Shared Ownership in Polegate, East Sussex

Shared Ownership available in Polegate, East Sussex 2 bedroom terrace available for £114,00 for 40% share

Key Features

Stonewater Homes are marketing this (lovely, stunning, spacious, airy, cosy, beautiful, executive) shared ownership property on behalf of the vendor. This is a 2 Bedroom End-Terraced house that consists of an entrance hallway, kitchen/diner, living room, 2 bedrooms family bathroom. There is a 40% share available for £114,000 with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £312.57. EPC rating is current ‘B’ with Gas central heating.

The back garden is north facing, and the front of the property is slabbed with a driveway with enough space for one vehicle. There is visitor parking opposite the property also.

Outside the front of the property there is also one bin store and a spacious bike store.

Viewings

Despite the latest UK lockdown, viewings on properties can now take place, as long as both households involved are happy to do so. All parties must adhere to strict social distancing guidelines, wear a face covering at all times, sanitise their hands before and after the visit, avoid touching any handles or surfaces in the property and limit the number of people present at the viewing.
Please make sure you take time to read the latest Government guidance here before arranging viewings – https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/949536/NationalLockdownGuidance.pdf

Stonewater Homes do not accompany these viewings and it’s the responsibility of both the viewer and vendor to ensure social distancing is followed. If the vendor does not wish to accept viewings, this is their decision, and likewise if potential purchasers do not wish to attend at this point.
If you are isolating due to symptoms of Coronavirus or isolating due to being in a vulnerable group, please read and follow specific Government advice that applies to you.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/949536/NationalLockdownGuidance.pdf

Eligibility

• You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
• You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
• The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
• In addition you be required to pay a reduced rent as well as a mortgage.

Property listed on MovingSoon.co.uk by Stonewater Homes Resales.

Please make sure you include a contact number and email address as well as quoting Property ID (#87401) when submitting your enquiry.