Clifford Gardens, Skipton, North Yorkshire

Shared Ownership

This brand new home is available to buy from as little as £114,750 with a 50% share!

Wyvern Park is located in the much sought after semi-rural location of Skipton and benefits from the natural beauty of Yorkshire’s countryside. As the southern gateway to the magnificent Yorkshire Dales, people travel the length and breadth of the country to visit the charming market town of Skipton.

Skipton’s famous 900 year old castle is one of the most complete and best preserved medieval castles in England, the market town also boasts a romantic ruined priory and is endlessly rich both in history and outstanding natural beauty. The town also boasts many pubs, cafés and shops along with a vibrant night life and some world-famous festivals such as Yarndale and the Skipton Puppet Festival.

These stunning energy efficient homes are constructed to the highest specifications and provide quality, contemporary living. Each one of these properties has a landscaped garden and off-road parking. With families at their heart, these impressive homes boast a spacious lounge to the front, and a modern fitted kitchen/dining room to the rear, with French doors to the garden that flood the home with light. In addition, each property benefits from a downstairs w/c.

The first floor in each home has a contemporary three piece bathroom suite and 2 well proportioned double bedrooms. All this is complemented by EV charger, gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.

PRICING & AFFORDABILITY

Full Market Value: £229,500

25% Share Price: £57,375 (rent £394.46pcm)
50% Share Price: £114,750 (rent £262.97pcm)
75% Share Price: £172,125 (rent £131.48pcm)

Minimum 5% Mortgage Deposit (25% share): £2,869
Approximate Service Charges: £37.86 pcm*
Shared Ownership Lease: 999 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Wyvern Park you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

This scheme requires a local area connection in order to be eligible, this would be in the form of:

• Have resided in the area for 3 out of 5 years or
• Have previously resided in the search area for a period of 20 years or if less than 20 years, have of that person lifetime subject to a minimum of 10 years residence or
• Have immediate family (mother, father, sister or brother, son or daughter) that live in the search area for continuous period of at least 5 years or
• Are in employment with a company or organisation based with the search area and established for at least 3 years and such employment to be at least 16 hours each week for a minimum of 12 months or an offer of such employment

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.