Another Bungalow Sold!
Another of our Home Reach Shared Ownership bungalows has been reserved at The Bridleway with buyers keen to take advantage of this scheme to secure their home! With the build of the bungalows progressing well buyers are seeing the advantages of living in a new home at The Bridleway. With beautiful views, a thriving village and access to local countryside the bungalows are drawing home buyers from across the local area.
The Levisham Bungalow comes with
- Two double bedrooms
- Kitchen with Patio style door to garden
- Living Room with French doors to garden
- Utility Room
- Flooring included throughout!
Example Financial Breakdown:
- Full Market Value:* £217,500
- 50% Share value from: £108,750
- Lease management Fee for 2022: £208.80
- Rent charged on unowned share: 2.75% PA
- PCM Rent on unowned share (%) £249.22
- Minimum 5% Deposit from:£5438
- Estimated Annual Service Charge: £250
With Home reach you can buy from 50% up to 75% of a Dere Street home and a pay a low monthly rent on the part you don’t buy. Home Reach is a new build Shared Ownership product by heylo housing group. More information on eligibility and affordability of using Home Reach to purchase your home can be found at www.homereach.org.uk.
With Home Reach, smaller deposit requirements and lower monthly payments make it easier to buy the home you’ve always wanted! You can initially purchase up to 75% of your chosen plot, paying a low monthly rent on the part you don’t buy. You will be granted a lease, which means you will be able to live in your home as if you’ve bought it outright. You can also buy more of your home in the future (up to 100% ownership, this is known as staircasing).
You are eligible to purchase a Dere Street Homes Home Reach Property if:
- Your household income does not exceed £80,000
- You have a deposit (at least 5% of the share value)
- The property will be your principle home
- You pass a financial affordability assessment
Home Reach is available on plots 1-11 at The Bridleway. Affordability and eligibility criteria apply. For more information about heylo’s Home Reach please visit www.homereach.org.uk. For plot specific information, please visit the sales office.