Shared Ownership

*** LAST REMAINING HOME *** This brand new home is available to buy from as little as £26,500 with a 10% share!

Bowland Rise is located in the small, attractive village of Dolphinholme on the edge of the Forest of Bowland, an area of outstanding natural beauty.

‘The Birch’ has been designed to a very high specification and is perfect for first time buyers and growing families. Even the landscaping around the property has been designed to preserve and improve the natural environment.

Boasting a contemporary kitchen/dining room with integrated cooking appliances and down-lighters with French doors leading out to the garden that flood the home with light. In addition to this, there is a spacious lounge, downstairs W/C, well proportioned bedrooms, a modern 3 piece bathroom with high specification tiles and thoughtful, quality fixtures and fittings.

All this is complemented by gas central heating, smoke detectors, stylish uPVC doors & windows, fully integrated cooking appliances, a landscaped garden and off road parking.

Access to the village from the A6 (5 min drive) makes the development a perfect choice for home buyers seeking rural surroundings yet still less than 5 miles from the City of Lancaster. The M6 (junction 33 being just 4 miles from the development) and A6 provide direct links to both Preston and Lancaster and the facilities of Galgate are just a short drive away. The historic market town of Garstang can also be reached with just a 15-minute drive. Within Dolphinholme village, buyers will find St Mark's Church and a Methodist Church, a busy village hall, and a local country public house, The Fleece Inn which is also home to the village shop, with well-stocked shelves of everyday essentials.

PRICING & AFFORDABILITY

Full Market Value: £265,000

10% Share Price: £26,500 (rent £546.56 pcm)
25% Share Price: £66,250 (rent £455.47pcm)
50% Share Price: £132,500 (rent £303.65pcm)
75% Share Price: £198,750 (rent £151.82pcm)

Minimum 5% Mortgage Deposit (10% share): £1,325
Approximate Service Charges: £30.55 pcm*
Shared Ownership Lease: 999 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 Bowland Rise 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:

• 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: 366.6