Half Penny Meadows, Pendle Road, Clitheroe BB7 1LN

Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: 562 sqft

Key Features: • Shares available 10 - 75% • Desirable Location • Viewings Available • Modern Interior • Perfect for first time buyers

Location: • Nearest Station: Clitheroe Station • Distance to Station: 0.8003313524731073 miles

Agent Information: • Address: Half Penny Meadows, Pendle Road, Clitheroe BB7 1LN

Full Description: SHARED OWNERSHIP <br /> <br />This shared ownership apartment is a perfect opportunity for shared ownership customers, who are looking for their own home. The property comes with an allocated car parking space. <br /> <br />Stepping into your new home is one of the best and most exciting achievements in your life and Shared Ownership makes that ambition possible. You initially purchase a part share in a home through a mortgage and savings. You only need to buy as much as you can afford, usually a minimum of 10% and up to a maximum of 75%, and you pay a subsidised rent to us on the share that you don't own. The great thing about Shared Ownership is that you can buy a larger share of the property whenever you can afford it. The more you own, the less rent you pay. What's more, you can get started with a smaller deposit, because its calculated on the value of the share you buy. Shared Ownership provides you with the perfect opportunity to get your feet onto the property ladder. Even though you are only purchasing a share, it will definitely feel like your home since you are free to decorate and personalise it to your own taste. <br />Below we've listed some of the main qualifying criteria around your eligibility: <br /> <br />* Your household income is £80,000 a year or less <br />* You cannot afford all the deposit and mortgage payments for a home that meets your needs <br />* You're a first-time buyer or * You used to own a home, but cannot afford to buy one now or <br />* You own a home and want to move but cannot afford a new home suitable for your needs or * You're forming a new household - for example, after a relationship breakdown or <br />* You're an existing shared owner and want to move <br /> <br />This house is available to be purchased through Shared Ownership and below are some sample figures and available shares. Other combinations are available to suit your needs. <br /> <br />Full Market Value £150,000 <br />Service Charge of £93.68 per calendar month, this includes building insurance, management fee and sinking fund. <br /> <br />10% share at £15,000, Shared Ownership rent £309.38pcm <br />20% share at £30,000, Shared Ownership rent £275pcm <br />35% share at £52,500, Shared Ownership rent £223.44pcm <br />45% share at £67,500, Shared Ownership rent £189.06pcm <br />50% share at £75,000 Shared Ownership rent £171.88pcm <br />60% share at £90,000, Shared Ownership rent £137.50cm <br />70% share at £105,000, Shared Ownership rent at £103.13pcm <br />75% share at £112,500, Shared Ownership rent at £85.94pcm <br /> <br />Call/email for more information or to book a viewing.