£47,250

A collection of 6 two bedroom apartments in the sought after village of Barrow.

The full price of the apartments is £189,000. Shares are available from 25%. You will pay rent on the share that you do not own.

For example, if you were to purchase 55% your rent would be £195 per month. If you were to purchase 35%, your rent would be £281 per month. There is also a service charge which is payable monthly and this is £149.51.

You will be referred for an affordability assessment to determine what level of shares work best for you.

Pets are allowed within in the block.

If you would like more information or to arrange a viewing, please email us or give us a call to arrange!

SHARED OWNERSHIP

Stepping into your new home is one of the best and most exciting achievements in your life and Shared Ownership makes that ambition possible. You initially purchase a part share in a home through a mortgage and savings. You only need to buy as much as you can afford, usually a minimum of 25% and up to a maximum of 75%, and you pay a subsidised rent to us on the share that you don't own. The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford it. The more you own, the less rent you pay. What's more, you can get started with a smaller deposit, because its calculated on the value of the share you buy. Shared Ownership provides you with the perfect opportunity to get your feet onto the property ladder. Even though you are only purchasing a share, it will definitely feel like your home since you are free to decorate and personalise it to your own taste.
Below we've listed some of the main qualifying criteria around your eligibility:

* Your household income is £80,000 a year or less
* You cannot afford all the deposit and mortgage payments for a home that meets your needs
* You're a first-time buyer or * You used to own a home, but cannot afford to buy one now or
* You own a home and want to move but cannot afford a new home suitable for your needs or * You're forming a new household - for example, after a relationship breakdown or
* You're an existing shared owner and want to move

This house is available to be purchased through Shared Ownership and below are some sample figures and available shares. Other combinations are available to suit your needs.

Full Market Value £189,000
Service Charge of £149.51 per calendar month, this includes building insurance, management fee and sinking fund.

45% share at £85,050, Shared Ownership rent £238.22pcm
50% share at £94,500, Shared Ownership rent £216.56pcm
60% share at £113,400, Shared Ownership rent £173.25cm
70% share at £132,300, Shared Ownership rent at £129.94pcm
75% share at £141,750, Shared Ownership rent at £108.28pcm

Call/email for more information or to book a viewing.