House For Sale £100,000
Summary
Final Phase of Two Bedroom Homes Now Released at Falkland Place. Shares available to purchase from 40% with a minimum deposit required of £5000*. Call our Shared Ownership specialist team today to discuss this rare opportunity situated in a private and tranquil development.
Description
Welcome to Falkland Place
A stunning collection of brand new 2 & 3 bedroom homes available with Shared Ownership in Temple Herdewyke, a picturesque village within the heart of Warwickshire.
Beautifully landscaped gardens and plenty of green space are at the heart of the development helping to make Falkland Place a perfect spot to put down roots of your own.
Full of character and charm, the homes are modern and clean waiting for you to add your own personal touch and design flair. Finished to a high specification, every home has space for a home office helping you strike the perfect work life balance.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
Plots Available
plot 89 & 90
Two bedroom semi-detached homes,
Prices starting from £250,000 with 40% shares from £100,000. Rent pcm based on a 40% share is £344 with a minimum deposit needed of £5000*.
Plot 91 & 92
Three bedroom semi-detached homes.
Prices starting from £295,000 with 40% shares from £118,000. Rent pcm based on a 40% share is £406 with a minimum deposit needed of £5900*.
How Does Shared Ownership Work
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% of the homes full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
Is It Cheaper Than Renting?
Shared Ownership can be cheaper than renting privately as the mortgage cost and low rent usually add up to less than the equivalent rental payments to a landlord.
What If I Already Have A Home?
If you already own a property you would need to have confirmed the sale of your home when you apply to buy via Shared Ownership.
Your application would be assessed based on your housing need for you to be considered for Shared Ownership.
Will I Need A Deposit?
Yes you still need a deposit, but only on the percentage of the property you are buying. Mortgage deposits can often be from 5% of the share value.
What Is The Eligibility?
If you earn or have a household income up to a maximum of £80,000 (or £90,000 in London) per annum, you could be eligible. You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don’t exceed the maximum earnings bracket.
What Share Is Availableto Me?
You can purchase any share from 40% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Final Phase of Two Bedroom Homes Now Released at Falkland Place. Shares available to purchase from 40% with a minimum deposit required of £5000*. Call our Shared Ownership specialist team today to discuss this rare opportunity situated in a private and tranquil development.
Description
Welcome to Falkland Place
A stunning collection of brand new 2 & 3 bedroom homes available with Shared Ownership in Temple Herdewyke, a picturesque village within the heart of Warwickshire.
Beautifully landscaped gardens and plenty of green space are at the heart of the development helping to make Falkland Place a perfect spot to put down roots of your own.
Full of character and charm, the homes are modern and clean waiting for you to add your own personal touch and design flair. Finished to a high specification, every home has space for a home office helping you strike the perfect work life balance.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
Plots Available
plot 89 & 90
Two bedroom semi-detached homes,
Prices starting from £250,000 with 40% shares from £100,000. Rent pcm based on a 40% share is £344 with a minimum deposit needed of £5000*.
Plot 91 & 92
Three bedroom semi-detached homes.
Prices starting from £295,000 with 40% shares from £118,000. Rent pcm based on a 40% share is £406 with a minimum deposit needed of £5900*.
How Does Shared Ownership Work
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% of the homes full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
Is It Cheaper Than Renting?
Shared Ownership can be cheaper than renting privately as the mortgage cost and low rent usually add up to less than the equivalent rental payments to a landlord.
What If I Already Have A Home?
If you already own a property you would need to have confirmed the sale of your home when you apply to buy via Shared Ownership.
Your application would be assessed based on your housing need for you to be considered for Shared Ownership.
Will I Need A Deposit?
Yes you still need a deposit, but only on the percentage of the property you are buying. Mortgage deposits can often be from 5% of the share value.
What Is The Eligibility?
If you earn or have a household income up to a maximum of £80,000 (or £90,000 in London) per annum, you could be eligible. You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don’t exceed the maximum earnings bracket.
What Share Is Availableto Me?
You can purchase any share from 40% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
