House For Sale £45,000
About this home
The lovely Adlington is available with shared ownership and comes with a great open-plan kitchen and dining room, a great place for entertaining and a real heart to the home. Whilst a separate living room gives you space to relax and unwind. The two double bedrooms, family bathroom and ample storage completes this popular home.
Home specifications
Kitchen
- A modern Symphony kitchen, including:
- Indesit oven, gas hob & extractor hood
- Stainless steel splashback
Bathroom
- A stylish modern bathroom complete with:
- White bathroom-suite
- Shower screen
- Full-height Porcelanosa tiles to bath walls
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 £180,000 but, with shared ownership, you could purchase an initial 25% share for just £45,000 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 £2,250.
