Semi-detached house for sale in The Furrow, Littleport CB6

This home has been tastefully decorated and it is noticeable throughout that the current owner has kept the property in good condition and is ready to move straight into. This property is located within catchment for popular local schools and is within walking distance to Littleport train station, ideal for commuters. The layout of this home is both practical and proportionate with the benefit of parking and a generous rear garden.

Shared Ownership is an affordable, flexible option of purchasing a home and a great way to get a foot on the property ladder if you’re currently unable to buy a property outright on the open market. Shared Ownership is a Government funded Low Cost Home Ownership

(lcho) product. It allows you to purchase a share in a property that’s affordable to you, whilst paying a subsidised rent to Longhurst Group for the unsold equity that remains in our ownership. When the time’s right for you, you can Staircase and buy additional shares in your home and if your lease allows, you can purchase the Freehold interest to own your home outright.

Shared ownership criteria:

Shared Ownership is normally aimed at

first time buyers who are unable to buy

a suitable home on the open market due

to affordability. However, non-first time

buyers may also be considered if they

meet the following criteria:

• A previous homeowner who’s looking

to get back onto the property ladder

following a relationship breakdown and

is struggling to afford a property on the

open market.

• A previous homeowner who’s had to

sell their home for financial reasons and

cannot afford to buy a property outright

on the open market.

• People who are relocating to a new area

due to work or personal circumstances

and cannot afford to buy a property on

the open market.

• Existing shared owners whose family

has grown, or circumstances have

changed, but cannot afford a home that

meets their needs on the open market.

• All applicants for Shared Ownership

must be in a position to pass

affordability and financial assessments

and be in a position to secure a

mortgage for the share. This includes

providing evidence that you have

enough savings to cover the mortgage

deposit (normally five to 10 percent) and

your moving and legal costs.

• Cash purchasers, buying the share

from equity from the sale of a marital

home will also need to provide financial

assessment evidence that the property

is affordable in the longer term.

Buyers must apply for the property and once accepted will be required to be a £250 non-refundable reservation fee is payable. This is credited to the rent account upon completion of the sale.

You’re unable to buy a Shared Ownership

home if you already own a home in

the UK or aboard or if you have a joint

household income of over £80,000 per

annum.

Shared Ownership homes can only be

purchased as principal homes and cannot

be bought for letting or subletting

purposes or for financial gain.

Contact us to arrange your viewing and for anymore information regarding an application