Sold STC
5 Willow Wood Way, Stainsacre
£66,250 Fixed Price
Property Features
- 25% Shared Ownership Property
- Semi-Detached House with a Garden
- Kitchen/Diner with French Doors
- 3 Bedrooms, Bathroom & Downstairs WC
- Gas Central Heating & Double-Glazing
- South-Facing Garden with Patio
- Bordered by Fields & The Cinder Path
- Buyers need to be Qualified by Sanctuary
- 99 Year Lease from March 2013
Property Summary
Buyer(s) eligibility
Shared ownership properties are intended to provide accommodation for people in housing need, for first time buyers or for those who wish to get onto the property ladder and the criteria for applicants are as follows:-
The buyer must have a local connection, this means being:
(i) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years immediately prior to occupying the shared ownership property or
(ii) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years within the last ten years immediately prior to occupying the shared ownership property
(iii) Having a close family connection (parents, children or siblings) who have been ordinarily resident within the relevant geographical area for at least five years immediately prior to occupying the shared ownership property
(iv) Being a head of a household who or whose partner is in or who is taking up permanent full time employment (main or sole employment being for more than 32 hours per week) in an already established business within the relevant geographical area.
The buyer will need to complete the application form and return with:-
Shared ownership properties are intended to provide accommodation for people in housing need, for first time buyers or for those who wish to get onto the property ladder and the criteria for applicants are as follows:-
- The buyer is in need of accommodation.
- The buyer’s income is sufficient to purchase the property and is adequate to meet its future outgoings.
- The buyer must not own another property. If they do, they must either sell the property prior to or simultaneously to the purchase of your property
- This property is subject to a s106 Agreement in place.
The buyer must have a local connection, this means being:
(i) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years immediately prior to occupying the shared ownership property or
(ii) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years within the last ten years immediately prior to occupying the shared ownership property
(iii) Having a close family connection (parents, children or siblings) who have been ordinarily resident within the relevant geographical area for at least five years immediately prior to occupying the shared ownership property
(iv) Being a head of a household who or whose partner is in or who is taking up permanent full time employment (main or sole employment being for more than 32 hours per week) in an already established business within the relevant geographical area.
The buyer will need to complete the application form and return with:-
- Copies of last 3 months pay slips or pension payments (if applicable).
- Copies of last 3 months bank statements.
- Proof of savings and any loans and outstanding balances (if applicable)
- A copy of the mortgage illustration showing the amount being borrowed, the interest rate and monthly repayment. Please note formal approval will not be given until we have seen a copy of the official mortgage offer
- Evidence to confirm that the s106 criteria has been adhered to in respect of the local connection