Charters Way, Ulverston

Full description

Solo Homes, in partnership with South Lakes Housing, is pleased to offer this 2 bedroom mid terrace property at this fantastic new development by Story Homes.  Available on a shared ownership basis, this is a great way to make your next home purchase more affordable.  Located 2 miles from the centre of Ulverston, this  development benefits from the surrounding attractive scenery, while still being close to local  amenities.  All homes will feature a driveway or allocated parking and gardens.

-  2 bedrooms

-  Private rear garden

-  Driveway parking with space for 2 cars

-  Kitchen with fitted cooker and cooker hood

-  3 piece family bathroom and additional cloakroom downstairs

-  Flooring fitted in the kitchen, bathroom and cloakroom

-  Gas central heating 

Shared Ownership

Shared Ownership is an affordable home ownership scheme which allows you to "part buy part rent” by initially purchasing a share of a brand-new property for between 25% - 75% of the market value with rent payable on the remaining share.  When buying a via the shared ownership scheme your home will be owned on a leasehold basis.  The monthly service charge for this property is TBC.

Shares and Rent

Initial shares can be purchased between 25% and 75. As a part of the application process an affordability assessment will be carried out to determine your chose share amount, and also whether it is financially sustainable. This will take into consideration your deposit amount, income, mortgage and rent payments, and any other financial commitments that you may have e.g. loans, credit card debt etc. If your chosen initial share is deemed unaffordable, or we feel that you may be able to afford a larger share, we will discuss this with you

Eligibility

To be eligible for the shared ownership homes on this development you must comply with the following criteria:

-  Your household earns £80,000 a year or less

-  You are a first-time buyer, or

-  You used to own a home*, but cannot afford to buy one now, or

-  You are an existing shared owner*

-  You have a local connection to the parish areas of Coniston, Torver, Satterthwaite, Claife, Hawkshead, Duddon, Kirkby Ireleth, Colton, Loma, Blawith, Subberthwaite, Aldingham, Pennington, Urswick, Ulverston, Egton with Newlands, Mansiggs, Osmotherley, Lower Allithwaite, Lower Holker, Haverthwaite.

More information on what qualifies as a local connection can be provided upon request.

*Sales must be agreed on currently owned property before you can purchase a shared ownership home

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