Property for sale in Newark NG23, 2 Bedroom

What is Shared Ownership?
Shared ownership is a part-buy, part-rent scheme designed to help you buy a home if you cannot afford to buy one on the open market. You buy a share of your chosen property, usually between 50 – 75%, depending on what you can afford. You buy the property on a long lease and pay a subsidised rent on the remaining share. You can then buy further shares as you can afford it and own the property outright. If you own more than 80% and decide to sell, ncha will buy the property back from you.

Who qualifies?
Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.

Local Connection: Priority given to applicants from Elston

Kitchen
* Range of wall and base units
* Integrated oven and hob
* Extractor hood
* Vinyl flooring

Bathroom
* White bath suite
* Shower over bath
* Tiled to full ceiling around bath
* Vinyl flooring

Internal
* Downstairs cloakroom with w/c and wash hand basin
* UPVC double glazing throughout
* Gas central heating with combi boiler

Viewings & Reservations
Before arranging a viewing, you will need to register your interest with Help to Buy Midlands by completing an application form on their website . Once assessed, they will forward your application form to us. If your application is successful we will contact you to arrange a viewing.

A non-refundable reservation fee of £250 is required to reserve your new home, this amount goes towards you deposit on completion.

The properties are sold on a 125 year shared ownership lease.