• Tenure: leasehold
• Length of Lease: 989 years
• Council Tax Band: NA
• Annual Service Charge: £1,212.72

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom apartment. 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 £55,625 FULL MARKET VALUE £222,500

• Monthly rent example on un-owned 75% share: £382.42
• Monthly initial estimated service charges: £101.06
• 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.

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

Please note that if you’re viewing this property via the Rightmove app, you won’t be able to view the development brochure which includes key information about shared ownership, so please visit VIVID | Oakeley Vale (yourvividhome.co.uk)for full details.

Eligibility conditions apply (see yourvividhome.co.uk for more information)
Applicants will have priority on the following basis:
• Ministry of Defence personnel then first come, first served

ADDITIONAL INFORMATION

Services:
Water – Mains
Gas – Ask Agent
Electric – Ask Agent
Sewage – Mains
Heating – Ask Agent

Materials used in construction: Ask Agent
How does broadband enter the property: Ask Agent

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