Shared Ownership

This brand new home is available to buy from as little as £62,500 with a 25% share!

Midshire Meadow is situated in the heart of The High Peak and is ideally located to discover the regions striking countryside. The development offers an elegant collection of homes, located in the much sought after semi-rural location of Whaley Bridge. Less than 7 miles from Buxton, and less than an hour away from Manchester this development provides easy access to city life and the natural beauty of High Peaks incredible countryside.

The Hampton is a beautiful semi-detached home, perfectly designed for first time buyers . The ground floor boasts a good-sized kitchen/breakfast area and an open-plan living room/dining area with French doors leading out to your rear garden. Upstairs, there are two well proportioned bedrooms and a master with an en suite. Each one of these stylish homes has a private garden to the rear and off-road parking to the front. All this is complemented by gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.


PRICING & AFFORDABILITY

Full Market Value: £250,000

25% Share Price: £62,500 (rent £429.69pcm)
50% Share Price: £125,000 (rent £286.46pcm)
75% Share Price: £187,500 (rent £143.23pcm)

Minimum 5% Mortgage Deposit (25% share): £3,125
Approximate Service Charges: £25.47 pcm*
Shared Ownership Lease: 250 years
Council Tax Band: TBC

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.

At Midshire Meadow you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• LOCAL AREA CONNECTION REQUIREMENT - you must have a local connection to High Peak Borough either through residency, family (lived there min 5 years) or work (min 12 months).
• 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
; Service Charge: 305.64