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New 2 Bedroom Coach Houses Available with Shared Ownership
Brickfields is a new collection of 2 bedroom coach houses on the outskirts of Newmarket, Suffolk.
Price breakdown:
Minimum share: 40%
Minimum share value: £100,000
Full market value: £250,000
Estate charge: £828.20 per year
Rent on un-owned share: £343.75 per month
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 Brickfields, 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.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home closer to launch.
