Lucas Court, Alder House, Leamington Spa

James Whalley is proud to present this well-presented one bedroom first floor apartment to the market, offered with no onward chain.

Upon entering, you are welcomed by an entrance hall with a useful storage cupboard, leading through to a spacious main bedroom benefiting from built-in storage, a modern bathroom, and a bright living area with an open plan kitchen space, ideal for modern living.

Externally, the property benefits from its own allocated parking space and is situated within a highly desirable residential location.

Please refer to the full advert for detailed lease information.

This property is advertised on a 75% shared ownership basis through the shared ownership scheme.

Shared Ownership Eligibility Criteria:

* Buyers must be at least 18 years old
* Total household income must be under £80,000 per year (£90,000 in London)
* Buyers must complete an assessment with one of Heylo Housing’s panel mortgage advisors
* Applicants are expected to use available savings and assets towards the purchase
* Buyers receiving benefits may still be eligible, subject to affordability assessment
* Self-employed applicants must provide a minimum of two years’ proof of income
* Buyers must purchase the maximum share they can reasonably afford
* Household income must exceed £12,000 per year
* A minimum 5% deposit is required towards the share being purchased

Shared Ownership buyers must also:

* Be first-time buyers, or
* Be in the process of selling a property that is no longer suitable for their housing needs, or
* Own a non-residential property that provides their main source of income

Applicants must have a good credit history and must not have:

* Mortgage or rent arrears
* Significant bad debts
* County Court Judgements (CCJs)

Buyers should also ensure they can cover associated purchasing and moving costs, including:

* Legal fees
* Stamp Duty Land Tax (where applicable)
* Mortgage application fees
* Valuation fees
* General moving costs