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544 Hesslewood Park

Shared ownership

20 Banks Drive, Hessle, HU13 0SZ

For salenew home
Shared ownership
Plot  gallery image
Live from space album cover

from

£56,250

with min. deposit

£2,813

25% Share from
£56,250
Full market price
£225,000
Minimum deposit
£2,813
Monthly rent
£387
Monthly service charge
£50

3 bedroom terraced house

With Hull a stone throw away, options for travel are in abundance. Furthermore there is a selection of Ofsted rated 'good' and even 'outstanding' schools for those with young families.

Travel links from Hesslewood Park are also in abundance. With the Humber Bridge is a short drive away and the A164 is also near for those looking to connect to Lincolnshire, Beverley and Hull City Centre.

 

Shared Ownership

 

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£56,250

with min. deposit

£2,813

25% Share from
£56,250
Full market price
£225,000
Minimum deposit
£2,813
Monthly rent
£387
Monthly service charge
£50
Sage Housing

Sage Housing

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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