Located just west of the M11 and bordering Essex, the historic market town of Bishop’s Stortford sits along the River Stort in rural Hertfordshire and lies a little over 30 miles north of central London. It’s also the nearest major town to London Stansted Airport and benefits from direct trains to London Liverpool Street, with journeys taking under 40 minutes.
Living at Stortford Fields puts everyday conveniences within easy reach. The town’s charming high street blends 16th- and 17th-century architecture with the modern Jackson Square Shopping Centre, which recently underwent a £5.5 million refurbishment. Jackson Square now offers a wide range of popular retailers and cafés. Entertainment is well catered for too, with a cinema, health club, bowling alley, and the Rhodes Arts Complex—a vibrant hub for live music, contemporary arts, and local heritage.
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.
At Stortford Fields, advertised shares start from 40% of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*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.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
