Shared Ownership

This superb modern home is available to buy from as little as £84,000 with a 40% share!

This bright and spacious first floor apartment conveniently located on the edge of Bracknell Town Centre. There is a large double bedroom, bathroom, a light and airy kitchen and a spacious living/dining room with a door opening on to a private balcony. Further features include a communal roof terrace and an allocated parking space with additional visitors parking available.

This property is well situated on the skirts Bracknell Town centre and its’ many restaurants & amenities. Located just 1 mile from Bracknell train station and with easy access to the M4 & M3 and Lily Hill Park is within easy reach.

PRICING & AFFORDABILITY

Full Market Value: £210,000

40% Share Price: £84,000 (rent £318.87pcm)
Minimum 5% Mortgage Deposit (40% share): £4300
Approximate Service Charges: £192.98 pcm*
Shared Ownership Lease: approx. 88 years
Council Tax Band: B

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £210,000 and a purchaser would not need to meet the eligibility criteria listed above.