Station Island, Wellingborough

SUMMARY
A selection of four bedroom homes available to purchase for Shared Ownership with Prices starting from £158,000 for a 40% share.


DESCRIPTION
ewater is proud to present 128 new homes at Station Island on the outskirts of the popular Northamptonshire market town of Wellingborough, 39 of which will be available through shared ownership. The initial collection of shared ownership homes on offer comprises two bedroom terraced and end-of-terrace houses and three-storey, four bedroom town houses. In keeping with the rest of the development each will feature modern energy efficiency measures including air source heat pumps and photovoltaic panels which are not only good for the environment but may also help to reduce energy bills.

Shared Ownership 
Sometimes known as ‘Part Rent, Part Buy’, Shared Ownership is a home ownership scheme that many housing associations offer. It allows you to buy a share of a property, subject to affordability and eligibility, and pay rent on the remainder.

The more of the property you own, the less rent you pay. You can increase your shares over time, known as “staircasing”, and on most leases where there aren’t any restrictions, you can work your way up to 100% ownership.

To qualify for shared ownership, you must:

• Be at least 18 years old
• Have an annual combined household income of less than £80,000 (£90,000 if you live in London)
• Be a first-time buyer or unable to afford a property that suits your needs on the open market
• Prove that you’re not in mortgage or rent arrears
• Demonstrate a good credit history with no County Court Judgments (CCJs)
• Be able to afford your mortgage repayments and rent

Assesment  
In order to be considered for an application at Station Island, please complete the following assesment on this link -


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.