House For Sale £62,500
Plot 197, Maidstone at Church Fields, St. Michaels Avenue NE25

The separate living room is the perfect place to relax after a busy day. The open-plan kitchen and dining room comes with French doors and windows, making this a really bright and airy space. Add to this an en-suite to the main bedroom and a family bathroom, there's room for everyone!

Home specification

A modern symphony kitchen including:

• Oven
• Gas hob
• Integrated fridge freezer
• Flooring in Sorbonne 582 finish

A modern family bathroom and en-suite featuring:

• White bathroom suite

Shared Ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.

The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

Do I Qualify?

You qualify for shared ownership if you:

• Have a household income of under £80,000 (less than £90,000 in London)
• Don’t currently own your home and can’t afford to on the open market
• Can afford the minimum deposit
• Pass an affordability check to make sure you can get a mortgage

* The full market value of this home is £250,000 but, with shared ownership, you could purchase an initial 25% share for just £62,500 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £3,125.