Share percentage 40%, full price £240,000, £4,800 Min Deposit
Monthly Cost: £841
Rent £291,
Service charge £28,
Mortgage £522*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
2 Bedroom Semi Detached property
Description
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Jeremy and Peter Holdridge
Seller Contact Details :07450832752 / 07714597165 or email Peter.Holdridge@sheffield.ac.uk
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for 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 that meets your needs
Please take note of the minimum income, £31,435 which is based on the minimum deposit £4800 for this property plus £2500 for moving and legal fees. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.
Please let us know if you need any further information and good luck with your viewing.
Kind regards
Key Features
Stonewater are marketing this property on behalf of the vendor. This is a two bedroom semi detached house with private garden. There is currently a 40% share available for £96,000
Heating Type - Gas Combi Central Heating
Council Tax - B
Broadband Coverage - 1000 MBS
Private Garden
Close to local amenities
There is a section 106 for this property meaning the buyer must have a local connection, please contact us for the full requirements.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Allocated
Outside Space/Garden: Yes - Enclosed Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Gas
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: FTTC (Fiber to cabinet)
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 40%, full price £240,000, £4,800 Min Deposit. Calculated using a representative rate of 4.78%
