AVAILABLE
A spacious and attractive, two-bedroom home is now available as a Shared Ownership resale. The 35% purchase share price is £122,500. A monthly rent charge of £415.56 is applicable as well as a monthly service charge of £74.30. These charges are applicable to the current financial year 22/23 and are subject to final confirmation.
Please note MOD personel and those with a local connection will be given priority and an allocation will be priority based.
The ground floor comprises an open plan kitchen and dining area and separate living room, with French doors leading to the garden. Upstairs are two double bedrooms and a modern family bathroom.
Council Tax Band C.
£122,500
Based on a 35% share
Please note MOD personel and those with a local connection will be given priority and an allocation will be priority based.
In the first instance, applicants should be registered with Help to Buy Agent 3 and provide us with your Help to Buy reference number.
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property.
Our external affordability assessor will carry out applicant's affordability on Saxon Weald's behalf.
Register for shared ownership
You will need to apply to the Help to buy agent at www.helptobuyagent3.org.uk.
Once you have registered with the Help to Buy agent, please email the sales team on: sales@saxonweald.com and provide your Help to Buy reference number.
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including gas, electricity and water.
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