SHARED OWNERSHIP
Meadow Way
(Share Price (45%) - £146,250
Full Value Price £325,000
SHARED OWNERSHIP
Meadow Way
(Share Price (45%) - £146,250
Full Value Price £325,000
- Nearest Railway Station: Leighton Buzzard station
- Bus Routes Nearby: F70, F77, L3
The property comprises:
- Living/dining room: Spacious living/dining room with grey laminate flooring and floor-to-ceiling French windows leading into the private garden. Hallway is separate from living room.
- Kitchen: Black stone tile flooring, black laminate worktops with grey laminate units. Integrated appliances including fridge freezer and fan oven with gas hob.
- Bedroom one: Double bedroom with fitted wardrobe and cream carpeted flooring.
- Bedroom two: Double bedroom with cream carpeted flooring.
- Bathroom: White suite, cream tiles with partially tiled walls & painted walls. There is a large mirror and heated towel rail.
- Outside: Private parking and private garden.
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.
If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining lease term: 120 Years
- Annual service charge amount: £697.20
- Annual ground Rent: £0
- Ground rent review period: No ground rent to pay until final staircasing.
- Service charge review period: 1st April annually
- Council tax band: Band C
Financials*
Full Value
£325,000
Share Price
£146,250
Share Value
45%
Monthly Cost
£505
Monthly Rent
£447
Monthly Service Charge
£58
Minimum Household Income
£45,000
Maximum Household Income
£90,000
Deposit Required
£14,625
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
19 Meadow Way, Wing, Leighton Buzzard, Central Bedfordshire, LU7 0TG Open in Google Maps