Forest Mews - 2 bed house Your annual household income must be no more than £80,000.
Share Price: £77,000 (from 35% Min. Share)
Full Value: £220,000 | £3,850 Min. Deposit
Monthly rent: £327.71
Estimated monthly service charge: £39
Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the Shared Ownership scheme, you buy a share of the property's value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%.
You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.
There are certain conditions to be eligible for a Shared Ownership property:
You must be unable to purchase a home suitable for your needs without assistance.
You must not have any outstanding credit issues (i.e. Unsatisfied defaults or county court judgments).
You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.
Applicants who live or work in the Andover area will be prioritised
The best of city and country.
Forest Mews is situated on the edge the historic market town of Andover and offers a choice of two and three bedroom homes available through shared ownership.
On the edge of the attractive historic market town of Andover and near the North Wessex Downs
Excellent transport links, with Andover station linking to London Waterloo in just over an hour. The A303 easily links to the M3 with access to Salisbury, Swindon and Southampton Airport
Range of amenities in Andover including:
Cafes, restaurants, shops, a theatre, a cinema and a leisure centre
Local amenities right on the doorstep for everyday needs
A number of high quality schools nearby
Bright and airy homes with contemporary interiors
Minimum of one parking space
To book an appointment or if you have any questions, please contact the Customer Service Team – Sales as soon as possible by email.