48 Old School Court, School Road, ST19 9RN

1st floor apartment for the over 55's.

Local connection critera, to apply for this property you must fit one of the below.

A. Person/s whose primary place of residence is and has been so for not less than three (3) out of the last five (5) years in the parish of Wheaton Aston, Lapley or Stretton.
B. Person/s who have their primary place of work and have done so for not less than three (3) years out of the past five (5) years in the parish of Wheaton Aston, Lapley or Stretton.
C. Person/s whose parents, siblings, or adult children have their primary place of residence in Wheaton Aston, Lapley or Stretton and have done so for not less than three (3) out of the past five (5) years.
D. Person/s who live in the parish of Wheaton Aston, Lapley or Stretton, but have done so for less than three (3) out of the last five (5) years.
E. Person/s whose parents, siblings, or adult children have had their primary place of residence in Wheaton Aston, Lapley or Stretton, but have done so for less than three (3) out of the last five (5) years.

Buying shares that are affordable.
Before you can apply to buy a shared ownership home with Severn Homes part of Homes Plus, you will need to undertake a no-obligation, initial financial assessment with a financial advisor to ascertain the maximum share you can afford and what deposit you will need.

Initial Financial Assessment- Are you eligible?
We work closely with 'The Mortgage People' (TMP) they will help you complete the initial financial assessment.
You can get a free 'Initial Assessment’ by following visitingtmpmortgages.co.uk/assessment/ or calling 0800 488 0814.
TMP are open, Monday to Friday 9am-5pm or via “Live Chat” until 8pm weekdays and between 10am-4pm on a Saturday.
TMP will email us the outcome of your initial financial assessment based on your preferred development and plot.
A member of our sales team will then contact you to confirm the outcome of the initial assessment and advise you of the next steps.

Note:
This free initial financial assessment is essential whether you're applying for a mortgage or purchasing your shares outright with cash. This will show you what share you can afford to apply for and is free. There may be a charge when you proceed to apply for a mortgage.

For more information on the “Steps to buying a shared ownership home” with us plese see https://www.severnhomes.co.uk/steps-to-buying-a-shared-ownership-home/.

First Come, First Served.
All shared ownership properties are sold on a first come, first served basis. Therefore, to avoid missing out, don't delay, apply today.
The apartment we are offering has not been funded by Homes England, so no application will be given priority and all applications will be considered on a first come, first serve basis.

Viewings may not be available straight away and until the initial financial assessment has been passed.

If there is anything else we can help with, please do not hesitate to contact our sales team Monday to Friday 8.30-5pm via Sales@SevernHomes.co.uk or call Gail on 07976 924963 (8.30-4pm Monday to Friday excluding Tuesdays)

Note:
1) Additional information is available in the Key Information Document 1 & 3. Key Information Document 2 will be issued before the reservation fee is paid.
2) A financial assessment is required for those requiring a mortgage and cash purchasers.
3) There is a maximum stair-casing restriction on this property. Meaning, you could buy shares up to 75%. More information about stair-casing can be found athttps://www.gov.uk/shared-ownership-scheme/buying-more-shares-staircasing.
4) Minimum starting share available is 25%.

More information about shared ownership can be found at https://www.gov.uk/shared-ownership-scheme-.
Remember, failure to pay your rent, service charge, or mortgage could mean your home is at risk of repossession.
Severn Homes is part of the Homes Plus Group.

You may be eligible for this property if:

You have a gross household income of no more than £80,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home, or you will have sold your current home before you purchase.
You pass the initial financial assessment with a financial advisor and complete the Homes England Calculator to show what share is available for you to purchase.
A financial assessment is required for cash buyers or for those requiring a mortgage.

For more information on how to apply please visit https://www.severnhomes.co.uk/shared-ownerships/