Shared Ownership

This superb modern home is available to buy from as little as £170,000 with a 50% share!

An immaculately presented three bedroom home within easy reach of Dunstable. This bright and spacious home provides a modern kitchen, downstairs WC and a large living/dining room on the ground floor and three bedrooms and a family bathroom on the first floor. To the front there is a driveway which provides off road parking for two cars and at the rear is a private garden.

Houghton Regis is located just outside of the market town of Dunstable in Befordshire (3 miles away). Houghton Regis is well quipped with local amenities and allows easy access to the motorway network. Leagrave Railway Station also provides good links to London and other major cities.


PRICING & AFFORDABILITY

Full Market Value: £340,000

50% Share Price: £170,000 (rent £491.52 pcm)
Minimum 5% Mortgage Deposit (% share): £8,500
Approximate Service Charges: £51.65 pcm*
Shared Ownership Lease: approx. 92 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 £340,000 and a purchaser would not need to meet the eligibility criteria listed above.
Service Charge: 619.8.