Property Details

Plot 38 42 Foundry Way

£36,250 for 25%
Scheme: Shared Ownership
Developer: Broadacres
Development: Leeming Gate
2 2
Make Enquiry
or Call Broadacres on 0113 8246 888


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About this Property

Property Features:

2 bed semi detached property located on The Mulberry Homes development in Leeming Bar. Available to purchase on a shared ownership basis.

Property Overview:

Two properties available.

A perfect starter home for the first time buyer, comprising of:

  • Good sized lounge.
  • Kitchen/diner.
  • WC.
  • 2 bedrooms.
  • Family bathroom.
  • Private rear garden.
  • Off street parking.

These homes are valued at £145,000 but with our shared ownership scheme, you could purchase a share of a home for as little as £36,250 (a 25% share) and pay a subsidised rent on the remaining share; making the cost of buying a new home more affordable.

When buying a new home, the mortgage deposit needed can be substantial. With shared ownership, you only need a 10% deposit of the share amount, this means it could be as little as £3,625*. The share amount you purchase is based on your own circumstances and affordability.

To qualify for shared ownership, there are few boxes you need to tick: 

  • You are not currently a home owner. 
  • You have a household income of less than £80,000. 
  • You have a sufficient deposit (a minimum of 10%) for the percentage of the home you'd like a mortgage for. 
  • You can prove you can afford the monthly mortgage repayments.

There is a rural restriction on our homes at Leeming Bar, get in touch to find out more.

For further information and an application form, please contact our friendly sales team at Broadacres. 

 

How Help to Buy works

Your Chosen Property Value
Min
20k
Max
600k
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Your Deposit
 
5%
Help to Buy Loan
 
20%
Your Mortgage
 
75%
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