We are pleased to offer four one bedroom apartments, in the idyllic village location of Ickleford situated on the edge of popular market town, Hitchin.
These new homes are available to purchase with shared ownership. You can purchase a minimum 40% share and rent the remaining share from us. You can even buy a higher share so you own more of your property. Shared ownership provides you with the security and freedom of owning your own home. Each apartment has it’s own private access with an allocated parking space. All apartments come with flooring throughout and a contemporary kitchen with white goods, so a few less things to worry about when it comes to moving in.
For as little as £724 per month
Yes, can own one of these great homes for as little as £724 per month*. Here's how it works:
Full purchase price: £210,000
You purchase a 40% share of £84,000 by obtaining a mortgage, or you can purchase your share with cash if you're unable to secure a mortgage. The minimum deposit required for a mortgage will be £4,200
You then pay a subsidised rent on the share you don’t own, along with a small service charge (see below).
You'll will also need about £2,000 in addition to your mortgage deposit, to cover the sales and legal costs involved in buying a home.
|Mortgage on the 40% you own||£421||Based on a 5% deposit of £4,200 and a mortgage interest rate of 4.99%|
|Subsidised rent on the remaining 60%||£289||Payable to settle who own the remaining share|
|Service charge||£15||This cost covers the maintenance of the communal grounds and your buildings insurance|
* this monthly cost is based on purchasing with a 5% deposit.
You can also choose to buy a higher share if you can afford to do so or you can purchase more shares in the future.