SPECIAL OFFER! FOR FIRST TIME BUYERS OR PEOPLE IN A POSITION TO PROCEED (NOT SUITABLE FOR INVESTORS). NOW YOU CAN AFFORD TO BUY YOUR OWN NEW HOME! OWN 100% OF YOUR HOME WITH FLYING START. PURCHASE 75% UP FRONT FOR 210,000 WITH NOTHING TO PAY ON THE REMAINING 25% FOR UP TO 10 YEARS! T & Cs apply Key features:
- Four/Five Bedrooms House
- Kitchen/Dining Room
- Family Room/Study/Bedroom 5
- Lounge
- Cloakroom
- En-Suite Shower Room
- Two Bathrooms
- X 2 Allocated Parking
- Rear Garden
- New Build
Full description:
A spacious 4/5 bedroom house with en-suite to master bedroom and two further bathrooms.The property has an entrance hallway, family room/study which could be used as a fifth bedroom, kitchen/dining room and a cloakroom.On the first floor there is a living room, bathroom and a double bedroom.The top floor has a further three bedrooms master with an en-suite shower room and another bathroom.Externally there is a rear garden and two allocated parking spaces.
AccommodationComprises:
* Hallway
* Downstairs Cloakroom
* Kitchen/Dining Room: 5.03m x 4.55m (16'' 6" x 14'' 11")
* Family Room/Study/Bedroom 5: 3.89m x 3.05m (12'' 9" x 10'')
* Landing
* Lounge: 5.03m x 4.37m (16'' 6" x 14'' 4")
* Bedroom 2: 5.03m x 2.82m (16'' 6" x 9'' 3")
* Bathroom
* Bedroom 1: 5.03m x 3.89m (16'' 6" x 12'' 9")
* En-Suite Shower Room
* Bedroom 3: 2.82m x 2.79m (9'' 3" x 9'' 2")
* Bedroom 4: 2.82m x 2.16m (9'' 3" x 7'' 1")
* Bathroom
* Rear Garden
How does flying start work?
You arrange a mortgage to purchase your new home.With Flying start this is just 75% of the purchase price, the 25% balance is funded through an interest-free loan from the New Homes Company that is secured on the property.
Do I need to pay a deposit?
You only need to put down a £1,000 reservation deposit to secure your new home (this will be deducted from the purchase price at time of completion).
Do I have to pay stamp duty?
Yes, the property is 100% yours, the stamp duty and any associated fees with your selected moretgage product will apply as normal.
Do I need to Pay rent or interest on the 25%
No!there is NO INTEREST OR RENT to pay on the 25% balance.
How much mortgage do i apply for?
You need to arrange finance for 75% of the purchase price.
When do i need to repay the balance of 25%?
At any time during the 10 year period, you may repay the loan, subject to an open market valuation of the property (based on the average of 2 valuations by independent surveyors.
What happens when I sell?
You can sell your home at anytime within the ten years and retain your share of the selling price while the new homes company is entitled to 25% of the open market value at that time.
Please note that these are draft details and we are awaiting approval by the vendor.