2 bedroom flat for sale
Property description & features
- Tenure: Leasehold
- LAUNCHING SATURDAY 6TH JULY 2019
- 4 X THREE BEDROOM APARTMENTS
- SHARED OWNERSHIP
- ALLOCATED PARKING
- BALCONIES/TERRACES TO ALL APARTMENTS
- 125 YEAR LEASE
- INTEGRATED APPLIANCES
- 12 YEAR NHBC WARRANTY
At Rectory Park, Shared Ownership gives you the opportunity to buy a share of your new home, starting at 46% or more if you can afford it. The rest is owned by Network Homes and you pay a subsidised rent on this portion in addition to your own mortgage. You will also need to have savings to cover any deposit required by your mortgage lender and the costs involved in moving. There will also be a service charge payable to cover the cost of the communal maintenance and this includes the buildings insurance. The Shared Ownership scheme aims to help those who want to buy a home of their own, but who cannot afford the cost of buying outright.
Shared Ownership is subject to availability and qualifying criteria.
Priority will be given to people living or working in the London Borough of Ealing.
Every application is assessed individually.
Following the initial purchase, you have the option of increasing your share when you can afford to do so. This is called 'staircasing' which means you could eventually own all of the property. The benefit is the more you own, the less rent you pay.
There are some general eligibility requirements that anyone wishing to buy a Shared Ownership home must meet.
The general eligibility criteria for Shared Ownership is as follows:
You must be at least 18 years old
Your annual household income must be less than £90,000
You should generally be a first time buyer, i.e. you don't already own a home and if you do already own a home, you must be in the process of selling it
You should not be able to afford to buy a home suitable for your housing needs on the open market
You must show you are not in mortgage or rent arrears
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements).
You must be able to demonstrate that you can afford the regular payments and costs involved in buying a home
You should have savings or to be able to easily access at least £4,000 to cover the costs of buying a home. This is a guideline figure.
In most cases you will also need to have enough savings or be able to easily access a minimum 5-10% of the equity share you are buying, as a deposit.
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Property reference HRT016016498. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by haart Estate Agents - Hayes.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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