Shared Ownership

This superb modern home is available to buy from as little as £114,750 with a 45% share!

This rarely available three bedroom semi detached family home situated within the well-connected town of Corby. This home occupies a large corner plot position within a sought after residential development and provides bright and spacious accommodation – entrance hall, utility space, downstairs WC, open plan kitchen/dining room, living room, three bedrooms, ensuite and family bathroom. Further benefits include a garage alongside with storage above, driveway parking and a large corner plot garden.

The town is well-connected, with smooth bus services and dedicated train routes to London. Corby shines as a place where quality life is within easy reach. It regards education highly, too, providing highly-rated primary and secondary schools for the community.


PRICING & AFFORDABILITY

Full Market Value: £255,000

45% Share Price: £114,750 (rent £380.66 pcm)
Minimum 5% Mortgage Deposit (45% share): £5,737.50
Approximate Service Charges: £26.30pcm*
Shared Ownership Lease: approx. 122 years
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 £255,000 and a purchaser would not need to meet the eligibility criteria listed above.