Bungalow for sale in Knights Lane, Hartnells Farm, Taunton TA2

Last bungalow available

Brand new Shared Ownership bungalow available now.

Would you like your first 6 months rent covered when buying a share of this property. Please call our branch now for further details

Built by Persimmon Homes, seven shared ownership homes are now available. In the heart of Taunton, Knights Lane. This is the perfect opportunity to find a home at an affordable price for you. Buy between 30% to 75%.
With only seven homes available register now to ensure you have the best opportunity to reserve your home. Viewings will be on an appointment only basis.
How much will this cost?

Full Market Cost: £300,000

30% Share - £90,000
50% Share - £150,000
75% Share - £225,000

Knight’s Lane is a perfect opportunity to be able to afford a home without having to compromise. Found in the TA2 postcode, you are a 10 minute drive to Taunton train station. With amenities nearby; you will have the luxury of Countrywide on your doorstep with a major town a stone’s throw away.
What is shared ownership?
Shared Ownership is a government-backed scheme that has been around for more than 35 years and has helped over 200,000 people buy a home.
Why buy shared ownership?
Shared Ownership is the perfect way to get on to the housing ladder if your finances mean that your housing needs and your current situation don’t quite match. Better still, it’s usually cheaper than renting.
How does it work?
With Shared Ownership you buy a percentage of the home’s overall value.You can buy between a 25% and 75% share to start with, and you must always buy the maximum you can afford. You pay rent on the share you don’t buy. The rent increases annually, but is always subsidised and is worked out using a percentage of the value of the share you don’t own.
If you’re looking to buy with Shared Ownership you’ll need a mortgage in the same way you would if you were buying on the open market. Shared Ownership mortgages are available from most mortgage lenders, who will lend to you if you have a 5% deposit or greater. This means that you could buy your dream home, in your dream area, without needing a big deposit or big salary.
Are you eligible?
There are two things to think about when looking into Shared Ownership:
• You must earn less than £80,000.
• You must be a first-time buyer, or no longer have your name attached to a house (if you are selling your home at the moment, speak to your provider, they will be able to advise you).
Particulars
Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined
To book your viewing contact Taunton Palmer Snell on .