Western Expansion Bovis E
Western Expansion is a new development. We have 2 & 3 bedroom houses available on the popular shared ownership scheme.
- White bathroom suite with thermostatic shower.
- Carpet throughout living area.
- Oven and hob, washer drier and fridge freezer.
- Gas central heating.
- 2 Allocated parking spaces
- Enclosed garden with turf and shed
WHAT IS SHARED OWNERSHIP?
Shared ownership properties are sold through housing associations. You purchase a share between 25% and 75% of the property using a deposit and mortgage.
Shared ownership properties are leasehold properties, meaning you will own the lease on them for a fixed period of time, typically 125 years. You pay a subsidised rent on the share you do not own as well as a service charge for the property, which is usually charged on a monthly basis.
Please note, to be eligible for the Shared Ownership Scheme, your household income cannot exceed the maximum household income of £80,000. There is also a currently a local criteria.
There are certain criteria you need to meet in order to be eligible to purchase a property on a shared ownership basis.