Property Details

Plot 48 INGS The Millward

£36,250 for 25%
Scheme: Shared Ownership
Developer: Together Homes
Development: The Leeway Ings Hull
2 2
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or Call Together Homes on 08450770027
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About this Property

Property Features:

The Millward 2 Bedroomed semi detached property at The Leeway ~ Ings

2 Bedroomed Semi Detached family home

master bedroom en suite

downstairs Cloak/WC

Modern Dining Kitchen

Integrated Appliances included

French Doors from  rear aspect kitchen diner to garden

built in storage

private driveway/parking

private lawned rear garden

Shared Ownership ~ Affordable Housing

We now only  have 3 available of these NEWLY BUILT  2 bed properties available on a shared ownership basis

 

 

 

 

Property Overview:

We now only  have 3 available of these NEWLY BUILT  2 bed properties available on a shared ownership basis

INFORMATION 

Properties are NEWLY CONSTRUCTED and are   available now with Shared Ownership ranging from 25% to 75% share with Together Housing under the affordable housing scheme

Please note that shares are available to buy from 25% to 75% (depending on affordability). You then pay a subsidised rent on the remaining share

Once you have purchased a share you will have the option to purchase further shares up to 100%, known as 'Staircasing'.

The higher the share you own the lower your rent will be  - until you own 100%, then there is no rent to pay.

Help to Buy Shared Ownership is a fantastic way to start out on the property ladder if you can’t quite afford the mortgage on 100% of a similar home.

Put simply you part buy, part rent your home. You purchase a share, usually between 25% and 75%. You then pay a proportionate rent to us for the share you don’t own.

*Service charges or management fees will apply.

How much rent will I pay?

Rent is paid on the share of the property we own.  If you buy an initial 50% share you will pay rent on the remaining share that we own - the amount of rent depends on the value of your home and is reviewed annually in line with inflation.

Is it just for first time buyers?

Shared Ownership homes are often popular with first time buyers. However, we also recognise that circumstances can change at any time in your life so our schemes are not exclusive to first time buyers. Shared Ownership could ensure you remain on the property ladder even through difficult times such as a relationship breakdown or a change in financial circumstances. They are even available for those who cannot afford a home which fits their requirements and possibly trapped in a home which is unsuitable.

What service does Together Homes offer?

Our specialist sales team will hold your hand from the first enquiry, throughout the shared ownership process ensuring that the details are clear, precise and easy to understand. We are on hand to answer any questions whenever they arise, we guide our buyers through the shared ownership application and then support throughout the sales process. We even hand over the keys when the sale is complete. We take control of the whole process giving our buyers complete piece of mind ensuring that they are at the heart of everything we do.

 

Shared Ownership

If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

You could buy a home through Help to Buy: Shared Ownership in England if:

·         your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London

·         you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

With Help to Buy: Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold.

Only military personnel will be given priority over other groups through government funded shared ownership schemes. However, councils with their own shared ownership home-building programmes may have some priority groups, based on local housing needs.

People with disabilities

Home Ownership for People with Long-Term Disabilities (HOLD) can help you buy any home that’s for sale on a Shared Ownership basis if you have a long-term disability.

You can only apply for HOLD if the properties available through the other home ownership schemes don’t meet your needs, eg you need a ground-floor property.

Older people

You can get help from another home ownership scheme called Older People’s Shared Ownership if you’re aged 55 or over.

It works in the same way as the general Shared Ownership scheme, but you can only buy up to 75% of your home. Once you own 75% you won’t have to pay rent on the remaining share.

Applying for a Help to Buy: Shared Ownership scheme

To buy a home through a Help to Buy: Shared Ownership scheme contact the Help to Buy agent in the area you want to live.

 

The local agent for this property is www.helptobuneyh.co.uk

 

 

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