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Property Eagle Molesey, Surrey
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TENANT INFORMATION

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:

A refundable holding deposit (up to 1 week's rent)

A refundable tenancy deposit (up to 5 weeks' rent (or 6 weeks' rent if the annual rent is £50,000 or more))

A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)

Payments associated with early termination of the tenancy when requested by the tenant

Interest, at a rate of up to 3% above the Bank of England's base rate, for late payment of rent (which is more than 14 days overdue)

A default fee for the replacement of a lost key or security device

Payments to service providers in respect of utilities, communication services, TV licence and council tax

Other payments, permitted under appropriate legislation, including damages.

A letting or property management agent in England must also be a member of a property redress scheme and a member of a client money protection scheme. For further information, or a copy of their membership certificates, please contact the agent directly.
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Description:
Have you got £5,313* savings? Then you may be able to call this property your new home!

New 3 bedroom house available on a Shared ownership (part buy, part rent) sale.

Prices from £425,000...

Coming approx January 2021, but apply now!

More detail ….

Features:

• Brand-new home

• No onward chain

• NHBC 10 year warranty (or similar)

• Rent payable of £398 pcm (approx)

What is part buy, part rent?

Think of the scheme as a helping hand to get onto the property ladder. You buy a share in the property, and rent the rest from the housing association.

This means that you have a mortgage (or buy with cash) for the share that you own, and you pay rent on the value of the property you don‘t.

Most properties allow you to staircase (buy more of a share) in the property in the future quite easily - so you could own your property outright, depending on your financial circumstances, in the future!

Very few products survive 30 years virtually unchanged and remain so hugely popular and trusted, as Shared Ownership has done.

Did you know...part buy, part rent isn‘t just for first time buyers! Everyone is welcome to apply, as long as you don‘t own another property and earn less than £80,000*

*please note limits may vary depending on the size of the property. If you own another property, you are welcome to apply, as long as your home is under offer.

How much will you have to buy?

You have to buy (get a mortgage for) at least the advertised share in the property. The exact amount you buy will be based on your monthly income, outgoings and deposit. This is decided by the panel financial advisor. He uses a special income test to make sure you can afford to purchase and live comfortably. The shares you do not purchase you rent from Vivid. The fee / rent for these shares are paid monthly to Vivid.

There are eligibility conditions for our homes. Shared Ownership is a government product that is there to help people purchase a home of their own. It is only there for those people who cant afford to do it on their own through the traditional mortgage route.

• nb: The name Shared Ownership is misleading .. The home is yours .. We are a silent partner.

Are our computer generated pictures correct?

The cgi‘s used are not to scale and may not be exactly the same when they‘re built. They‘re just a guide.. But the homes we build should be very similar. Pictures of trees and green areas, fences and paths are used to give an impression of what it could look like. The landscape and layout may change. The home you like may not include these and finishes and specification may change.

Internal images of the property are of a previous show home built by Vivid Homes and are shown to give an idea of the quality of finish to be expected.

For more information on this shared ownership property please fill in your details on the request details button and Property Eagle or Vivid Homes will be in contact to answer any questions that you may have.

We tell you all this information to make sure you know what to expect and to make sure we comply with the Consumer Protection Regulations 2008.

Please note that the computer generated image above is for illustrative purposes only.

*Based on someone purchasing a 25% share in this property and securing a 5% deposit with a lender (with no existing debt). You can have debt. Who doesn‘t nowadays! But note Income / debt / savings and credit history play a part on the mortgage rate you are able to secure with a lender. Applicants will be means tested to determine the share they can afford to purchase. This will affect the rate of rent stated in this listing.

Please note that eligibility conditions apply () and applicants will be means tested for affordability. You may be assessed to purchase a larger share than advertised depending on your finances.

The prices are guidance values only and are subject to change

Local applicants will take priority for these homes.

The monthly service charge is £37 approx. Minimum share from 25% and the rent is based on 1.5%

Applicants must be registered with the Help to Buy agent.

Details and price are correct at the time of publication/print.
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Do you own this property? Leave a review!
Date Listing Posted: 12/04/2020
Updated: 04/01/2021
Days on : 267

3 Bedroom Semi-Detached For Sale

Sheerlands Road, Finchampstead, Wokingham RG40

£106,250

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Aztec House, 137A Molsey Avenue, West Moslesey
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Nearby Stations
Wokingham Station - 0.71 miles Crowthorne Station - 2.52 miles Winnersh Station - 2.66 miles Winnersh Triangle Station - 3.39 miles
Nearby Schools
Luckley House School - 0.28 miles Ludgrove School - 0.47 miles Evendons Primary School - 0.51 miles Northern House School (Wokingham) Special Academy - 0.54 miles
Estimated running costs:
Mortgage £381
Energy £130
Water £75
Broadband £30
Home insurance £13
Recently sold in area Wokingham
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Property Listing Disclaimer - [1021927]. The information displayed about this property comprises a property advertisement. PropertyHeads.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information and PropertyHeads.com has no control over the content. This property advertisement does not constitute property particulars. The information is maintained by Property Eagle, with the exception of the floor area and price per square metre which are obtained from the EPC, and the Owner Review which is verified by Property Eagle only. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland. PropertyHeads.com makes no warranty as to the accuracy or completeness of the EPC used to provide the floor area or the price per square metre. The information in the Owner Review is the opinion of the author only, it is not supplied by the agent and therefore may not covered by the Consumer Protection from Unfair Trading Regulations 2008.

Contains HM Land Registry data © Crown copyright and database right 2019. This data is licensed under the Open Government Licence v3.0.
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