Share percentage 75%, full price £675,000, £35,438 Min Deposit.
Monthly Cost: £2,824
Mortgage £2,824*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Available in the first instance to those having a connection to Horsham District by way of currently living, working or having a immediate family member resident in the district area.
Summary
75% Shared Equity purchase with nothing to pay on the remainder nor a loan unlike other schemes
Description
Two new 3 bedroom semi detached houses constructed to a high specification by Landspeed Homes and available to purchase at prices up to 75% (£506,250) of Full Open Market Value (£675,000). The properties will be ready for occupation March 2024.
West Chiltington is an historic village and civil parish, located between Pulborough to the West and Storrington to the South in the lea of the South Downs. It is a hidden treasure, full of local attractions, charming cottages, winding lanes, friendly shops, pubs and has a 12th century church. The nearest large town is Horsham which is located approximately 12 miles to the north.
Key Features
*NO RENT to pay on the retained equity
*NO LOAN to to repay unlike other schemes
*Available at prices up to 75% of full market value
*Integral kitchen appliances
*Ensuite to Master Bedroom
*Ground Floor WC
*Single Garage
*Central Heating / Double Glazing
Particulars
Tenure: Freehold
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureMap
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 75%, full price £675,000, £35,438 Min Deposit. Calculated using a representative rate of 5.26%
