Boultham Park Road, Lincoln
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Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate and for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers are advised to recheck the measurements.
About The Development
This development is located on Boultham Park Road and has an availability of 19 two or three bedroom homes. Ellison Place is ideally located just a stone’s throw away from the city of Lincoln with fantastic amenities close by including a supermarket and retail parks which are just a short walk away. The historic Boultham Park, which boasts 50 acres of gardens is also just around the corner. Making Ellison Place an desirable place to call home.
Shared Ownership allows purchasers to buy a share of a property, usually between 40% and 75%, instead of buying it outright. You pay an affordable rent on the unpurchased shares. The rent you pay is subsidised to make these homes as affordable as possible. This is a great way for you to get on the property ladder if you can’t afford to buy a similar home outright. It can also take away the pressure of having to save for a high deposit or having to make large mortgage repayments.
This means you get the home you want, at an affordable price, and through a monthly repayment that’s achievable. Some purchasers are able to purchase a shared ownership home with a 10% deposit. You would need to discuss your finances with a qualified mortgage advisor to determine how much deposit you would be required to put down. All mortgages are offered on a case by case basis, and will depend on your financial situation. If you do have to pay a deposit, this will be calculated as a percentage of the share you are buying only, not the full market value.
The New Homes Agent is delighted to present this stunning range of shared ownership properties, brought to market by Longhurst Group and constructed by the well-renowned developer, Lindum Construction.