Kestrel Fields, East Leake

Kestrel Fields, East Leake

Our Kestrel Fields development is ideally situated in East Leake a bustling Village located in the District of Nottingham but it's closest town is Loughborough, Leicestershire. There are a range of local primary and secondary schools, great transport links with local bus routes, road links to the A60, A6006 and within 5 Minutes of the M1. The properties will benefit from a 10 year NHBC warranty.

The Property

This 2 bedroom House briefly comprises of an Entrance Hall leading to Living Room, with the kitchen dining room to the rear. Downstairs benefits from a downstairs WC and storage. There are two double bedrooms with a family size bathroom with shower over bath. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.
These properties are due for build completion in April 2023- July 2023, we're therefore currently unable to offer viewings and will be accepting reservations off-plan.

Prices

Plots remaining 30 & 36

75% share- £180,000
Deposit of £9,000
Monthly rent £138

50% share- £120,000
Deposit of £6,000
Monthly rent- £275

35% share- £84,000
Deposit of- £4,200
Monthly rent- £358


Other shares can be purchased subject to an affordability assessment.
Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.


NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.


Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.
*Please note some images are typical and should be used as a guide only