Moorfield Park, Poulton-Le-Fylde, Lancashire, FY6

Shared Ownership presents a unique opportunity to embark on your homeownership journey with ease and affordability. If you've dreamed of owning your own home but have been held back by steep property prices, Shared Ownership is the perfect solution. It enables you to purchase a share of your dream home, reducing the initial financial burden and opening doors to a more secure future.
How much will this cost?

Full Market Cost: £175,000
25% Share - £43,750
Rent - £360.94
5% Deposit - £2,187.50
50% Share - £87,500
Rent - £240.63
5% Deposit - £4,375
75% Share - £131,250
Rent - £120.31
5% Deposit - £6,562

Moorfield Park in Poulton-Le-Fylde offers a fantastic living experience. The local area is brimming with amenities, including vibrant restaurants, shops, and excellent schools, making it a perfect place for families. You'll enjoy picturesque parks, ideal for leisurely strolls, and easy access to Poulton-Le-Fylde Train Station for smooth commuting. Whether you seek local entertainment, beautiful green spaces, or great schools, Poulton-Le-Fylde has it all.
For more details and to start your journey towards Shared Ownership in Moorfield Park, please contact the friendly team at Entwistle Green Estate Agents. Give them a call at or visit their website at entwistlegreen.co.uk. Your dream home in Poulton-Le-Fylde awaits!
WHAT IS SHARED OWNERSHIP?
Shared Ownership is a government-backed scheme that has been around for more than 35 years and has helped over 200,000 people buy a home.
WHY BUY SHARED OWNERSHIP?
Shared Ownership is the perfect way to get on to the housing ladder if your finances mean that your housing needs and your current situation don’t quite match. Better still, it’s usually cheaper than renting.
HOW DOES IT WORK?
With Shared Ownership you buy a percentage of the home’s overall value.You can buy between a 25% and 75% share
to start with, and you must always buy the maximum you can afford. You pay rent on the share you don’t buy. The rent increases annually, but is always subsidised and is worked out using a percentage of the value of the share you don’t own.
If you’re looking to buy with Shared Ownership you’ll need a mortgage in the same way you would if you were buying
on the open market. Shared Ownership mortgages are available from most mortgage lenders, who will lend to you if
you have a 5% deposit or greater. This means that you could buy your dream home, in your dream area, without needing
a big deposit or big salary.
ARE YOU ELIGIBLE?
There are two things to think about when looking into Shared Ownership:
• You must earn less than £80,000.
• You must be a first-time buyer, or no
longer have your name attached to a house (if you are selling your home at the moment, speak to your provider,
they will be able to advise you).