Railway Drive, Ripon HG4 1JA

RENT TO BUY About our 'Rent to Buy Scheme':

Rent to Buy is designed to ease the transition from renting to buying a home by providing a subsidised or intermediate rent for an initial letting period. The cheaper rent provides the opportunity to save towards a deposit to purchase.

Its important to note that if you are unable to purchase the property at the 5 year handover date which will be confirmed once we have taken handover or you don't want to purchase then you may be given notice by Yorkshire Housing to end your tenancy

* To be eligible you must have the intention of purchasing in the future.


* Household minimum earnings are RENT X 30.

* Be able to pass referencing checks (credit, employment and landlord).

* Applicants must be working at the time of the initial letting and either they have not previously owned their own home or they are returning to the market following a relationship breakdown. They must not be currently tied into a Mortgage at the point of tenancy commencement.

* The properties will be let on assured short-hold tenancies for a fixed term of up to 2 years. After this period the tenancy will become a rolling contract

* After an initial period of 6 months, you can terminate your tenancy at any time. You are required to provide 28 days written Notice.

* You have the right to apply to purchase this property five years after the date the property was handed over from the developer to Yorkshire Housing. This date will be provided within your tenancy agreement.

* Yorkshire Housing will only refuse to sell the property in "exceptional circumstances". An example of this would be if the property value at application stage is less than the value when Yorkshire Housing took handover from the developer.

* The property will be sold at full market Value. You will not be eligible for any reductions in sale price such as Right to Acquire.

* The Full Market Value will be determined by a RICS surveyor, you will be responsible for the cost of obtaining the valuation.

* Have the funds available for: one months' rent in advance, holding deposit (equivalent of one weeks rent) and a deposit (equivalent to one month's rent)


1. Deposit: Equal to 1 months rent.

2. Holding deposit: Equivalent to 1 weeks rent. The holding deposit will be added to your rent account soon after you have signed your tenancy agreement and will form part of your initial payment of rent.


 

PROPERTY DESCRIPTION Set over 2 floors this 3 bedroom home provides the ideal family home

With a separate living room to the front of the property the open plan kitchen/dining space to the rear has french doors leading to the private back garden. Also located downstairs is a separate W/C

As you head up to the first floor you will find 2 double bedrooms & 1 single. The master bedroom benefits from an ensuite with shower whilst the separate family bathroom has a bath

Outside the turfed garden also includes a shed and the driveway has space for 2-3 cars

The property also benefits from solar panels
 

ADDITIONAL INFORMATION Please note that rent for this property may change as we will complete a new valuation every 3 months until the property is let. This is done to ensure that the rent is 20% less than the current market value.

We have plots in house type 3 plot 23,4 & 5

Target available to let dates will be given in due course

These properties are still under construction so we have limited material to advertise. As the development progresses further photos will be taken & adverts updated

The postcode used is for advertisement purposes to show the location of the site as the postcodes for these homes are not registered yet

As these properties are still under construction we are unable to offer in person viewings 

HOW TO APPLY If you would like to register your interest in these homes then please send an enquiry through Rightmove.

You will then be contacted by one of the Yorkshire Housing Team with an application form to fill in