We are pleased to bring to the market this 2 bedroom Flat Shared Ownership. It is situated in High Wycombe, Buckinghamshire and is available now

Shared Ownership

This brand new home is available to buy from as little as £130,000 with a 50% share!

This spacious second floor modern apartment is superbly positioned with easy access to High Wycombe centre as well as the train station with direct links to London Marylebone.

The accommodation features an open plan lounge/kitchen/diner with access to a private balcony, two well-proportioned bedrooms, bathroom and allocated parking.

PRICING & AFFORDABILITY

Full Market Value: £260,000
50% Share Price: £130,000 (rent £356.37pcm)

Minimum 5% Mortgage Deposit (50% share): £6,500
Approximate Service Charges: £171.46 pcm*
Lease Remaining: approx. 87 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.

** This home can also be purchased outright (100% of the value) which is £260,000 and a purchaser would not need to meet the eligibility criteria listed above.