***SHARED OWNERSHIP***VILLAGE LOCATION***TWO BEDROOM HOUSE***CALL NOW FOR DETAILS***
Bakers Field is an exciting and exclusive new development of just 15 two, three and four bedroom houses situated in the idyllic village location of Brent Knoll. This two bedroom terraced home offers a living room, kitchen/diner, downstairs w.c, two bedrooms and bathroom. Outside there is allocated parking. The village has a wide range of amenities such as a primary school, church and pub within walking distance. With an anticipated completion date of Spring 2021, these high-quality homes ensure attention to every detail from specification and design through to the build process. Call now for more information.
All Sizes Are Approximate The Accommodation Comprises:
16' 6'' x 11' 1'' reducing to 10' 4" min (5.03m x 3.38m reducing to 3.15m)
16' 8'' x 14' 0'' (5.08m x 4.26m)
5' 8'' x 3' 3'' (1.73m x 0.99m)
14' 0'' x 9' 3'' (4.26m x 2.82m)
16' 8'' reducing to 11' 7" min x 13' 3'' (5.08m reducing to 3.53m x 4.04m)
7' 11'' x 6' 3'' (2.41m x 1.90m)
Management/Service charges estimated to be in the region of £494.00 per annum.
Apportioned Rent: £250.00 PCM
Our appraisal for this site was based on 2.5% of unsold equity per property per annum.
Shared ownership eligibility:
There are some general eligibility requirements that anyone wishing to buy a shared ownership home must meet. The general eligibility criteria for shared ownership is as follows:-
1) You must be at least 18 years old
2) Your annual household income must be less
than £80,000 per annum
3) You should be registered with Help to Buy
4) You should be registered with Homefinder
5) You should generally be a first time buyer i.e.
you do not already own a home. If you do
already own a home, you must be in the
process of selling that property.
6) You should not be able to afford to buy a
home suitable for your housing needs on the
7) You must show that you are not in mortgage
or rent arrears.
8) You must be able to demonstrate that you
have a good credit history (No bad debts or
country court judgements) and can afford
the regular payments and costs involved in
buying a home.
Where possible priority will be given to those with a local connection to Brent Knoll.
You should have savings or be able to easily access at least £4000.00 to cover the cost of buying a home. This is a guide line figure - the actual amount you need will depend on the help to buy option you choose.
In most cases you will also need to have enough savings to be able to easily access a minimum 5% of the equity share you are buying as a deposit.
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Stamp Duty Calculator
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Based on property / land value of Shared Ownership For 50% Share £120,000 there will be an approx of £ Stamp Duty due.
less than £500k
£125k to £250k
Above £500k to £925k
£925,001 - £1,500,000
Over £1.5 million
If a property is greater than £500,000 you are not eligable for Stamp Duty relief
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Prices correct as of 8th July 2020 - 31st March 2021
We routinely refer potential sellers and purchasers to Gibbins Richards Conveyancing – a panel of local law firms. It is their decision whether they choose a law firm from the panel. In making that decision, it should be known that we receive a payment benefit of £150.00 per transaction. We routinely refer sellers and purchasers to the Mortgage Advice Bureau (MAB) for mortgage advice. It is their decision whether to use these services. In making that decision, it should be known that we receive a payment benefit of £180.00 per case.