Homes are delighted to present a Coach house apartment situated within the popular Oak Park development, available on the shared ownership scheme from 25%. Complete with a high end finish throughout, available to view now.
Each new home benefits from full fixtures and fittings and neutral décor throughout with the bonus of allocated parking. The site is located within walking distance to Liphook centre. Liphook village provides shops, pubs, cafes, golf courses and restaurants as well as doctors, dentists and Sainsburys and Co Op supermarkets. More facilities can be found in nearby towns such as Haslemere, Petersfield and Farnham. Liphook mainline station provides access to London and Portsmouth whilst the A3 nearby provides good links both north and south.
What is part buy, part rent?
Think of the scheme as a helping hand to get onto the property ladder. You buy a share in the property, and rent the rest from the housing association. This means that you have a mortgage (or buy with cash) for the share that you own, and you pay rent on the value of the property you don't. Most properties allow you to staircase (buy more of a share) in the property in the future quite easily - so you could own your property outright, depending on your financial circumstances, in the future!
Very few products survive 30 years virtually unchanged and remain so hugely popular and trusted, as Shared Ownership has done. Did you know...part buy, part rent isn't just for first time buyers! Everyone is welcome to apply, as long as you don't own another property and earn less than £80,000*
*please note limits may vary depending on the size of the property. If you own another property, you are welcome to apply, as long as your home is under offer.
How much will you have to buy?
You have to buy (get a mortgage for) at least the advertised share in the property. The exact amount you buy will be based on your monthly income, outgoings and deposit. This is decided by the panel financial advisor. He uses a special income test to make sure you can afford to purchase and live comfortably. The shares you do not purchase you rent from Vivid. The fee / rent for these shares are paid monthly to Vivid.
There are eligibility conditions for our homes. Shared Ownership is a government product that is there to help people purchase a home of their own. It is only there for those people who cant afford to do it on their own through the traditional mortgage route.
Internal images of the property are taken from another property from the same development to give an idea of finish.