Shared Ownership

This superb modern home is available to buy from as little as £110,000 with a 50% share!

This top floor apartment provides spectacular far reaching views and spacious, well presented accommodation. There are two good size bedrooms, a modern bathroom, kitchen and a 19ft living room with doors to a balcony. Further benefits include UPVC double glazing and gas central heating. The property will be sold with two parking permits.

This property is conveniently situated on the eastern outskirts of High Wycombe town centre and offers convenient access to the motorway network via the M40. High Wycombe town centre provides a comprehensive range of amenities including pubs, restaurants, cafes and an array of High Street shops.


PRICING & AFFORDABILITY

Full Market Value: £220,000

50% Share Price: £110,000 (rent £312.95pcm)
Minimum 5% Mortgage Deposit (50% share): £5,000
Approximate Service Charges: £130.85 pcm*
Shared Ownership Lease: approx. 174 years on completion
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.