Full details for 2 Bedroom Semi-Detached For Sale in Banbury
Photos
Description
40% Shared Ownership £108,000 - Longford Park - 100% purchase option £270,000.
This semi-detached property with driveway parking has a large sitting room then a kitchen diner leading to the enclosed and larger than average garden.
Upstairs are two double rooms with the master bedroom having a small office area partitioned off. The bathroom has bath with shower over and is fully tiles above the bath to the ceiling.
The enclosed rear garden is well kept and attractive.
This property is extremely well presented and offers an amazing way to get on the housing ladder for an affordable price. There are options to step up ownership over time or indeed purchase now for 100% ownership at £270,000 or as shared ownership 40% at £108,000 - fixed price following RICS valuation.
If you buy a 40% share, the share purchase price will be
fixed price of £108,000.00 and the rent will be £472.79 a month.
Your annual rent is calculated in line with the property
lease and annual rent review.
In addition to the rent above of £472.79the monthly payment to the
landlord includes service charge to includeBuildings insurance £11.46 pcm.
Under a shared ownership lease, you pay for a percentage
share of the market value of a home. You enter into a
lease agreement with the landlord and agree to pay rent to
the landlord on the remaining share.
Any questions we have full details of the shared ownership scheme available in pdf format.
You will also have to qualify for the shared ownership scheme - full details available on request.
Following a viewing if you wish to make an offer then the application process includes:
Process
- Return of shared ownership application form.
- The finance company will receive a referral from bpha for them to undertake a full qualification.
- Full qualification is confirmation of eligibility, affordability, and sustainability for the shared ownership property. The financial advisors will also undertake bphas due diligence checks on identity.
'Clean Credit Search -Defaults/County Court Judgements/Delinquent Please note that any unsatisfied defaults or CCJs will prevent us from being able to take any application further. A credit check will be completed for every customer who is successfully proceeding with a property and is done at the point of referral to an independent financial advisor we work alongside.
EPC rating: B. Tenure: Leasehold, Length of lease (remaining): 116 years 2 months, Back to listing