Have you got £5,000* savings? Then you may be able to call this
property your new home!
New 3 bedroom houses available on a Shared ownership part buy, part
Full market prices £400,000...
Coming approx October 2022, but apply now!
More detail .
Brand new home
No onward chain
NHBC 10 year warranty or similar
Rent payable of £688 pcm approx
What is part buy, part rent?
Think of the scheme as a helping hand to get onto the property
ladder. You buy a share in the property, and rent the rest from the
This means that you have a mortgage or buy with cash for the share
that you own, and you pay rent on the value of the property you
Most properties allow you to staircase buy more of a share in the
property in the future quite easily so you could own your property
outright, depending on your financial circumstances, in the
Very few products survive 30 years virtually unchanged and remain
so hugely popular and trusted, as Shared Ownership has done.
Did you know...part buy, part rent isn‘t just for first time
buyers! Everyone is welcome to apply, as long as you don‘t own
another property and earn less than £80,000*
*please note limits may vary depending on the size of the property.
If you own another property, you are welcome to apply, as long as
your home is under offer.
How much will you have to buy?
You have to buy get a mortgage for at least the advertised share in
the property. The exact amount you buy will be based on your
monthly income, outgoings and deposit. This is decided by the panel
financial advisor. He uses a special income test to make sure you
can afford to purchase and live comfortably. The shares you do not
purchase you rent from Vivid. The fee rent for these shares are
paid monthly to Vivid.
There are eligibility conditions for our homes. Shared Ownership is
a government product that is there to help people purchase a home
of their own. It is only there for those people who cant afford to
do it on their own through the traditional mortgage route.
nb The name Shared Ownership is misleading .. The home is yours ..
We are a silent partner.
Are our computer generated pictures correct?
The CGI‘s used are not to scale and may not be exactly the same
when they‘re built. They‘re just a guide.. But the homes we build
should be very similar. Pictures of trees and green areas, fences
and paths are used to give an impression of what it could look
like. The landscape and layout may change. The home you like may
not include these and finishes and specification may change.
Internal images of the property are of a previous show home built
by Vivid Homes and are shown to give an idea of the quality of
finish to be expected.
For more information on this shared ownership property please fill
in your details on the request details button and Property Eagle or
Vivid Homes will be in contact to answer any questions that you may
We tell you all this information to make sure you know what to
expect and to make sure we comply with the Consumer Protection
Please note that the computer generated image above is for
illustrative purposes only.
*Based on someone purchasing a 25% share in this property and
securing a 5% deposit with a lender with no existing debt . You can
have debt. Who doesn‘t nowadays! But note Income debt savings and
credit history play a part on the mortgage rate you are able to
secure with a lender. Applicants will be means tested to determine
the share they can afford to purchase. This will affect the rate of
rent stated in this listing.
Please note that eligibility conditions apply and applicants will
be means tested for affordability. You may be assessed to purchase
a larger share than advertised depending on your finances.
The prices are guidance values only and are subject to change
Local applicants may have priority for these homes. Staircasing
details are still to be confirmed so could be subject to
staircasing restrictions. We need to confirm some final details
which will mean you‘ll be waiting for a few weeks to hear back from
us. Thanks for your patience.
Staircasing details are still to be confirmed so could be subject
to staircasing restrictions. We are confirming some details with
the Local Authority which could mean you waiting a few weeks to
hear from us.
The monthly service charge is £37 approx. Minimum share from 25%
and the rent is based on 2.75%
Applicants must be registered with the Help to Buy agent.
Details and price are correct at the time of publication print.
Expand full description
Hide full description
Generate a free intelligence report for this property