My new homes Login

Heath Lane by Legal & General Affordable Homes in Lowton

Sorry, this development is no longer listed on newhomesforsale.co.uk.

 

View all current developments in Lowton

Get ready to call Heath Lane home today

A collection of modern 2 & 3 bedroom homes available with Shared Ownership in the heart of Cheshire

Heath Lane provides a modern home of your own that has been imaginatively designed and built to the highest standards featuring outstanding craftsmanship and careful attention to detail. Living areas are light and open, creating a wonderful sense of space.

The quaint town of Lowton offers a plethora of local shops, restaurants, pubs, schools, a doctors’ surgery and sports clubs. Close to an impressive country park and with great transport links to Liverpool, Wigan and Manchester, Heath Lane is a great place to put down roots and own a home of your own at an affordable price.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your home with a lower deposit than is required to buy outright or with other buying schemes.

Homes at Heath Lane will be ready to move into from Winter 2021.

For more information, please register and our Sales Consultant will be delighted in helping you find your new home.

Price breakdown:
• Minimum share: 40%
• Minimum share value: £58,000 - £74,000
• Full market value: £145,000 - £185,000
• Service charge per month: £46.30 - £55.60
• Rent on un-owned share: £199.38 - £354.36
• 10% deposit required: £5,800 - £7,400
• Anticipated Household Income to purchase 40%: £19,947 - £26,313

Key Features:
• TBC

What is Shared Ownership?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home – this is usually between 25 to 75 percent of the value of the property – and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).

Eligibility criteria:
To be eligible for a home at Heath Lane, you’ll need to:

• Have a gross household income of no more than £80,000 per annum
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Not already own a home or you will have sold your current home before you purchase
• Eligible buyers must also be registered with Help To Buy

If you don’t meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

Images to be released soon.

Legal & General Affordable Homes