Shared Ownership

This brand new home is available to buy from as little as £108,750 with a 25% share!

Poppy View offers a beautiful selection of Shared Ownership homes in the pretty market town of Saffron Walden. Each of these new homes has been to provide versatile living spaces that can suit many lifestyles. Spacious open plan interiors complimented with the town centre being just a mile from your door.

Saffron Walden is a market town that is as charming as it is historic, its picturesque streets lined with ancient architecture that reflects its rich heritage. A huge range of independent boutiques and cafés are just begging to be explored, each as individual as the next. Alternatively, the local market sells everything from fresh local produce to clothing and collectables.

Saffron Walden also benefits from excellent road and rail links. Audley End railway station is located eight minutes away and will take you direct to the beautiful streets of Cambridge in just 17 minutes or the buzz of London in 55 minutes. Alternatively, the M11, A11 and A120 provide excellent road connections, putting Stanstead Airport just 24 minutes away.

This brand new semi detached home features an open plan lounge/diner with a separate kitchen, ground floor cloakroom, three bedrooms, bathroom, parking and an enclosed rear garden.

PRICING & AFFORDABILITY

Approximate Size 1026 sq ft

Full Market Value: £435,000

25% Share Price: £108,750 (rent £747.66pcm)
50% Share Price: £217,500 (rent £498.44pcm)
75% Share Price: £326,250 (rent £249.22pcm)

Minimum 5% Mortgage Deposit (25% share): £5,438
Approximate Service Charges: £72.36
Shared Ownership Lease: 125 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Poppy View you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk.