- Shared Ownership
- Login / Register
We are pleased to bring to the market this 2 bedroom Flat Shared Ownership. It is situated in Hereford, Herefordshire and is available now.
Flat 8 Stable Drive, Hereford
Quiet area close to local amenities, hairdresser, shops, post office, schools and parks.
The property is also on a bus route and within walking distance to town.
This is a quiet neighbourhood with good size double bedrooms and an electric entry system for security.
|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: Mrs Lynn Jaiteh
Seller Contact Details: Email: email@example.com Tel: 07527390754
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
Please take note of the minimum income, (£29,084) and minimum deposit (£6,400) for this property.
The property also has section 106 requirements, please read these prior to applying: You must be resident in Herefordshire and have been for the last 12 months.
A member of the household must be contracted to work in Herefordshire for at least 16 hours a week.
Where a member of the household proposes to move to Herefordshire they must have accepted a contract to work 16 hours a week more.
Where a member of the household is required to move to provide or receive support from ancestors, adult children or siblings who currently reside in Herefordshire where that person has a proven need to receive support.
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 let us know if you need any further information and good luck with your viewing.
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
Equity share: 25% / £41,000