£2,5000 towards legal fee’s and moving costs *
A great opportunity to move into a fabulous brand new 1 bedroom maisonette now available at Lambert Fields on a Shared Ownership basis with Sage Housing.
This home has a full market value of £162,500 and is available to buy with a deposit of just £3,250*. (*Deposit shown is based on purchasing a 40% share with a minimum 5% deposit).
About the area - Stamford is a delightful Georgian Market Town often voted as one of the top 10 places in the country in which to live.
It offers excellent facilities including individual shops and boutiques, several major supermarkets, a vast choice of cafes, wine bars, pubs, hotels and restaurants, an Art Centre and Cinema, Leisure Centre, Train Station with regular daily services between Birmingham and Stansted Airport via Peterborough (London Kings Cross approx 1 hour). It is ideally located with easy access to the A1 with onward links to the major motorway network.
About the home - This first floor maisonette comprises of a downstairs entrance with lobby area to store coats/shoes/bike. This leads up to a landing area. To the right there is a large contemporary open plan kitchen, living, dining room. To the left of the landing area there is one large double bedroom and shower room. There is also an allocated off-street parking space to the side of plot 415.
Kitchen/Lounge/Dining 6.20m x 4.07m (20’4” x 13’4”)
Bedroom One 5.18m x 2.91m (16’11” x 9’6”)
Pricing and Affordability - The share options below are based on the full market value of £162,500
40% share (£65,000) Rent (£223.44)
50% share (£81,250) Rent (£186.20)
75% share (£121,875) Rent (£93.10)
There is a service charge of approximately £46.10 per month.
Shared Ownership - The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller payment upfront. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the part you did not purchase. The combined mortgage and rent is usually less than you would expect to pay if you bought a similar property outright.
At Lamberts Place you can buy a minimum of 40% share of your home (the maximum you can buy initially is 75%). When you are ready, you can buy more shares until you staircase to owning 100% of your home.
*T’s & C’s -
£2,5000 towards legal fee’s and moving costs is reimbursed on completion of
contracts. You must use a Sage Panel Solicitor to qualify for this incentive
and completion of contracts take place by no later than 31st May
The SO Hub are selling the homes on the Lamberts Place development on behalf of Sage Housing. Sage Housing is a registered provider committed to providing high quality affordable homes across England.
*T’s & C’s - £2,5000 towards legal fee’s and moving costs is reimbursed on completion of contracts. You must use a Sage Panel Solicitor to qualify for this incentive and completion of contracts take place by no later than 31st May 2021. Read more