Terraced house for saleSandhills Way, Branton, Doncaster
- NEW BUILD PROPERTY
- MID LINK PROPERTY
- LOUNGE \ DINING ROOM
- TWO BEDROOMS
- OFF STREET PARKING
- REAR GARDEN & WOODLAND VIEWS
- SHARED EQUITY HOME
*** SHARED EQUITY PROPERTY *** £97,500 REPRESENTS A 75% SHARE *** NO ADDITIONAL RENT PAID ***
Brand new affordable home delivered by Hellens Residential.
The village of Branton is ideal for setting up a family home or for young professionals, the village location is an easy commute with Doncaster just a few minutes drive away. The site itself has a rural feel and all the homes back onto woodlands and fields. Doncaster itself has a range of sporting, leisure, social and retail opportunities. Sheffield and the Meadowhall shopping centre are approximately 40 minutes away by road. Doncaster is situated on the A1(M) and M18 motorways. It is has close links to the East Coast Mainline and is just 18 minutes from the Robin Hood Airport. The property briefly comprises: Entrance hallway, lounge/dining room, kitchen and ground floor WC. To the first floor there are two bedrooms and a family bathroom\WC. Externally there is off street parking and a rear garden. Early viewing essential.
Accommodation Details -
Ground Floor Accommodation -
Entrance Hallway -
Lounge \ Dining Room - 4.27m.0.91mx3.96m.2.13m (14.3x13.7) -
Kitchen - 2.74m.3.05mx1.83m.2.44m (9.10x6.8) -
Cloakroom \ Wc -
First Floor Accommodation -
Bedroom One (Rear) - 3.96m.2.13mx2.74m.0.91m (13.7x9.3) -
Bedroom Two (Front) - 2.44m.2.13mx2.74m.2.74m (8.7x9.9) -
Bathroom \ Wc - 1.83m.2.13mx1.52m.2.13m (6.7x5.7) -
External Accommodation -
Fixtures And Fittings - Fixtures and fittings mentioned in these particulars are included in the sale. All others in the property are specifically excluded.
Photographs are reproduced for general information and it must not be inferred that any item is included for sale with the property.
Buying A Shared Equity Home - With shared equity you own 100% of the house as soon as you purchase the house.
On purchase you pay 75% of the value of the home (£97,500). You pay a deposit and get a mortgage as you need on that amount.
Hellens Residential then lends you the remaining 25% (£32,500). This is interest free for 10 years. You can pay off the entire loan over the 10 year period. There is no rent to pay.
About Your Shared Equity Offer
The shared equity mortgage scheme is offered to help customers afford to purchase a new home. This note is designed to help the purchasers understand directly how the shared equity scheme works.
Hellens Residential Limited agree to assist in the purchase by lending for 10 years 25% of the value of the property at the time of purchase. The purchase of the other 75% will be funded either wholly or partly by way of a mortgage. In consideration of the loan the purchaser agrees to enter into a second mortgage known as the shared equity mortgage which recognises that Hellens Residential Limited will have a 25% interest in the property. This will be secured by a sec-ond charge over the property. The mortgage lender will have a first charge over the property and the registration of those charges will be shown in that order on the legal title.
The amount of the loan will represent 25% of the purchase price.
Once you have signed the shared equity mortgage you do not need to make any repayments to Hellens Residential Limited until repayment is triggered, for example if:
A) You sell your home
B) You let your home without permission
C) 10 years has elapsed from the sate of the shared equity mortgage
D) You have breached the terms of the first mortgage on the property or the terms of the shared equity mortgage in favour of Hellens Residential Limited
E) Your home is compulsorily purchased or repossessed
F) You repay the first mortgage unless you replace it with another mortgage nwith Hellens Residential Limited per-mission.
In the event that the purchaser owns the property on the tenth anniversary of the mortgage and in the opinion of Hel-lens Residential Limited is unable to repay the second mortgage due to financial hardship then the dates to repay the charge may be extended for one year at a time up to a maximum date of no later than the fifteenth anniversary of the charge (i.e. an extra 5 years). The purchaser is not able to pay off only part of the charge but may elect to pay off the whole of the charge on notice to Hellens Residential Limited.
Hellens Residential Limited will take a second legal charge (a mortgage) over your home to protect its interest. Please take independent legal advice from your solicitor / conveyancer if you do not understand what this means or how the scheme works. By entering into this scheme you will not receive the full sale value of your property after repaying your first mortgage when you come to sell or when repayment to Hellens Residential Limited is otherwise triggered in ac-cordance with the provisions of the shared equity mortgage.
WARNING TO HOUSE-PURCHASERS
Buyers are warned that the content of this leaflet are working drawings and the contents may be subject to change at any time and alterations and variations can occur during the progress of the build process. As such the layout, form, content and dimensions of the finished construction may differ materially from those shown. Whilst we make every effort to ensure our drawings are up to date there may from time be time be an unavoidable delay in updating these due to changes in regulations and/or re-planning. The con-tents of the drawing/dimensions do not constitute a contract, part of any contract or warranty.
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