Shared Ownership

This superb modern home is available to buy from as little as £135,000 with a 45% share!

Built in 2017 is this two-bedroom first floor apartment offered to the market with no onward chain complications. This bright and spacious property provides two double bedrooms, a modern bathroom and a large living/dining room which is open plan with a fully fitted kitchen and has doors on to a balcony. This apartment also benefits from two allocated parking spaces and well-maintained communal gardens.

This apartment is conveniently situated just 1 mile from Bracknell town centre with its wealth of amenities, shops, bars and restaurants. Bracknell train station provides access to London Waterloo. The property is within easy reach of the M3 & M4 motorway networks.

PRICING & AFFORDABILITY

Full Market Value: £300,000

45% Share Price: £135,000 (rent £553 pcm)
Minimum 5% Mortgage Deposit (45% share): £6,750
Approximate Service Charges: £124.68 pcm*
Shared Ownership Lease: approx. 113 years
Council Tax Band: C

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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.