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- Scheme
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Scheme Details
Scheme Details
Able Quay Millharbour
Sunflower is the new brand for shared ownership homes by iProperty. Sunflower aims to improve understanding, change perception and increase awareness of shared ownership and break down the barriers to home ownership.
Register Now - a three bedroom family home as well as one and two bedroom apartments (with parking).
Bishop's Stortford CM23 1EL
- From: £96,000 for a 40% share
- Minimum Deposit From £4,800
- Bedrooms: 1 - 3
Overview
Register Now - a three bedroom family home as well as one and two bedroom apartments (with parking).
Hazel Bourne is located near the historic Market Town of Bishop’s Stortford on the edge of the beautiful Hertfordshire countryside, close to the M11 and within easy reach of Stansted Airport. With a choice of family homes and apartment living, this is an ideal place to make a home.
All Enquiries
0300 123 4567
Shared.Ownership@iProperty .com
Please note:
All images displayed throughout are examples of previous iProperty developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.
These prices are to be used as a guideline only as they may change.
Local Area Information
Bishop's Stortford is a historic market town in situated in rural Hertfordshire, on the border with the county of Essex.
It is a popular and bustling town and benefits from a good range of recreational facilities and amenities including a golf club, swimming pool, cinema, rugby, football and cricket clubs, theatre and restaurants and a good range of national high street stores and independent shops.
In addition, the historic National Trust owned Hatfield Forest lies within the heart of this area and offers 1,000 acres of pasture and woodland to explore.
For commuters, Bishop's Stortford station which provides frequent direct train services to London Liverpool Street and Stansted International Airport and the town is well connected to the national road network as there is easy access to the M11.
Eligibility
Applicants need to live and/or work in the East Hertfordshire District local authority area or have a strong local connection to this District.
What is Shared Ownership?
Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under most Shared Ownership schemes, you buy a share of between 25% and 75% of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.
You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.
Am I eligible?
There are certain conditions to be eligible for a Shared Ownership property:
• Your annual household income must be no more than £80,000 (for London boroughs this is £90,000).
• You must be unable to purchase a home suitable for your needs without assistance.
• In many cases, you must be able to demonstrate a connection to the local area of the development.
• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
• You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.
If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property.
