Shared Ownership
This superb modern home is available to buy from as little as £65,000 with a 25% share!
A top floor apartment situated in the heart of Maidenhead and benefiting from an upgraded specification throughout. The open plan accommodation features a large lounge/kitchen/dining area with access to a private blacony, a double bedroom and a modern bathroom suite. The development features a magnificent communal podium garden for residents to enjoy.
In the centre of Maidenhead, there is a superb selection of retail shops and entertainment venues within easy reach. Whether you are looking for the perfect outfit from popular high street stores or checking out what's showing at the Odeon Luxe for a relaxing movie night. Only a few minutes’ drive away, Bray's old world charm plays host to a number of independent boutiques and beauty salons. Not to mention a selection of Michelin star restaurants and cosy pubs to choose from.
It sits less than 30 minutes by train to central London and Maidenhead train station is also part of teh Elizabeth Line giving direct access to locations including Heathrow Airport and Canary Wharf. With the M4 and a great road network on your doorstep, Maidenhead is well positioned for easy access to global headquarters as well as Heathrow Airport.
PRICING & AFFORDABILITY
Full Market Value: £260,000
25% Share Price: £65,000 (rent £604.99pcm)
Minimum 5% Mortgage Deposit (25% share): £3,250
Approximate Service Charges: £145.05pcm*
Lease: 243 years remaining
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 £260,000 and a purchaser would not need to meet the eligibility criteria listed above.
