SHARED OWNERSHIP PURCHASE – 45% – 75% SHARE
Shared Ownership allows purchasers to buy a share of a property, usually between 45% 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. 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 Homes.
Plot 79 is a 3 bedroom semi-detached property with open plan kitchen/diner and separate lounge. There are 3 first floor bedrooms with ensuite to master and separate family bathroom. The property benefits from two parking spaces. Plot 79 is represented at a 60% share with buyers expected to pay the maximum share in line with individual affordability.
Please note that in order to be eligible for these plots, buyer’s will be required to have a local connection to Navenby or surrounding villages, Please contact The New Homes Agent for further details on eligibility.