This two bedroom, first floor apartment is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
Term remaining on lease: 117 years
Full Market Price: £230,000
Minimum Share: 40%
Share Value: £92,000
Monthly Rent: £288.13
Service Charge PCM (including buildings insurance): £151.86
Total Monthly Charge: £439.99
Next rental increase: April 2021
Use of communal garden area
Outdoor secure storage shed
Ability to own 100%
6 College Close
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be registered with your Help to Buy agent
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
The new homes are available to purchase through Shared Ownership.
Ask for further details.
Please be aware that your home may be repossessed if you do not keep up repayments on your mortgage, or fail to pay rent or other charges under the terms of your lease.
Type location required and then choose your buying option