- 1 Bedroom
- 1 Bathroom
A great one bedroom apartment offered on a 50% ownership scheme. This delightful one bedroom apartment is spacious and full of natural light throughout. The property comprises of a beautiful kitchen living room, a spacious double bedroom and bathroom with a shower over the bath. there is ample storage throughout the property. Externally the property benefits from a balcony off the living room which has a fantastic, colourful view. Further there is a secure bike storage. This perfect apartment is offered on a 50% ownership scheme.
Key information about the home There are variations of shared ownership models which have different features. The model of shared ownership may vary depending on: • what rules were in place at the time the home was funded or planning permission granted • where the home is located • whether the home is for a specific group of people The table below highlights the key features of common shared ownership schemes. The information in this document is for the standard model shared ownership. Shared ownership model Older model shared ownership Standard model shared ownership New model shared ownership Minimum initial share 25% 25% 10% Lease length Typically, leases were issued for 99 years from new Leases are for a minimum of 99 years from new but typically at least 125 years Leases will be for a minimum of 990 years from new Initial repair period No No Yes Buying more shares - minimum purchase 10% or 25% 10% 5% 1% share purchase No No Yes Landlord’s nomination period 8 weeks or 12 weeks 8 weeks 4 weeks When you are looking for shared ownership homes, you should always check the Key Information Document to see which model covers that specific home. When you buy a home through shared ownership, you enter into a shared ownership lease. The lease is a legal agreement between you (the ‘leaseholder’) and the landlord. It sets out the rights and responsibilities of both parties. Before committing to buy a shared ownership property, you should take independent legal and financial advice. This key information document is to help you decide if shared ownership is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. This document ‘Key information about the home’ is a summary and you should consider the information in ‘Summary of costs’ and ‘Guide to shared ownership’ before making a decision. This does not form part of the lease. You should carefully consider the information and the accompanying lease and discuss any issues with your legal adviser before signing the lease. Failure to pay your rent, service charge, or mortgage could mean your home is at risk of repossession. The costs in this document are the costs as at the date issued. These will increase (typically on an annual basis) and you should take financial advice on whether this will be sustainable for you This perfect apartment is offered on a 50% ownership scheme.
