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£150,000
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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.
A ground floor apartment located at the edge of Pine Ridge Golf Club. This well presented property provides accommodation comprising two double bedrooms, modern bathroom and an open plan kitchen/dining/living space. There is allocated parking, ample visitors parking and a long lease.
This property is ideally situated within a short distance of Camberley Railway Station. You’ve got a compact cluster of shops—both Sainsbury’s and Morrisons—along with a pharmacy and a handful of eateries within comfortable walking distance. Leisure amenities include the pub and golf centre, plus a recreation ground and pool. Schools and transport hubs are easily accessible, making this a well-connected, family friendly area.
PRICING & AFFORDABILITY
Full Market Value: £300,000
50% Share Price: £150,000 (rent £444.31 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,500
Approximate Service Charges: £169.57 pcm*
Lease: 119 years
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