3 bedroom house for sale
11 Saxon Close, LN2 3RN
Share percentage 50%, full price £240,000, £6,000 Min Deposit.
Share percentage 50%, full price £240,000, £6,000 Min Deposit.
Monthly Cost: £1,007
Rent £301,
Service charge £22,
Mortgage £684*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
An immaculate three bedroom semi-detached home
Description
An immaculate three bedroom semi-detached home in the popular and highly sought after village of Welton.
The accommodation comprises of entrance hallway, modern fitted kitchen/dining room, downstairs WC and a spacious lounge with French doors leading to the rear garden.
The first floor benefits from the family bathroom and 3 bedrooms with the main bedroom benefitting from an ensuite shower room.Outside, the property has the added benefit of 2 allocated car parking spaces and an improved rear garden perfect for the purchaser to enjoy.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- 3 Bedroom Semi-Detached
- Family Bathroom & Ensuite
- Off Road Parking
- Improved Rear Garden
- Highly Sought After Village
- EPC Rating - B
- Tenure:Leasehold (999 years from 31/03/2023)
- Share Available:50% (£120,000)
- Shared Ownership Rent:£300.73 per month (subject to annual review)
- Lease Management Fee:£22.73 per month (subject to annual review)
- Service charge:£22.00 per month (subject to annual review)
- Buildings Insurance:£10.43 per month (subject to annual review)
- Council Tax:Band B, Lincolnshire CountyCouncil
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: B
Property Downloads
Key Information Document 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 50%, full price £240,000, £6,000 Min Deposit. Calculated using a representative rate of 5.26%
