5 Willow Wood Way, Stainsacre
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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Key features
- 25% Shared Ownership Property
- Semi-Detached House with a Garden
- Kitchen/Diner with French Doors
- 3 Bedrooms, Bathroom & Downstairs WC
- Gas Central Heating & Double-Glazing
- South-Facing Garden with Patio
- Bordered by Fields & The Cinder Path
- Buyers need to be Qualified by Sanctuary
- 99 Year Lease from March 2013
Description
Shared ownership properties are intended to provide accommodation for people in housing need, for first time buyers or for those who wish to get onto the property ladder and the criteria for applicants are as follows:-
- The buyer is in need of accommodation.
- The buyer’s income is sufficient to purchase the property and is adequate to meet its future outgoings.
- The buyer must not own another property. If they do, they must either sell the property prior to or simultaneously to the purchase of your property
- This property is subject to a s106 Agreement in place.
The buyer must have a local connection, this means being:
(i) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years immediately prior to occupying the shared ownership property or
(ii) Ordinarily resident or in full time employment (main or sole employment being for more than 32 hours per week) in the relevant geographical area for at least five years within the last ten years immediately prior to occupying the shared ownership property
(iii) Having a close family connection (parents, children or siblings) who have been ordinarily resident within the relevant geographical area for at least five years immediately prior to occupying the shared ownership property
(iv) Being a head of a household who or whose partner is in or who is taking up permanent full time employment (main or sole employment being for more than 32 hours per week) in an already established business within the relevant geographical area.
The buyer will need to complete the application form and return with:-
- Copies of last 3 months pay slips or pension payments (if applicable).
- Copies of last 3 months bank statements.
- Proof of savings and any loans and outstanding balances (if applicable)
- A copy of the mortgage illustration showing the amount being borrowed, the interest rate and monthly repayment. Please note formal approval will not be given until we have seen a copy of the official mortgage offer
- Evidence to confirm that the s106 criteria has been adhered to in respect of the local connection
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
5 Willow Wood Way, Stainsacre
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Visit our security centre to find out moreDisclaimer - Property reference 59346. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hope & Braim Estate Agents, Whitby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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