294 Stoughton Park
10 Farnham Close, Leicester, LE2 2GS
with min. deposit
3 bedroom semi-detached house
Wonderful 3 bedroom semi-detached house in the Stoughton Park Development. The price advertised represents purchasing a 50% share of the home.
About the Development
Stoughton Park is a development by Bellway Homes, located just off Gartree Road in the popular suburb of Oadby, just 5 miles from Leicester City Centre.
The first phase of Shared Ownership properties will feature a selection of 2 3 bedroom family homes, and are due to be build complete around July, with the following phase coming around October.
About the Home
This three-bedroom semi-detached home features an open plan kitchen/diner, separate lounge, downstairs WC, three bedrooms …
|Number of floors||1|
with min. deposit
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