Shared Ownership

Holland Broadbridge is pleased to market a number of Shared Ownership properties on behalf of Severn Homes, offering a low cost option to home buyers who are looking to get on the property ladder.

Shared Ownership allows eligible applicants to buy a share in a new home and pay rent on the remaining share.

For more information please click on the link below to view Severn Homes helpful guide.

https://issuu.com/severnside/docs/about_shared_ownership_final_cc76c8584e128d

View below the Shared Ownership properties for sale through Holland Broadbridge.

Plot 7, 2, Mullinex Way, Baschurch, Shrewsbury, Shropshire, SY4 2FQ

Offers around £102,250

Property Overview

Call our Shrewsbury Office on 01743 357000

Full Property Description:

Holland Broadbridge are pleased to offer For Sale an attractive and spacious brand new two bedroom semi-detached house (currently under construction) which is being offered For Sale on a shared ownership scheme. The valuation is currently £204,500, so a 50% share will be £102,250. The rental cost payable to the Housing Association would be £2811.88 per annum or £234.32 PCM (please note a higher share can be purchased) the staircasing cap is up to 80% on the property so there is the option to staircase up to 80% ownership in the future subject to being financially qualified and meeting certain requirements set by Cornovii development Ltd. Pease register on Shropshire home point website which is Shropshires choice based system for shared ownership. Viewing comes highly recommended by the selling agent.

Full property description

Property key features

NHBC 10-year warranty

Entrance hallway

Cloakroom

Lounge

Kitchen / dining room

First floor landing

Bedroom one

Bedroom two

Bathroom

Outside

Services

Mains water, electricity, drainage and gas are all understood to be available to the property. None of these services have been tested. If there is a telephone installed it will be subject to British Telecom regulations.

Council tax band

As taken from the Gov.uk website we are advised the property is in Band B - again we would recommend this is verified during pre-contract enquiries.

Tenure

We are advised that the property is Leasehold but this has not been verified and confirmation will be forthcoming from the vendor's solicitors during pre-contract enquiries.

We have been informed that the service charge figure will be £596.59 per annum - this includes £210 for the builder’s maintenance charge, £333.31 for the building insurance and £53.28 for the boiler servicing.
The rent payable is £2811.88 per annum or £234.32 PCM.

Length of lease: TBC
Service charge per annum: £596.59
Ground rent charge: TBC
Ground rent review date and price increase: TBC

Mortgage services

We offer a no obligation mortgage service through our in house Independent Financial Advisor. Telephone our Office for further details 01743 357 000 (OPTION 1 SALES).

Referral fee disclaimer

Guidance from the Consumer Protection from Unfair Trading Regulations 2008 requires the Estate Agency sector to address the issue of transparency of fees.
Holland Broadbridge refers clients to carefully selected local service companies, as we believe you may benefit from using their services. You are under no obligation to use the services of any of the recommended companies, though if you accept our recommendation the provider is expected to pay us a referral fee.

Disclaimer

Any information / measurements / plans / photos with these particulars are for guidance purposes only and have not been verified.
VACANT POSSESSION WILL BE GIVEN ON COMPLETION.

Please note this information is given for guidance only and should not be relied upon as statements or representations of fact. Any prospective purchaser must satisfy themselves of the correctness, and confirmation will be forthcoming from the vendor's solicitors during pre-contract enquiries.

Shropshire home point

*Please refer to the link below to register with Shropshire Home Point

https://www.shropshirehomepoint.co.uk/Data/ASPPages/1/30.aspx