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Shared ownership Three bedroom end terrace house available to purchase from a 50% share at £130,000 with a deposit of £6.500. Maximum amount available to purchase initially is 50%. Full market value £260,000. A great opportunity to get onto the property ladder and live in this contemporary spacious three bedroom house.
Right on the edge of Swaffham, at the point where town life gives way to the open fields of the countryside, the beautiful new collection of homes at Buttercross Place offers a great place to put down roots at an affordable price. Swaffham itself is one of Norfolk’s most famous and attractive towns with a history that goes back to the Middle Ages. The market square is surrounded by elegant Georgian buildings and features the striking Butter Cross dome with a statue of the Greek Goddess of grain sitting on top. Swaffham hosts a popular market and auction where you can find everything from fresh fish, vegetables and poultry to trinkets, antiques and household goods. There’s also a great choice of shops, restaurants, cafés and pubs.
Legal & General Affordable Homes is offering a unique opportunity to live at Broadland Fields through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is required to buy outright or with other buying schemes.
Financial Breakdown
Full market value: £260,000
50% share value: £130,000
5% deposit: £6,500
Rent charged on unowned share : 2.75%
Rent on unowned share (50%) : £297.92 per month
What is Shared Ownership?
If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 50%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
About Legal and General Affordable Homes
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing. The photos are represenatative of a show home and the property will not be furnished.