House For Sale £48,750
*** shared ownership *** advertised price is at 25%, 50% & 75% options available *** three bed semi-detached with en-suite ** Stephenson Browne in partnership with Hilbre/Heylo Housing take great delight in bringing to the market plot 7 at The Clovers, part of this unique cul de sac development of new three bedroom homes now finished, located in a sought after residential area in Crewe. *Photos are for illustration purposes, all plots available to view.
What Is Shared Ownership?
Shared ownership means buying a share of your home and ‘renting’ the remaining. It’s ideal if you can’t afford to purchase 100% of a property up-front. You simply buy a share and then pay an affordable rent on the rest. You can then buy more shares until you own 100% of the home.
Why Buy A Shared Ownership Home?
Shared Ownership is an excellent opportunity to own the home you want right now, it’s perfect for first time buyers and people whose circumstances have changed as you can secure a mortgage with a lower deposit payment and then buy additional shares in your home at any point in the future up to 100% so you own your home outright.
Who Is Eligible For Shared Ownership?
You can buy a shared ownership home if you:
•Are over 18 years old
•Have an annual household income below £80,000
•Don’t already own a home (unless you’ve split from a partner you owned a home with or an older person looking to downsize)
•Are a British or EU/eea citizen
•Don’t own another property either in the UK or overseas (unless a court order is in place which prevents you from selling the property)
Please don’t hesitate to get in touch though if you are unsure about your eligibility, we’ll do all we can to help you get your desired home.
Who Is Heylo?
Launched in September 2014, Heylo has created one of the largest home ownership programmes in the UK, offering a number of different routes to ensure owning your own home is accessible. Heylo works in partnership with housebuilders across the country, offering Home Reach, a part buy-part rent option on new build properties. There’s no catch, it’s not magic, Heylo is simply about helping people get on, climb up and stay on the property ladder.
What Is Home Reach?
It’s about making home ownership accessible. With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. With the Home Reach scheme, you can initially purchase up to 75% of your chosen home and Heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you’ve bought it outright. You can buy more of your home in the future and stop paying rent on that part.
Reservation
Once you haveve chosen the perfect home for you, the team will guide you through the reservation process and NHBC reservation agreement which includes a number of conditions.
In order to secure your reservation, you’ll need to pay a fee of £500, please note this is deductible from the total property price and means, subject to contract, the home is yours at the agreed price.
Should you cancel your reservation, then Hilbre Homes will retain your reservation fee.
Help To Buy Also Available*
Whether you're a frst-time buyer, or looking to purchase your next home, Help to Buy is here to help hard working people like you to buy your own home. The government has created a number of these Help to Buy schemes such as Equity Loan, isa and Shared Ownership in order to provide you with a number of options, making the buying process more affordable. *Speak to the branch on the different purchase options available.
What Is Shared Ownership?
Shared ownership means buying a share of your home and ‘renting’ the remaining. It’s ideal if you can’t afford to purchase 100% of a property up-front. You simply buy a share and then pay an affordable rent on the rest. You can then buy more shares until you own 100% of the home.
Why Buy A Shared Ownership Home?
Shared Ownership is an excellent opportunity to own the home you want right now, it’s perfect for first time buyers and people whose circumstances have changed as you can secure a mortgage with a lower deposit payment and then buy additional shares in your home at any point in the future up to 100% so you own your home outright.
Who Is Eligible For Shared Ownership?
You can buy a shared ownership home if you:
•Are over 18 years old
•Have an annual household income below £80,000
•Don’t already own a home (unless you’ve split from a partner you owned a home with or an older person looking to downsize)
•Are a British or EU/eea citizen
•Don’t own another property either in the UK or overseas (unless a court order is in place which prevents you from selling the property)
Please don’t hesitate to get in touch though if you are unsure about your eligibility, we’ll do all we can to help you get your desired home.
Who Is Heylo?
Launched in September 2014, Heylo has created one of the largest home ownership programmes in the UK, offering a number of different routes to ensure owning your own home is accessible. Heylo works in partnership with housebuilders across the country, offering Home Reach, a part buy-part rent option on new build properties. There’s no catch, it’s not magic, Heylo is simply about helping people get on, climb up and stay on the property ladder.
What Is Home Reach?
It’s about making home ownership accessible. With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. With the Home Reach scheme, you can initially purchase up to 75% of your chosen home and Heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you’ve bought it outright. You can buy more of your home in the future and stop paying rent on that part.
Reservation
Once you haveve chosen the perfect home for you, the team will guide you through the reservation process and NHBC reservation agreement which includes a number of conditions.
In order to secure your reservation, you’ll need to pay a fee of £500, please note this is deductible from the total property price and means, subject to contract, the home is yours at the agreed price.
Should you cancel your reservation, then Hilbre Homes will retain your reservation fee.
Help To Buy Also Available*
Whether you're a frst-time buyer, or looking to purchase your next home, Help to Buy is here to help hard working people like you to buy your own home. The government has created a number of these Help to Buy schemes such as Equity Loan, isa and Shared Ownership in order to provide you with a number of options, making the buying process more affordable. *Speak to the branch on the different purchase options available.
