87 Oak Farm Meadow
21 Red Oak Drive, Stowmarket, IP14 4FP
with min. deposit
3 bedroom end of terrace house
Wonderful 3 bedroom terraced house in the Oak Farm Meadow development. The price advertised represents purchasing a 50% share of the home.
About the Development
Oak Farm Meadow is an exciting new development that will be offering a selection of 2 and 3 semi detached and terraced houses. Located on the edge of the B1115 which leads onto the A14, this prime location could be a great place to buy a shared ownership property.
Being situated on the edge of the town of Stowmarket, combine contemporary and comfortable living with the opportunity to walk to local amenities but also enjoy the rural surroundings.
About the Home
This plot is a brand new …
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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