Barnside, Hibaldstow, DN20

DISCOUNTED MARKET SALE - A stylish brand new semi-detached, stone fronted house situated centrally within the highly desirable village of Hibaldstow. The well appointed accommodation comes with an excellent specification and comprises, front entrance hallway, attractive fitted dining kitchen, cloakroom and a rear living room with access to a private garden. The first floor provides 2 double bedrooms and a bathroom. Front block paved driveway with an enclosed private rear garden. Finished with full double glazing and a gas fired central heating system being underfloor to the ground floor.

DISCOUNTED MARKET SALE Discounted market sales (DMS) is a low cost home ownership product where a new build property is purchased at a discounted price directly from the developer. The discount is usually around 20%, and the scheme is to help low and middle income earners get onto the property ladder. The discount is written into a covenant on the property and will remain in perpetuity through all subsequent sales. Unlike shared ownership, you do not have to pay rent on the remaining share of the property, as there is no remaining share. A purchaser buys the percentage of the property available after the discount (80%) and when the property is sold, it has to be sold at the same percentage of the market value at the time of sale. Applicants will need a mortgage and/or savings to cover the discounted price of the property. For example, if the property has an open market value of £100,000 then the discounted price is £80,000. The remaining 20% is held in perpetuity by North Lincolnshire Council. Qualifying Criteria Who can apply? • Applicants must have a local connection to North Lincolnshire (through family, employment or ordinary residency) and meet the eligibility criteria of the S106 Agreement. • Applicants must not be able to afford to buy a home suitable for their needs on the open market. • Must remain as the Applicant’s sole main residence and not be leased or rented out. • Must be over 18. • Is or are employed. • Has an account with a bank, building society or the Post Office. • Be a British National (or have indefinite leave to remain) • Applicants must have a joint income of no more than 3.5 times the property value. • Applicants must be able to provide evidence they are able to pay the deposit amount for the DMS property. • Applicants must produce a “Decision in Principle” letter from their mortgage lender. • Where a mortgage is not required, the Applicant must provide evidence of their means to finance the purchase through bank statements, which will be approved by the Strategic Housing Team. • Applicants must not be in mortgage or rent arrears or in breach of their current tenancy agreement. • Applicants must undertake their own credit search and produce the credit report to North Lincolnshire Council.

NOT TO BE MISSED. View via our Brigg office.

Kitchen

4.2m x 4.56m

Lounge

4.2m x 2.93m

Landing

1.88m x 1.88m

Bedroom 1

4.2m x 2.95m

Bedroom 2

4.2m x 2.55m

Bathroom

2.19m x 1.88m