Solo Homes in conjunction with Progress Housing are delighted to bring to the market 3 x 2 bed semi-detached houses available on a shared ownership basis on the fabulous St Petersfield Development in the village of Inskip. Get on the housing ladder with a 5% deposit from as little as £2,800 based on a 40% share.
The properties briefly comprise the following, see attached floor-plans for layouts and dimensions.
- A stylish range of fitted units and extensive work surfaces
- Spotlight bar
- Integrated stainless steel oven and hob
- Chimney hood and splashback to hob
- Integrated Fridge/Freezer
- Integrated dishwasher
- Contemporary white sanitaryware and chrome fittings
- Stylish porcelanosa tiles
- Vinyl in kitchen, bathroom and cloakroom
- Close boarded fencing
- Allocated parking
- Turfed front and rear gardens
- TV and telephone points in living room and master bedroom
- Aerial cabling provided
- Smoke Detectors
- Gas fired condensing boiler
- NHBC new homes warranty
Shared Ownership - How It Works And How You Start The Application Process.
Shared Ownership allows you to buy a share in a new home, ranging from 40% to 75%, depending on what you can afford. Progress Housing will own the remaining share, and you pay a reduced rent on that share. This means that you will need a smaller deposit and mortgage than if you bought a property outright. Generally you are able to buy a bigger property than you may otherwise be able to afford.
You can buy more shares as and when you can afford them - this is called Staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all. Your monthly payments could be less than renting privately.
A service charge of £28.80pcm is payable for maintenance of any common areas and to cover buildings insurance.
As a home owner, you will be responsible for the maintenance and repairs on your home. However as it is a new build your property comes with a 10 year NHBC guarantee and many of the appliances will have a 2 year manufacturers guarantee giving you peace of mind.
You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website where the properties are listed. www.helptobuyagent1.org.uk/
Progress Housing will undertake an affordability assessment with you and can provide details of Independent Financial Advisors who can assist with obtaining a mortgage.
Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.
Price & Rent Calculator – 3 bed house prices from £167,500
40% share price £67,000 and rent of £230.31pcm
50% share price £83,750 and rent of £191.93pcm
75% share price £125,625 and rent of £95.96pcm
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