House For Sale £140,000
A modern two bedroom mid terraced property offered at 50% shared ownership. Having downstairs WC, private aspect rear garden & parking.
Please call now to discuss eligabilty criteria.
Hopwood has excellent commuter access to junction 2 of the M42. The property is only 1.9 miles from the village of Barnt Green, and only 1.5 miles from the Alvechurch Junior and middle schools.
The village of Alvechurch has a varied shopping area with many amenities which include a doctor’s surgery, dentist, opticians, butchers, coffee shops, and tearooms, and a highly recommended Gastro pub.
Hopwood lies about 10 miles to the south-west of Birmingham city centre, is bounded by greenbelt offering wonderful walks that enjoy panoramic views over the surrounding countryside.
The stunning Lickey Hills are just a short distance away. Good commuter access to the M5 and M42 motorways and A38. There are train stations in Barnt Green and Alvechurch with regular services to Birmingham and Redditch.
Features
• Entrance hallway
• Lounge
• Downstairs WC
• Well appointed kitchen/diner with built in cooker and extractor and spaces for further appliances (appliances available via seperate negoatiation)
• Two double bedrooms
• Modern shower room with double walk in shower
• Low maintenance rear garden with artifical grass to one side, large wooden shed and double gates which open to provide parking at the rear of garden. The parking spaces have been incorperated into the garden.
• 50% Shared Ownership
General information
Council tax band: C
Important Information
Tenure - The property is held on a 125 year Lease from 2010 and is being sold on a 50% shared ownership which is on a part buy/part rent basis with bdht (Bromsgrove District Housing Trust). The vendors currently pay £309 per month to bdht covering rent, building insurance, management and estate services, which is reviewed annually in April.
Information for Potential Purchasers
Qualifying criteria
• You must have a household income of less than £80,000.00 per annum
• You must be a first time buyer or do not currently own a property in the UK or abroad
• You must be able to pay for the rent and service charge without claiming Housing Benefit.
• You must not be able to purchase a similar property outright.
Registering
• Register with Help to Buy Midlands Agent
• Register with Home Choice Plus
Next steps
Once you have registered successfully with Help to Buy Midlands and Home Choice Plus, your next steps to secure a shared ownership property will be to provide bdht (Bromsgrove District Housing Trust) with the following documents:
• 3 months payslips
• 3 months bank statements
• Photo id (Driving licence or passport)
• Evidence of your deposit as advised by the Financial Advisor (Bank statements, or if gifted, a letter from your donor stating that it is a gift intended as a deposit for the property)
• Mortgage Offer in Principal. Check Name, Address, that it is for Shared Ownership and that the amount does not exceed the sale price.
Once bdht has received the above documents and confirmed that all of the required criteria has been met, a letter will be sent to the vendor and the purchaser advising that the purchaser has been approved.
Bdht will need to approve your mortgage offer once you have received it. A charge will be made for this of £50.00 plus VAT which is payable by the purchaser.
A reservation letter will be sent to you and you can then instruct a solicitor to act for you. Once you have instructed your solicitor you will need to advise us of their contact details.<br /><br />
Please call now to discuss eligabilty criteria.
Hopwood has excellent commuter access to junction 2 of the M42. The property is only 1.9 miles from the village of Barnt Green, and only 1.5 miles from the Alvechurch Junior and middle schools.
The village of Alvechurch has a varied shopping area with many amenities which include a doctor’s surgery, dentist, opticians, butchers, coffee shops, and tearooms, and a highly recommended Gastro pub.
Hopwood lies about 10 miles to the south-west of Birmingham city centre, is bounded by greenbelt offering wonderful walks that enjoy panoramic views over the surrounding countryside.
The stunning Lickey Hills are just a short distance away. Good commuter access to the M5 and M42 motorways and A38. There are train stations in Barnt Green and Alvechurch with regular services to Birmingham and Redditch.
Features
• Entrance hallway
• Lounge
• Downstairs WC
• Well appointed kitchen/diner with built in cooker and extractor and spaces for further appliances (appliances available via seperate negoatiation)
• Two double bedrooms
• Modern shower room with double walk in shower
• Low maintenance rear garden with artifical grass to one side, large wooden shed and double gates which open to provide parking at the rear of garden. The parking spaces have been incorperated into the garden.
• 50% Shared Ownership
General information
Council tax band: C
Important Information
Tenure - The property is held on a 125 year Lease from 2010 and is being sold on a 50% shared ownership which is on a part buy/part rent basis with bdht (Bromsgrove District Housing Trust). The vendors currently pay £309 per month to bdht covering rent, building insurance, management and estate services, which is reviewed annually in April.
Information for Potential Purchasers
Qualifying criteria
• You must have a household income of less than £80,000.00 per annum
• You must be a first time buyer or do not currently own a property in the UK or abroad
• You must be able to pay for the rent and service charge without claiming Housing Benefit.
• You must not be able to purchase a similar property outright.
Registering
• Register with Help to Buy Midlands Agent
• Register with Home Choice Plus
Next steps
Once you have registered successfully with Help to Buy Midlands and Home Choice Plus, your next steps to secure a shared ownership property will be to provide bdht (Bromsgrove District Housing Trust) with the following documents:
• 3 months payslips
• 3 months bank statements
• Photo id (Driving licence or passport)
• Evidence of your deposit as advised by the Financial Advisor (Bank statements, or if gifted, a letter from your donor stating that it is a gift intended as a deposit for the property)
• Mortgage Offer in Principal. Check Name, Address, that it is for Shared Ownership and that the amount does not exceed the sale price.
Once bdht has received the above documents and confirmed that all of the required criteria has been met, a letter will be sent to the vendor and the purchaser advising that the purchaser has been approved.
Bdht will need to approve your mortgage offer once you have received it. A charge will be made for this of £50.00 plus VAT which is payable by the purchaser.
A reservation letter will be sent to you and you can then instruct a solicitor to act for you. Once you have instructed your solicitor you will need to advise us of their contact details.<br /><br />
