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Lancaster Lane

Shared ownership

Lancaster Lane, Saffron Walden, CB11 3GL

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

from

£103,250

with min. deposit

£5,163

35% Share from
£103,250
Full market price
£295,000
Minimum deposit
£5,163
Monthly rent
£404
Monthly service charge
£19.09

2 bedroom house

This two bedroom, semi-detached house is an ideal opportunity to get on to the property ladder with Hastoe.

 Property features: 

 Dedicated parking space outside property

 Private garden

 Fitted kitchen

 Gas central heating 

 Double glazing

 Over-bath shower

  

 Kitchen: 3.30m x 3.20m

  

 Living room: 4.60m x 3.60m

  

 Bathroom: 2.10m x 2.00m 

  

 Bedroom 1: 4.70m x 3.30m

  

 Bedroom 2: 4.00m x 2.45m 

  

 Garden: 12m x 5.2m

  

 Purchase Requirements:

 Be a first time buyer or not currently own a property. 

 Demonstrate you meet the minimum income requirements. 

 Demonstrate a deposit sufficient to obtain a mortgage for the property.

 Be …

Features

Off street parking

Pets allowed

Wheelchair accessible

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£103,250

with min. deposit

£5,163

35% Share from
£103,250
Full market price
£295,000
Minimum deposit
£5,163
Monthly rent
£404
Monthly service charge
£19.09
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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