**PLEASE NOTE, AS PER THE TERMS OF THE SHARED OWNERSHIP LEASE, A RENT REVIEW WILL TAKE PLACE IN APRIL 2023.  THIS MEANS THE CURRENT ADVERTISED RENT AND SERVICE CHARGE IS SUBJECT TO CHANGE**

19 Burrows Crescent, Chipping Norton

Stonewater Homes are marketing this spacious and light shared ownership property on behalf of the vendor. This is a 2-bedroom first floor maisonette that consists of living room, open plan kitchen, 2 double bedrooms and family bathroom.

To the exterior of the property, you will find communal outdoor spaces, and 2 allocated parking spaces.

There is a 40% share available for £94,000, with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £345.76 per month. EPC rating is currently ‘B’, with high performance glazing and gas central heating.

The property is located in a very quiet, family-friendly area on the fringes of Chipping Norton.

Buyers may be asked to demonstrate a ‘local connection’ to the area as part of their eligibility assessment.

As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government’s latest standards.

Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding.

Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Mr Intasean

Seller Contact Details: justinjade@hotmail.com 07973 197279

As a shared ownership home, you will need to be eligible for Shared Ownership and be registered with Help to Buy. For further information on registering with Help to Buy, please visit https://www.helptobuy.gov.uk/shared-ownership/ and follow the link to your local agent. Please take note of the minimum income, (£32,010) and minimum deposit (£7,200) for this property.

Buyers may be asked to demonstrate a ‘local connection’ in order to be eligible. Please contact us for details.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

‘Please note, the majority of our shared ownership homes undergo a rent review in April 2024.  The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent.  We will confirm the exact changes to the rent for this property as part of the sales process.’