- Double Glazing
- Fitted Bathroom
- Fitted Kitchen
- Integrated Appliances
50% Shared Ownership
No Stamp Duty
Ready to move in June 2021
The ground floor of the carefully styled property boasts a dining area and kitchen with a generous lounge for relaxing. There is also a cloakroom off the dining area.
Upstairs there are two double bedrooms, a further single bedroom and a family bathroom.
The village of Newton With Scales has all the amenities you need within walking distance, while still retaining its rural and peaceful charm.
The advertised price of £94,000 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £215.41 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.
What is Shared Ownership?
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% - 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.
Am I eligible to buy a home with shared ownership?
The eligibility criteria for shared ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify You will have a connection to the local area (Live, Work or have a Family Connection). Your annual household income must not exceed £80,000 and you'll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.
To view this highly sought after property contact Auxesia Homes to arrange an appointment.