Shared Ownership Shared Ownership is a Government scheme, also known as ‘part-buy/part-rent’, which allows you to buy part of a property, and pay rent for the part you don’t own. The scheme allows you to start off with a share you can afford, (e.g. between 35% minimum and 75% maximum initially). If your circumstances then change, you can buy more shares and eventually own 100% of your home. Shared Ownership is designed to help people who would not normally be able to afford an ‘open market’ purchase. Quite often the total monthly
A Beautiful selection of two and three bedroom shared ownership homes available In the current climate, home ownership may seem a far and distant possibility to a lot of people. However, it is far more achievable than you might initially think. Lenders are recognising what a great help Shared Ownership is and with deposits as little as 5% of the share you purchase, the scheme has become an affordable proposition. Plovers Field is situated just 3 miles from the centre of Helston within the scenic hamlet of Crowntown. The properties at Plovers field are sandwiched between the Crown Inn pub and Sithney County Primary school, which is in receipt of an ’outstanding’ ofsted rating.
cost of purchasing a shared ownership home will still be significantly cheaper than renting a similar property privately on the open market.
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Plots 2 & 3
2 bedroom House 3 person - £150,000 (Open Market Value) Example Share
Price of Example Share
Example Total Cost Per Month
Example Monthly Rent
Example Monthly Mortgage*
Monthly Service Charge
Example 10% Deposit
35%
£52,500
£452.27
£203.13
£249.14
TBC
5,250
50%
£75,000
£512.17
£156.25
£355.92
TBC
£7,500
75%
£112,500
£612.00
£78.13
£533.88
TBC
£11,250
Plots 4 & 5
2 Bedroom House 4 person - £155,000 (Open Market Value) Example Share
Price of Example Share
Example Example Example Total Cost Monthly Monthly Per Month Rent Mortgage*
Monthly Service Charge
Example 10% Deposit
35%
£54,250
£467.34
£209.90
£257.45
TBC
£5,425
50%
£77,500
£529.24
£161.46
£367.78
TBC
£7,750
75%
£116,250
£632.40
£80.73
£551.67
TBC
£11,625
Plots 15 & 16
3 Bedroom House - £175,000 (Open Market Value) Example Share
Price of Example Share
Example Total Cost Per Month
Example Monthly Rent
Example Monthly Mortgage*
Monthly Service Charge
Example 10% Deposit
35%
£61,250
£257.65
£236.98
£290.67
TBC
£6,125
50%
£87,500
£597.55
£182.29
£415.24
TBC
£8750
75%
£131,250
£714.00
£91.15
£622.86
TBC
£13,125
Specification Kitchen • Range of Moores Portland ‘Muscle’ wall and base units • Integrated Cooker & Hob • Tarkett home style range Biscay 2 / brown Vinyl flooring • Space for Washing machine/ Fridge Freezer
Bathroom • Contemporary bathroom suite with Classic Alabaster stone matt wall tiles • Mixer Shower over Bath • Tarkett home style range swan / light beige Vinyl flooring • Shaving Mirror • Coram shower screen
General • Allocated parking for 2 vehicles • 10 year NHBC warranty • Enclosed rear gardens
CLAUSES: Artist’s impressions are intended for illustrative purposes. Actual finishes, details and any landscaping shown may vary. Floor plans are for identification purposes only and are not necessarily to scale. All prospective buyers should note that floor plans are solely intended for their guidance and nothing contained therein should be a statement of fact or representation warranty. All areas, dimensions and measurements shown are approximate and layouts are given as a guide only. They should not be relied on in any way. In particular, room dimensions have tolerances and should not be used to determine measurements for appliances or furniture. From time to time, it may be necessary to amend plans. Our obligations under the Property Misdescriptions Act 1991 and Consumer Protection from Unfair Trading Regulations 2008 are not affected and every effort has been made to ensure that no statements made in this brochure are false or misleading. NB: The site plan does not form part of any contract of sale. Photos and finishes used are typical of Coastline Housing. VIEWING: For viewings of individual properties and/or a site visit, please contact us using the details shown. THE DEVELOPER: The developer reserves the right to change or modify any of the specifications outlined in this brochure at any time without prior notice. CALLS: Calls may be recorded for training and monitoring purposes. MEASUREMENTS: All measurements shown are approximate. AVAILABILITY: Site map availability correct at time of going to print. APPLICATION: Local connection required (Please ask for further details) TENURE: Leasehold (99 years) This scheme is being funded in Partnership with Cornwall Council & Homes & Communities Agency
For enquiries contact us today on: Call: 01209 200230 Visit: http://www.coastlinehousing.co.uk/buy-home Email: home.ownership@coastlinehousing.co.uk @coastlinehouse