Deeping Meadow by Legal & General Affordable Homes in Market Deeping

Deeping Meadow can be found on the outskirts of the historic town of Market Deeping and offers homes for everyone, from first-time buyers to growing families. Legal and General Affordable homes is proud to offer contemporary modern three-bedroom homes. Green open space and a children’s play area set away from the houses are among the features of the well-planned layout.

Key features:
• Integrated hob/oven/hood in kitchen
• French doors leading to the garden
• Two allocated parking spaces
• NHBC 12 year warranty

Price breakdown:
Minimum share: 40%
Minimum share value: £76,000 - £82,000
Full market value: £190,000 - £205,000
Service charge monthly: £141
Monthly rent on un-owned share: £261 - £282

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 Deeping Meadow, 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

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.