An opportunity to purchase a brand new home on a shared ownership basis. Are you currently renting and would like to own your own home but unable to obtain sufficient mortgage funding to enable you to do so? This may be an option for you! Are you a first time buyer looking to get onto the property ladder - this may be an option for you too?
We are offering for sale a 2 bedroom and a 3 bedroom property on the tall trees development which is only a 5 minute drive to Yarm High Street and close proximity to Yarm Train Station and reputable Secondary and Primary Schools.
Please enquire for further information.
Enclosed garden to the rear. Allocated car parking bay to the front.
The property is leasehold and available on a shared ownership basis.
Full market value is £145,000 with an option to obtain ownership of between 25% - 75% of the value. Rent is payable on the remaining share. There will be the option to purchase 100% ownership at a later date. The potential buyer will be required to meet criteria - these are as follows:
1) does not currently have a mortgage (there are some exceptions to this).
2) Household income is less than £80,000 in total.
3) You are not currently a homeowner
4) You have a minimum of 5% deposit for the percentage of the home you would like to obtain a mortgage for.
The property is leasehold with a service charge of approximately £46.00 pm to include buildings insurance and maintenance of communal areas.
The EPC rating for this property is B. A full version is available upon request.
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