Chaffinch Way, Bodicote, OX15

Due to the number of viewings and asking price offers we will now be inviting best offers by the end of Monday December 2nd.??

40% Shared Ownership ?108,000 - Longford Park - 100% purchase option ?270,000.

This semi-detached property with driveway parking has a large sitting room then a kitchen diner leading to the enclosed and larger than average garden.??

Upstairs are two double rooms with the master bedroom having a small office area partitioned off.? The bathroom has bath with shower over and is fully tiles above the bath to the ceiling.

The enclosed rear garden is well kept and attractive.

This property is extremely well presented and offers an amazing way to get on the housing ladder for an affordable price.? There are options to step up ownership over time or indeed purchase now for 100% ownership at ?270,000 or as shared ownership 40% at ?108,000 - fixed price following RICS valuation.

If you buy a 40% share, the share purchase price will be
fixed price of ?108,000.00 and the rent will be ?472.79 a month.

Your annual rent is calculated in line with the property
lease and annual rent review.

In addition to the rent above of ?472.79?the monthly payment to the
landlord includes service charge to include?Buildings insurance ?11.46 pcm.

Under a shared ownership lease, you pay for a percentage
share of the market value of a home. You enter into a
lease agreement with the landlord and agree to pay rent to
the landlord on the remaining share.

You will also have to qualify for the shared ownership scheme with some restrictions as follows:

Eligibility

You can apply to buy the home if both of the following apply:

• your household income is ?80,000 or less

• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

?

One of the following must also be true:

• you're a first-time buyer

• you used to own a home but cannot afford to buy one now

• you're forming a new household - for example, after a relationship breakdown

• you're an existing shared owner, and you want to move

• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase. As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Following a viewing if you wish to make an offer then there is a process:

1. Return of shared ownership application form.
2. The finance company will receive a referral from bpha for them to undertake a full qualification.
3. Full qualification is confirmation of eligibility, affordability, and sustainability for the shared ownership property. The financial advisors will also undertake bpha's due diligence checks on identity.

*Clean Credit Search -Defaults/County Court Judgements/Delinquent - Please note that any unsatisfied defaults or CCJ's will prevent us from being able to take any application further. A credit check will be completed for every customer who is successfully proceeding with a property and is done at the point of referral to an independent financial advisor we work alongside.?