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Cox's Lane, Mansfield Woodhouse

Cox's Lane
Cox's Lane, Mansfield Woodhouse
End of Terrace
Mansfield Woodhouse
3
£87,500.00
**NEW SHARED OWNERSHIP HOMES AVAILABLE FROM SUMMER 2020** **PRICE IS FOR 50% SHARE**
50% Shared Ownership End Terrace Property for £87,500.
Monthly rent on remaining share is £200.52. There will be a monthly service charge to pay, ask sales advisor for details. There is no ground rent to pay.

Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. You can purchase between 50% and 75%. Usually, you can also carry on buying shares, to own it 100%.

Households earning less than £80,000 a year, first time buyers and previous homeowners who need help to buy are eligible to apply.
Priority to applicants with a local connection who live or work in the District of Mansfield

How to Apply

If you would like to apply, please complete an application form for Shared Ownership through Help to Buy Midlands and London. You can do this by visiting their website and selecting 'Apply'.

Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 50 - 75%. If your application is successful a non-refundable reservation fee of £500 is required to reserve your new home, this amount goes towards you deposit on completion.

The properties are sold on a 125 year shared ownership lease.

House Specification:
• Gas central heating with combi boiler
• Vinyl flooring in kitchen, wc and bathroom
• BT open reach for broadband and phone – points in living room and Bed 1
• Kitchen cupboards Paula Rosa Denver range with worktop upstands
• Kitchen include integral electric oven, gas hop and stainless steel extractor hood
• Twin USB point to one socket in each room
• Shower over bath with glass shower screen
• Turf to front and rear gardens

Energy assessment
• Predicted Energy Assessment – B


50% Shared Ownership End Terrace Property for £87,500.
Monthly rent on remaining share is £200.52. There will be a monthly service charge to pay, ask sales advisor for details. There is no ground rent to pay.

Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell. 

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. You can purchase between 50% and 75%. Usually, you can also carry on buying shares, to own it 100%.
Households earning less than £80,000 a year, first time buyers and  previous homeowners who need help to buy are eligible to apply.
Priority to applicants with a local connection who live or work in the District of Mansfield

How to Apply

If you would like to apply, please complete an application form for Shared Ownership through Help to Buy Midlands and London. You can do this by visiting their website and selecting 'Apply'.

Your affordability will be assessed based on the information you provide on the application form.  NCHA will make an offer based on the amount you can afford, between 50 - 75%.  If your application is successful a non-refundable reservation fee of £500 is required to reserve your new home, this amount goes towards you deposit on completion.  
The properties are sold on a 125 year shared ownership lease. 

House Specification: 
• Gas central heating with combi boiler 
• Vinyl flooring in kitchen, wc and bathroom
• BT open reach for broadband and phone – points in living room and Bed 1
• Kitchen cupboards Paula Rosa Denver range with worktop upstands
• Kitchen include integral electric oven, gas hop and stainless steel extractor hood
• Twin USB point to one socket in each room 
• Shower over bath with glass shower screen
• Turf to front and rear gardens