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106 Glenvale Park

Shared ownership

17 Bunnet Road, Wellingborough, NN8 6BE

For salenew home
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Live from space album cover

3 bedroom semi-detached house

Wonderful 3 bedroom semi-detached house in the Glenvale Park development. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

Glenvale Park is a wonderful brand new development and community, located in the outskirts of the historic market town of Wellingborough. This wonderful range of 3 bedroom houses are the perfect opportunity to young families, first time buyers and others alike.

The wonderful surrounding countryside offers a range of outdoor activities for all and the local area also provides a wealth of local amenities to suit everyone's needs.

About the Home

 

This plot is a brand new 3 bedroom …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£117,000

with min. deposit

£5,850

45% Share from
£117,000
Full market price
£260,000
Minimum deposit
£5,850
Monthly rent
£328
Monthly service charge
£50
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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