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34 Davington Fields

Shared ownership

38, Faversham, ME13 7FZ

For salenew home
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3 bedroom detached house

Wonderful 3 bedroom detached house in the Davington Fields development in Faversham. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

Located in one of the most charming Market towns of Western Link, this new development offers the rural landscape while also being located a stone's throw away from London.

With Faversham a shorts drive away, access roads and transport links with Ease. The local areas also provide even more amenities with shopping outlets as well as a great selection of eateries.

About the Home

This plot is a brand new 3-bedroom detached house. Upon Entry you have a hallway that leads …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£168,750

with min. deposit

£8,438

45% Share from
£168,750
Full market price
£375,000
Minimum deposit
£8,438
Monthly rent
£473
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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