Share Price £108,000 (from 40% Min. Share)

Full Value £270,000 | £5,400 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom house in Fulbourn - Cambridgeshire

place 41 windmill Lane, CB21 5DT

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A 40% share in this two bedroom ground floor flat is available to purchase.


Eligibility

Please see information and links for what we would need completing initially;

To qualify for the shared ownership scheme you should meet the following criteria:

• your household income is less than £80,000 a year (or less than £90,000 a year in London).

• you don’t already own a home i.e. you should generally be a first time buyer. If you do already own a home you must be in the process of selling it.

• you have no outstanding credit issues (i.e. CCJ’s, defaults). Please note that some homes may also have additional criteria.

• you are not able to afford to buy a home suitable for your housing needs on the open market.

We would need you to complete an affordability assessment, to complete the initial assessment, you can contact Metro Finance on 0114 270 1444 or Expert Financial on 01480 718719. Alternatively we are happy to refer your details to our advisors directly.

We will also need you to register with the new Help to Buy Agent (as of the 2nd January), which can be done online at www.helptobuyagent3.org.uk to confirm your eligibility for the scheme in this area. Please be aware that if you are an existing home owner, you will need their approval to buy a home at the same time as selling your existing home as you would not ordinarily qualify for the scheme. We do also require that you have a sale agreed.


Description

We are pleased to offer to the market a 40% share in this two bedroom well presented ground floor flat.

The property comprises:- Entrance hallway, kitchen/diner, living room, two bedrooms, master having en-suite shower room, and bathroom.

Externally there is an allocated parking space


Key Features

Ground Floor Flat

Kitchen/diner

Living room

Two bedrooms

Master bedroom with en-suite shower room

Allocated parking

40% available


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Calculate Monthly Cost

Share price
£ 108,000
Min. £108,000
Share percentage
Min. 40%
Your deposit
Min. £5,400
Monthly cost*
£956
Cost breakdown
£314
Rent
£104
Service charge
£538
Mortgage*
Calculated using a representative rate of 3.94%
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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.