2 bedroom house for sale

Overview

This home has been tastefully decorated and it is noticeable throughout that the current owner has kept the property in good condition and is ready to move straight into. This property is located within catchment for popular local schools and is within walking distance to Littleport train station, ideal for commuters. The layout of this home is both practical and proportionate with the benefit of parking and a generous rear garden. Shared Ownership is an affordable, flexible option of purchasing a home and a great way to get a foot on the property ladder if you're currently unable to buy a property outright on the open market. Shared Ownership is a Government funded Low Cost Home Ownership(LCHO) product. It allows you to purchase a share in a property that's affordable to you, whilst paying a subsidised rent to Longhurst Group for the unsold equity that remains in our ownership. When the time's right for you, you can Staircase and buy additional shares in your home and if your lease allows, you can purchase the Freehold interest to own your home outright. Shared ownership criteria:Shared Ownership is normally aimed atfirst time buyers who are unable to buya suitable home on the open market dueto affordability. However, non-first timebuyers may also be considered if theymeet the following criteria: A previous homeowner who's lookingto get back onto the property ladderfollowing a relationship breakdown andis struggling to afford a property on theopen market. A previous homeowner who's had tosell their home for financial reasons andcannot afford to buy a property outrighton the open market. People who are relocating to a new areadue to work or personal circumstancesand cannot afford to buy a property onthe open market. Existing shared owners whose familyhas grown, or circumstances havechanged, but cannot afford a home thatmeets their needs on the open market. All applicants for Shared Ownershipmust be in a position to passaffordability and financial assessmentsand be in a position to secure amortgage for the share. This includesproviding evidence that you haveenough savings to cover the mortgagedeposit (normally five to 10 percent) andyour moving and legal costs. Cash purchasers, buying the sharefrom equity from the sale of a maritalhome will also need to provide financialassessment evidence that the propertyis affordable in the longer term. Buyers must apply for the property and once accepted will be required to be a £250 non-refundable reservation fee is payable. This is credited to the rent account upon completion of the sale. You're unable to buy a Shared Ownershiphome if you already own a home inthe UK or aboard or if you have a jointhousehold income of over £80,000 perannum. Shared Ownership homes can only bepurchased as principal homes and cannotbe bought for letting or sublettingpurposes or for financial gain.Contact us to arrange your viewing and for anymore information regarding an application. For more details and to contact: https://realtyww.info/houses_cambridgeshire-d541319/for-sale_i69552815

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