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PROPERTY LOCATION:

PROPERTY DETAILS:

  • Tenure: leasehold
  • Property type: Terraced
  • Council Tax Band: NA
Key features:
  • Decorated in a neutral style
  • Fitted kitchen including oven, hob and extractor
  • Carpet fitted to living spaces
  • Contemporary vinyl to kitchen and wet areas
  • Shower over bath
  • Parking
  • Turfed rear garden with shed
  • Pets welcome

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom family home. Shares start from 25%

Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £80,000 FULL MARKET VALUE £320,000

• Monthly rent example on un-owned 75% share: £550.00
• Monthly initial estimated service charges: £32.84
• Council Tax Band: TBC
• Predicted energy assessment rating: TBC

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now
• You’re forming a new household (for example, following a relationship breakdown)
• You’re an existing Shared Owner and want to move to a new home
• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.

At Spindrift Park, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Eligibility conditions apply (see yourvividhome.co.uk for more information)
Applicants will have priority on the following basis:
• Those who currently live in the Arun local authority area
• Those who work in the Arun local authority area
• Those who have family in the Arun local authority area

ADDITIONAL INFORMATION

Services:
Water – Mains
Gas – TBC
Electric – TBC
Sewage – TBC
Heating – TBC

Materials used in construction: TBC
How does broadband enter the property: TBC

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

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