25% Ownership also available
Recently constructed by Avant homes, this "Kilmington" house type would be an ideal property to get on the ladder. The traditional construction but modern design will appeal and the size and quality of the property will appeal to many. It has gas central heating via combi boiler and radiators, with double glazing throughout.
The accommodation comprises of an entrance vestibule with store, leading to the open plan kitchen diner. This room also features a utility cupboard under the stairs with plumbing for a washing machine. The kitchen itself features high gloss units with wooden effect worktops and some integrated appliances that comprise of a gas hob, sink with mixer tap, oven with separate grill and fridge freezer. There is a very generous sized cloakroom/wc and a living room at the rear of the property with bifold doors leading to the garden, and a media wall.
On the first floor there are three bedrooms - the master having fitted wardrobes and an ensuite shower room. the house bathroom completes the layout.
Externally, the house has a small front garden, off street parking for two cars on the block paved driveway and a family friendly garden to the rear.
Bradbury way is located towards the outskirts of Chilton and is well placed in terms of transport links as the A167 and A689 are close by providing easy connections to a number of the regions other towns making this property a great spot for any commuters. Chilton itself has a selection of local shops and amenities.
Agents notes:
For Buyers wanting to purchase 25% they will undergo required affordability and credit checks- for more information, please contact the office
Council Tax band B
Connected to Gas, Electricity, Water (Metered) and sewerage mains
Surface water and Flood risk - Very Low
BT & Sky Satellite and Cable TV available, Coverage for O2, EE and Vodaphone,
Estimated Speeds for Broadband - Standard 18MBPS, Superfast 80MBPS or Ultrafast 1000MBPS
Lease 125 years from 27/06/2019
For 25% ownership purchase Payment of £411 is payable monthly at the start of the month to the 75% owners - Heylo Housing - This includes rent,
Monthly Lease Managemenrt fee is £23.46 Buildings insurance £13.35 - A full copy of the lease is available from the office. If the property is bought for 100% ownership, then the property becomes Freehold and these payments are not needed to be paid
Key criteria are:
y Buyers must be at least 18 years old
y Buyers must have a total household income under £80,000
(£90,000 in London)
y Buyers must meet the Homes England affordability and sustainability
assessments (see the Homes England calculator guidance for
further information)
y Buyers are expected to use any savings and assets towards the purchase
of their home. This may mean selling assets such as bonds, shares, land
and any other financial investments.
y Buyers in receipt of benefits are eligible for shared ownership provided
they meet the Homes England affordability assessment (not all benefits
are eligible)
y Self-employed buyers must be able to provide 2-years evidence of
their income
6
Resales Guide for Estate Agents
y Buyers must purchase the maximum share they can reasonably afford within the
parameters of the Homes England calculator
y Shared owners must be first time buyers or do not own another property in the UK or any
other country or have a memorandum of sale for their existing property.
y Buyers must have good credit history and must not have the following (for more
information on acceptable credit for Home Reach please refer to the credit policy):
A mortgage or rent arrears
Other bad debts
County Court Judgements
y Buyers must have a minimum 5% deposit towards the share they are purchasing
y Buyers may retain a portion of their savings to cover the costs of purchase and moving
home (typically up to £5,000). This may include:
Legal fees
Stamp Duty Land Tax where applicable
Mortgage application fees
Valuation fees and any associated moving costs
7
Correct at time of publication - June 2023
Resales Guide for Estate Agents
Required Documents
In addition to an email or a form from yourself detailing the buyers’ full name (s), agreed sale
price, share being purchased, agreed share figures, proof of ID and address:
Documents required are:
y heylo’s privacy policy document – Email from an interested buyer that confirms their
understanding of our privacy policy and that it allows heylo to run hard credit checks. Our
credit pass/fail policy can be found on our website heylohousing.com. Buyers who fail the
credit check will not be able to proceed.
y IMA declaration form – Fully completed and signed by the broker. (A qualified IMA, as
required by Homes England).
y Homes England calculator in excel format completed by the broker.
y S106 or other eligibility requirements. We have noted any requirements we are aware of
on the application form, typical requirements may be that buyer must have connections to
the area (if applicable).
y Verification of Income Documents
3 Months’ pay slips with same employer and any probationary period completed
3 Months’ bank statements
Proof of savings/deposit (e.g. savings account statement. If gifted deposit, you may also
be required to provide evidence of the deposit on a benefactor’s bank statement)
Passport/Photo ID (full colour
2 Years company accounts and/or SA302 Returns (if self-employed or own more than
a 25% share in the company)
Credit Report
Applicants must be a UK tax payer
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