Shared ownership at WHINCHAT CLOSE, Hartlepool, TS26 0SD

WHINCHAT CLOSE

WHINCHAT CLOSE, Hartlepool, TS26 0SD

For sale
Shared ownership
Live from space album cover

Overview

***Please quote WHI419 when enquiring.*** - Introduction -  Tired of renting with nothing to show for it? Looking to step on to the property ladder but not sure how? This 3 bed house offers the perfect opportunity to own your own home for only £3,175 for a 5% deposit! An ideal family home that is too good to miss!   - What the owner says - “Quiet aspect in a cul-de-sac setting. Modern, spacious property. Well maintained throughout. Back garden has decking and a new shed which was replaced in the last 9 months. Plenty of schools in the immediate area and several supermarkets within walking distance. Open field behind the ...

Features

Off street parking

Bedrooms3
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

Register interest

from £63,500

with min. deposit £3,175

50% Share from
£63,500
Full market price
£127,000
Minimum deposit
£3,175
Monthly rent
TBD
Monthly service charge
£21.49
Annual ground rent
TBD
Reservation free
TBD
Administration free
TBD

Home Group Resales

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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