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Lancaster House

Shared ownership

South Road, Saffron Walden, CB11 3GR

Sale under offer
Shared ownership
Photo of Lancaster House
Live from space album cover

from

£102,000

with min. deposit

£5,100

40% Share from
£102,000
Full market price
£255,000
Minimum deposit
£5,100
Monthly rent
£291
Monthly service charge
£62.12

2 bedroom flat

This two bedroom, second floor apartment is an ideal opportunity to get on to the property ladder with Hastoe. 

 Property features: 

 Two allocated parking spaces in secure underground car park 

 Lift access 

 Underfloor central heating 

 Double glazing

 Over-bath shower

 Ability to own 100%

  

 Kitchen / Living Room: 7.32m x 4.57m

 A spacious and well -lit dual aspect room providing a contemporary living space with stunning views over the town rooftops and countryside beyond. The kitchen comprises a range of unites with worktop space over, sink unit, four ring hob with oven below, space for washing machine, tumble dryer and fridge freezer …

Features

Off street parking

Wheelchair accessible

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£102,000

with min. deposit

£5,100

40% Share from
£102,000
Full market price
£255,000
Minimum deposit
£5,100
Monthly rent
£291
Monthly service charge
£62.12
Hastoe

Hastoe

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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