1 bedroom apartment for sale
Falcon House, GU51 3GL
Share percentage 30%, full price £250,000, £3,750 Min Deposit.
Share percentage 30%, full price £250,000, £3,750 Min Deposit.
Monthly Cost: £892
Rent £344,
Service charge £121,
Mortgage £427*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Hartland Village you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• You must have a local area connection and live and/or work within the Hart District Council area
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary
Brand new Shared Ownership
Description
Hartland Village has great travel connections to the area’s historic towns and cities, not to mention central London. Yet you’re living in a village with a green, a lake, a park, local shops, and community events ranging from carol singing to outdoor cinema.
Hartland Village will be an amazing place to live, boasting the communal indoor and outdoor spaces, and combination of homes and amenities, that make a village a thriving community. Settle here and you’ll be living among the idyllic Hampshire countryside, beginning with the sprawling 70-acre park right next door. This mature woodland is interspersed with glorious picnic spots and laced with more than six miles of trails to explore – on foot or by bike.
This beautiful brand new apartment features an open plan lounge/kitchen/diner, a double bedroom, bathroom and allocated parking.
Key Features
Brand new Shared Ownership home
Stunning modern development
Open plan lounge/kitchen/diner
Spacious accommodation
Allocated parking
Easy access to Fleet train station and M3 motorway
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £250,000, £3,750 Min Deposit. Calculated using a representative rate of 5.26%
