Semi-detached house for sale in Cross Close, Ruddington, Nottingham NG11

Shared ownership 75 % share - £208,125
Full Price £277,500

plot 84
plot 85

Benjamins in partnership with Longhurst Group, welcome to the market this two bedroom shared ownership new build on the outskirts of the beautiful village of Ruddington in South Nottinghamshire.

In brief; the property consists of entrance porch, leading to the living room with full fibre ultrafast broadband, kitchen fitted with beautiful wall and base units, downstairs WC fit with a two piece suite. Stairs to first floor accommodation is the master bedroom, second bedroom and family bathroom fit with a three piece suite. Private rear garden is mainly laid to lawn with a patio area, outside tap and access via back gate.

Situated on a quiet cul-de-sac set back from the main road in the highly regarded South Nottinghamshire village of Ruddington, the property is within easy reach of a wealth of excellent local facilities including shops, schools, a doctors surgery and country park.

To enquire please call Benjamins on .

Shared Ownership

2 & 3 Cross Close (The Scotsman)
2 Bedroom Semi Detached House

Example

£124,875 for a 45% share
Monthly Rent on remaining share £396.99 (inc charges)

£138,750 for a 50% share
Monthly Rent on remaining share £365.19 (inc charges)

£208,125 for a 75% share
Monthly Rent on remaining share £206.20 (inc charges)

*Rental figure includes buildings insurance and management company charges.

Available now to reserve.
Other shares can be purchased subject to an affordability assessment.

What Is Shared Ownership?

Shared Ownership is a great way for you to get a foot on the property ladder if you cannott afford to buy a home outright on the open market.
It can take away the pressure of having to save for a high deposit or having to make large mortgage repayments.

Essentially, it means you will be buying a share of your home, up to 75 percent - and paying an affordable rent on the remainder.

For example, if you were to buy 50 percent share of a home worth £300,000, this could be a five percent deposit of £7,500 and a mortgage of £142,500 on the remaining 45 percent, you will then only pay an affordable rent on the remaining 50 percent share. The rent that you will pay will also include buildings insurance and management company charges, if applicable.

Deposits for Shared Ownership properties could start from as little as five percent. If you get a mortgage on your share of the property, your mortgage is based on the percentage share you own.

This means you get the home that you want, at an affordable price and through a monthly repayment that iss achievable.

Eligibility

You can buy a home through shared ownership if both of the following are true:

- your household income is £80,000 a year or less (£90,000 a year or less in London)
- you cannot afford all of the deposit and mortgage payments for a home that meets your needs
.
One of the following must also be true:
- you are a first-time buyer
- you used to own a home but cannot afford to buy one now
- you are forming a new household - for example, after a relationship breakdown
- you are an existing shared owner, and you want to move
- you own a home and want to move but cannot afford a new home that meets your needs

For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.

Longhurst Group

The Longhurst Group are of the largest housing groups in the Midlands and East of England, we own and manage more than 24,000 homes and deliver a wide range of care and support, specialist housing and home ownership services