Shared Ownership

This superb modern home is available to buy from as little as £145,000 with a 50% share!

A rarely available semi-detached bungalow presented in beautiful condition throughout. The well-planned accommodation provides two double bedrooms, a modern shower room and a large open plan kitchen/living space. There are doors to a good size garden at the rear and the property benefits from two allocated parking spaces.

Market Harborough, a charming market town in Leicestershire, offers a variety of amenities catering to residents and visitors alike. There are a variety of restaurants and eateries and various leisure and recreation facilities.
Market Harborough railway station offers direct services to London St Pancras, with a journey time of approximately 56 minutes, as well as connections to other major cities.

PRICING & AFFORDABILITY

Full Market Value: £290,000

50% Share Price: £145,000 (rent £446.76 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,250
Approximate Service Charges: £31.69*
Shared Ownership Lease: approx. 118 years
Council Tax Band: B

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 £290,000 and a purchaser would not need to meet the eligibility criteria listed above.

Service Charge: 685.44.