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Management charge – £71.00
Insurance charge- £21.40
Service charge - £142.63
PLEASE REFER TO KEY INFORMATION DOCUMENT ABOUT THE HOME
This is a discount for sale property. Discount for sale is an affordable home ownership scheme where 100% of the property is purchased at a discounted rated - in this case the purchaser pays 80% of the open market value. The purchaser(s) would be considered as 100% owner(s) and therefore no rent is payable to Home Group and staircasing is not applicable. The discount is locked into the property and is always passed on to future buyers. Discount for sale is different to shared ownership and share equity schemes.
You can apply to buy the home if both of the following apply:-
- Your household income is £80,000 or less
- You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:-
- You're a first-time buyer
- You used to own a home but cannot afford to buy one now
- You're forming a new household - for example, after a relationship breakdown
- You're an existing discount for sale owner, and you want to move
- You own a home and want to move but cannot afford a new home for your needs*
* If you own a home, you must have completed the sale of the home on or before the date you complete your discount for sale purchase.
You must have a good credit record. Your application will involve an assessment of your finances by The Mortgage People.