£64,750
3 bed terrace to buy in NE8
- 3 beds
£64,750
- 3 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
Share
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- Access off-market properties
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SHARED OWNERSHIP
Pattinson's Estate agents welcome to the market this stylish family home, presented to a great standard throughout. The property offers fantastic access to local amenities and good transport links.
Briefly comprising: entrance hall, ground floor wc, lounge with floor to ceiling windows, modern fitted kitchen with appliances / dining, stairs to the first floor, three
bedrooms and family bathroom.
Externally the property offers a private rear garden with a communal space to the rear, a balcony from the master bedroom, parking spaces to the front
An early viewing is considered essential to fully appreciate the property and gardens.
QUALIFYING CRITERIA
· Total household income must be under £80,000 – This is based on all members of the household aged 18 and older whether they have joined the application or not.
· Applicants are assessed and considered on a first come first serve basis.
· Applicants that currently own a property must have a sale agreed on their current property before they can be considered.
· Applicants must not currently own a home anywhere in the world unless a court order forces them to remain on the deed of a property where their children reside.
· Applicants must be unable to afford to buy a property suitable for their family size on the open market.
· The Shared Ownership property they are looking to buy must be their principle or only home and they may not sublet all or part of it.
· Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.
Share purchase price
£64,750.00 (35% share)
If you buy a 35% share, the rent from 1
st April 2024 will be
£216.94 a month (reviewed annually)
If you buy a larger share, you'll pay less rent.
Examples below
Share Monthly rent
50% £166.88
65% £116.81
75% £83.44
80% £66.75
The percentage share and rent amount will change depending
on the amount you can afford. You'll receive a worked example
after a financial assessment carried out by The Mortgage People.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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