70 Monchelsea Park
12 Westfield Drive, Maidstone, ME17 3XF
with min. deposit
2 bedroom end of terrace house
Wonderful 2 bedroom terraced house in the Monchelsea Park development. The price advertised represents purchasing a 50% share of the home.
About the Development
Monchelsea Park is a brand-new development offering two and three bedroom houses, available now through Shared Ownership.
Set in a desirable location close to Maidstone town centre and local amenities with abundant of nature walking distance away. It’s a perfect family location to live.
Just a short drive from Maidstone town centre and close to the Maidstone East and West stations and with an array of outstanding schools nearby.
About the Home
Via the front door you have the …
|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