Buy a home

Brand new build, new to the market as part of our fantastic Shared Equity Homes. This modern, two bedroom, semi detached is an ideal home for families and couples alike featuring a spacious living room to the front of the property with separate hallway with stairs leading up.

Home owners will enjoy a fully equipped kitchen to the rear of the property complete with stainless steel oven/hob/extractor included with access through the back door to their spacious private garden. The kitchen cupboards and worktops have been specifically chosen to suit any taste, the colours within the homes have been kept neutral to allows buyers to put their own stamp on their home.

This home features two double bedrooms and a fitted family bathroom to the first floor which comes with fitted shower.

Garden to the rear comes with timber fencing and a private block paved driveway to the front of the property with light landscaping to the front.

Flooring to the kitchen and bathrooms.

Property also comes with builders warranty and NHBC warranty to give our buyers peace of mind when purchasing a brand new home.

Buying a home with us –Shared Equity:

You also have the option of buying the home as part of our Shared Equity scheme. The home is for sale at 80% of the normal market value of the home. You will purchase the home in the normal way with your deposit and mortgage and you will be 100% owner of the title deed. Therefore there will be no third party ownership.
We will provide our buyers with a 20% interest free equity loan. If you are also taking a mortgage from a bank or building society, it will sit behind your main mortgage.

Repaying your Equity Loan:
The Shared Equity loan is payable following:
• The sale of the property
• Seven days from notice by the borrower to the lender of their wish to redeem their loan
• The redemption of your main mortgage
• 12 months following the death of the borrower

Important notes:
It is essential that you must let your mortgage advisor know that this is a Shared Equity property and they will ensure you have the right mortgage product for the property.

Evidence Required for the purchase:
– Mortgage Decision in Principle showing the maximum amount applicants are able to borrow (not more than 3 months old)
– Proof of funds for deposit is required (e.g Bank statement)
– Evidence of all sourced household income and savings (P60, pay slip, bank statements plus details of any other income received).
– Statement from an Independent Financial Advisor (IFA) confirming an applicant is unable to purchase the property at full market value (this should include the applicants name, plot number, site address, discount and sale price of the property).

If you can qualify for all of the above, a simple application will be completed to satisfy your eligibility. Once they have approved your application you can continue the reservation with us as per a normal house sale.