2 bedroom house for sale
79 Charters Way, , LA12 9FA
Share percentage 25%, full price £207,500, £5,188 Min Deposit.
Share percentage 25%, full price £207,500, £5,188 Min Deposit.
Monthly Cost: £625
Rent £357,
Mortgage £268*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Summary
Solo Homes, in partnership with South Lakes Housing, is pleased to offer this 2 bedroom mid terrace property at this fantastic new development by Story Homes. Available on a shared ownership...
Description
Solo Homes, in partnership withSouth Lakes Housing, is pleased to offer this 2 bedroom mid terrace property at this fantastic new development by Story Homes. Available on ashared ownershipbasis, this is a great way to make your next home purchase more affordable. Located 2 miles from the centre ofUlverston, this development benefits from the surrounding attractive scenery, while still being close to local amenities. All homes will feature a driveway or allocated parking and gardens.
- 2 bedrooms
- Private rear garden
- Driveway parking with space for 2 cars
- Kitchen with fitted cooker and cooker hood
- 3 piece family bathroom and additional cloakroom downstairs
- Flooring fitted in the kitchen, bathroom and cloakroom
- Gas central heating
Shared Ownership
Shared Ownership is an affordable home ownership scheme which allows you to "part buy part rent” by initially purchasing a share of a brand-new property for between 25% - 75% of the market value with rent payable on the remaining share. When buying a via the shared ownership scheme your home will be owned on a leasehold basis. The monthly service charge for this property is TBC.
Shares and Rent
Initial shares can be purchased between 25% and 75. As a part of the application process an affordability assessment will be carried out to determine your chose share amount, and also whether it is financially sustainable. This will take into consideration your deposit amount, income, mortgage and rent payments, and any other financial commitments that you may have e.g. loans, credit card debt etc. If your chosen initial share is deemed unaffordable, or we feel that you may be able to afford a larger share, we will discuss this with you
Eligibility
To be eligible for the shared ownership homes on this development you must comply with the following criteria:
- Your household earns £80,000 a year or less
- You are a first-time buyer, or
- You used to own a home*, but cannot afford to buy one now, or
- You are an existing shared owner*
- You have a local connection to the parish areas of Coniston, Torver, Satterthwaite, Claife, Hawkshead, Duddon, Kirkby Ireleth, Colton, Loma, Blawith, Subberthwaite, Aldingham, Pennington, Urswick, Ulverston, Egton with Newlands, Mansiggs, Osmotherley, Lower Allithwaite, Lower Holker, Haverthwaite.
More information on what qualifies as a local connection can be provided upon request.
*Sales must be agreed on currently owned property before you can purchase a shared ownership home
Key Features
- 2 Bedroom Mid Terrace
- Available on Shared Ownership
- Brand New Development
- Just 2 Miles from Ulverston
- Off Road Parking
- Call Now For More Information
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 25%, full price £207,500, £5,188 Min Deposit. Calculated using a representative rate of 4.80%