 bedroom semi detached house with 3 parking spaces
Description
Guinness Homes are delighted to release Plot 1, The Aspen, a 4-bedroom house with an open plan lounge/dining area with french doors leading to the turfed rear garden. The home will be reserved on a first-come first-served basis, so apply today!
Key Features
- 4 bedroom semi detached house
- From 40% Shared Ownership with option to buy more shares
- 3 allocated car parking spaces
- Brand new home
- Hob, oven and extractor hood included
- Modern tiled bathroom
- Patio area to garden
- Downstairs W/C
- Carpet and flooring provided
Shared Ownership is another way to buy your home. You buy a percentage and pay rent on the rest. Guinness owns part of it - but you're living there, you decorate it and decide when to sell.
Buying a percentage means a smaller deposit and a smaller mortgage. It's a sooner first step on the ladder for lots of people. In the future, you can carry on buying further shares to own it 100%.
Other information
- Full purchase price: £395,000.00
- Monthly rent on a 40% share: £543.13
- Estimated service charge: £65.84
- Minimum share: 40%
- Maximum share: 75%
- Tenure: Leasehold
- Lease term: 250 years
- Pets allowed
- Council tax band: D
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Floor Plan Brochure Energy CertificateMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 40%, full price £395,000, £7,900 Min Deposit. Calculated using a representative rate of 3.92%
The Guinness Partnership
