1/9
£182,500
ELIGIBILITY
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.
To be eligible for shared ownership you would need to meet the following criteria:
• 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £365,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £182,500 with a 50% share!
This semi detached bungalow located in the charming village of Witley. This well presented home provides bright and spacious accommodation comprising two double bedrooms, a modern bathroom, a large reception room, separate kitchen and a conservatory. There is allocated parking for two cars and a sunny aspect garden at the rear.
Witley is a village in Surrey located close to Godalming and Milford. Witley Railway Station offers good transport links, including direct trains to London Waterloo, making it a convenient location for commuters, and regular bus services to surrounding towns such as Godalming and Guildford. Witley itself offers a few independent shops, pubs and eateries. There is a local primary school and various parks and green spaces nearby.
PRICING & AFFORDABILITY
Full Market Value: £365,000
50% Share Price: £182,500 (rent £413.81 pcm)
Minimum 5% Mortgage Deposit (50% share): £9,125
Approximate Service Charges: £53.79 pcm*
Shared Ownership Lease: approx. 99 years
Council Tax Band: C
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership