Shared Ownership
This superb modern home is available to buy from as little as £112,750 with a 55% share!
A well-proportioned one-bedroom second-floor apartment offering approximately 547 sq ft of accommodation, together with a private balcony and one allocated parking space. The property features a particularly spacious open-plan kitchen/reception room, providing plenty of room for both living and dining.
The accommodation also includes a generous double bedroom, bathroom and useful built-in storage. The open-plan living area provides direct access onto the balcony, giving the apartment valuable private outside space, while the allocated parking space is another useful benefit.
Forum House is conveniently positioned for Hatfield town centre and its range of shops, supermarkets and everyday amenities, while Hatfield railway station is around 0.7 miles away, providing useful connections towards London and the surrounding area. There are also numerous bus stops within the immediate vicinity.
PRICING & AFFORDABILITY
Full Market Value: £205,000
55% Share Price: £112,750 (rent £275.74pcm)
Minimum 5% Mortgage Deposit (55% share): £5,637.50
Approximate Service Charges: £152.20pcm*
Lease: 108 years
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.
