Our 40 home development on Bromley Road and Hixon Walk includes a mix of homes for social rent, shared ownership and low cost home ownership. This is part of the Linden Homes Regents Place development on Goose Bay Drive.
The first phase of properties were completed in December 16 and early January with a number of residents moving in just in time for Christmas. Just 3 one bed flats remain available on a 40% share (£47,000).
We are now also accepting offers for homes in the second phase of the development which includes two houses for sale through shared ownership and three on low cost home ownership. The first of these 2 bed homes will be completed in April 2017.
Shared ownership allows you to purchase a share in a property and rent the rest. It is an affordable alternative to renting or buying on the open market and you only need to raise a deposit for the share you are buying. Our scheme at Kingsway will allow you to buy between 40% and 75% of a property. If your circumstances change in future you have the option to buy more shares in the property.
Low cost home ownership or discounted market sale is an opportunity for you to buy a home at less than the market value, at our scheme this is 75% of the market rate as determined by our RICS valuer. You will only need to pay for your mortgage; there is no rent to pay and you will own the property outright. When you sell the property, you will have to sell it for 75% of its value at the time.
Both Shared Ownership and Low cost home ownership are designed to help those who are not able to purchase a home outright to get on the property ladder. There are no upper age limits for applicants for either scheme but you will need to demonstrate that you are unable to buy a home suitable to your needs on the open market, that you can afford to purchase a home this way and that you have a local connection to the area. To be considered for a shared ownership home you must also be registered with Help to Buy South.
1 bed shared ownership flats start at £47,000 for a 40% share - Find out more now!
2 bed shared ownership houses start at £68,000 for a 40% share - Find out more now!
2 bed low cost home ownership properties start at £127,500 - Find out more now!
We are pleased to advise that we have appointed Two Rivers Housing supported by their subsidiary Twocan Estate agents to manage the marketing and sales processes for us. This will help to ensure that all buyers get the best service possible.
This means any queries you have should be directed to them on 0800 2942860 or email firstname.lastname@example.org But don’t worry if you forget and contact us directly, we’ll make sure your query gets forwarded on if we can’t help.
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