Share percentage 25%, full price £280,000, £3,500 Min Deposit.
Monthly Cost: £932
Rent £481,
Service charge £52,
Mortgage £399*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You can apply to buy the home if both of the following apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
You must have a good credit record. Your application will involve an assessment of your finances.
Summary
Introducing the Amberly – a stunning three bedroom home at The Foundry, Bridgwater.
Description
The contemporary kitchen/dining area is ideal for family dinners or entertaining with ample counter space and a spacious dining area. Downstairs you will also find a living room complete with French door overlooking the turfed rear garden. Additionally, a downstairs WC and understairs cupboard allow for modern convivence. Upstairs you will find three spacious double bedrooms all benefiting from the well-appointed family bathroom.
You can be confident that all Places for People homes at The Foundry have been built to a high-quality specification and premium finish. The Amberly benefits from Moores kitchen units, Electrolux appliances and beautiful finishes throughout.For more information, please see the full list of specifications.
The Amberly is available to buy through the Shared Ownership scheme. Before committing to buy a Shared Ownership property, we recommend you take independent legal and financial advice.
Images, floorplans and CGIs are indicative only.
Key Features
- Semi-detached home
- Modern appliances
- First-time buyers
- Off-road parking
- Downstairs WC
- Plenty of storage
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure 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 25%, full price £280,000, £3,500 Min Deposit. Calculated using a representative rate of 5.26%
.pdf "Floor Plan")