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The Beat

Shared ownership

Pump Ln, Hayes, UB3 3NB

For salenew home
Shared ownership
Photo of The Beat
Live from space album cover
  • from

    £76,250

    1 bedroom

from

£76,250

with min. deposit

£3,813

Network Homes

£76,250

1 bedroom flat

£103,750

2 bedroom flat

Availability

For sale

For sale

Minimum share

25%

25%

Full market price

£305,000

£415,000

Deposit from

£3,813

£5,188

Monthly rent

£524

£713

Monthly service charge

£128.88

£128.88

Bedrooms

1

2

Bathrooms

1

1

Reception rooms

1

1

Furniture status

unfurnished

unfurnished

Floor area

52

82.6

Number of floors

1

1

Entrance floor

1st floor

Ground floor

Tenure

leasehold

leasehold

Property features

BalconyCentral heatingDouble GlazingLift accessPets allowedCommunal Garden
Central heatingDouble GlazingLift accessPets allowedCommunal GardenTerrace

Overview

Phase 1 launching Saturday 5th November. Network Homes are excited to offer a selection of smart new homes in a location with a bright future. Network Homes will be selling Shared Ownership properties as part of a bigger development being built by Fairview New Homes. There will be a choice of one and two bedroom apartments with prices starting at a 25% share. Some apartments will have an allocated car parking space. 

To give you a helping hand we will be offering £500 towards legal fees and £500 towards an Independent Financial Advisor (subject to Network Homes approval). Plus, a designer furniture voucher worth £3,000 - perfect for moving …

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.

from

£76,250

with min. deposit

£3,813

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