Available now

We have a selection of 10 two and three bedroom new build properties available to purchase with the help of shared ownership.

Description

50% shared ownership of a three-bedroom semi-detached house for £112,500. Monthly rent on remaining share is £257.81. In addition, there will be a monthly service charge of £17.25.

Kitchen

• Fitted contemporary kitchen
• Integrated oven and hob
• Stainless steel extractor hood
• Contemporary mixer taps over 1½ bowl sink
• Vinyl flooring

Bathroom

• White bath suite
• Shower over bath
• Glass shower screen
• Tiled to full ceiling around bath
• Vinyl flooring

Heating

• Double glazed windows
• Gas fired central heating
• Thermostatic radiator valves

External

• Enclosed rear garden
• Off-street allocated parking

Decoration

• White emulsion walls and ceilings
• White gloss painted woodwork

Council tax banding - C

Energy rating - B

What is shared ownership?

Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it - but you're living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It's a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

The properties are sold on a 990 year shared ownership lease.

Who qualifies?

Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.

How to apply

You will need to provide a completed application form, financial assessment, Mortgage in Principal and proof of funds for your application to be complete and accepted. Please email completed application forms to nchasales@ncha.org.uk.

A member of the Sales team will contact you directly once your application has been reviewed.

Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 25 - 75%. If your application is successful a non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards your deposit on completion.

Disclaimer

Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.