SHARED OWNERSHIP – This price is based on purchasing the minimum 25% share in a 2 bed apartment at 66,250with a full market value of 265,000, with an initial monthly rent of 455.47pcm to pay on the 75% share you don’t own.
Please note the following:
* Eligiblity conditions apply
* Local applicants may have priority for this scheme
* Service charge estimate is £80.17
* The 25% example above shows the minimum share available. Applicants will be means tested to confirm the share they purchase and are required to purchase the maximum affordable %
* Successful applicants will have a maximum of 28 days ** to exchange contracts following VIVID’s solicitor issuing the contract pack. You must then complete on the purchase within a maximum 5 days of either exchange of contracts or following handover from the developer.
* Prices & projected handover dates are for guidance only and are subject to change. ** or if all legal paperwork and the mortgage offer is in you must complete the sale.