Pathfinders Drive, Lancaster, Lancashire LA1 5FG

Shared Ownership - 3 Bedroom Semi-Detached House with Private Parking - (up to 75% share available)

Plot 37 - The Brathay
£315,000 (£157,500 50% share of open market value)

This fantastic semi-detached three bedroom house offers an entrance hall, good size lounge, cloakroom and useful storage cupboard. The kitchen comes complete with dining area and access to the private patio and enclosed rear garden. The first floor has three good sized bedrooms, luxurious family bathroom, with the master bedroom featuring an en-suite shower room and storage cupboard.


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Home Reach, Shared Ownership
Apply now for an affordable new home being sold on a shared ownership basis through Home Reach - up to 75% shares available. 75% is the maximum initial share. Rent payable on the remaining share.

ELIGIBILITY:
- A local connection restriction applies, for more information contact our Sales Advisor Amanda Davenport on .
- All applicants to apply to Oakmere Homes who will assess your eligibility for a shared ownership property, for more information call Amanda Davenport on .
- Your income and capital will be subject to a means test.
- Applicants who can afford open market prices need not apply.

HOW TO APPLY:
- You must complete a 'Shared Ownership' application form. These are available from Oakmere Homes Sales Office located at Ashton Meadows development or call Oakmere on .
- Should there be more eligible applicants than properties available priority will be given to those who have previously registered an interest via our website and who are in a position to proceed.

How Does Home Reach, shared ownership work?
Home Reach allows you to buy an initial share in a new home, up to 75% shares available depending on what you can afford. heylo will own the share you do not purchase, this remaining share is subject to rent which is payable monthly to heylo via direct debit.

Ownership Example (illustrated cost only) *
Buy 50% share of the open market value
>Property Price £250,000
>50% Share Value £125,000 (Mortgage: £118,750 / 5% Deposit £6,250)
>50% Rent on remaining share £230.00 per month
>Household income required: £39,159 this is based off a 6% mortgage rate, 2.75% rent and £55 added costs per month.

* figures above are based on 2.75% rent and will be subject to a Building Insurance payment, amount to be confirmed. All shared ownership properties are sold leasehold, if you staircase to 100% the shared ownership lease will fall away and the property will revert back to freehold**.

Management charges of £330.00 pa apply. You must satisfy the eligibility criteria outlined above to qualify. For more details, please speak to a Sales Advisor.

heylo admin fee £282.24/£23.52 pm - Building Insurance between £80-140 pa

This scheme allows you to buy a share in a home today with the option to buy more of it in the future so you can eventually 'staircase' to 100% ownership.

**Tenure: Freehold will be handed across where possible. Council Tax Band: Brathay Estimated Band C/D

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Please note: The images shown are for illustration purposes only. Whilst every care is taken to ensure accuracy of information, we cannot take responsibility for any error or misdescription and we reserve the right to alter or amend designs and specifications without prior notice. The information contained herein is for guidance only and does not form part of any contract or warranty. External finishes may vary from those shown and any dimensions given are approximate and sizes may vary from those indicated. Please speak to our New Homes Advisor for more information.