Shared Ownership
This superb modern home is available to buy from as little as £68,250 with a 35% share!
Conveniently situated at the edge of Slough town centre and within walking of the train station with Elizabeth Line links in to London is this beautifully presented third floor apartment. The accommodation provides an impressive open plan kitchen/living/dining space, large double bedroom and a modern bathroom. Further benefits include secure underground parking and a lease in excess of 100 years.
This property is ideally located for access to the centre of Slough and it’s range of shops and amenities, pubs, bars and restaurants and within an easy walk of the train station with excellent links in to the centre of London or to the West! The motorway network is also easily accessible via the M4.
PRICING & AFFORDABILITY
Full Market Value: £195,000
35% Share Price: £68,250 (rent £413.40pcm)
Minimum 5% Mortgage Deposit (35% share): £3,412.50
Approximate Service Charges: £200.95pcm*
Shared Ownership Lease: approx. 110 years
Council Tax Band: C
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.
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.
*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.
** This home can also be purchased outright (100% of the value) which is £195,000 and a purchaser would not need to meet the eligibility criteria listed above.
