Frawley Avenue, Newton-Le-Willows Shared Ownership £100,000

• 50% SHARED OWNERSHIP
• CORNER PLOT
• THREE BEDROOMS
• MODERN BUILD
• OVERLOOKING THE PLAYING FIELDS
• IDEAL FIRST PURCHASE
• DRIVEWAY PARKING

Available for 50% shared ownership, this is your opportunity to get on the property ladder in Newton Le Willows. This modern, three bedroom semi-detached family home occupies a great spot on a corner plot, overlooking the fields and children's play park. Additional notable features are the driveway parking, the handy utility room and good sized rear garden, offering plenty of potential to the keen gardener or as a space for family entertaining. SHARED OWNERSHIP INFORMATION - Potential purchasers must complete and application form with the Help to Buy Agent to ensure that they meet the criteria for shared ownership. This can be done online at https://www.gov.uk/shared-ownership-scheme/who-can-apply - Potential purchasers will also need to complete an affordability assessment with Torus before the sale is agreed, to ensure that monthly mortgage and rent payments do not exceed 45% of the applicant's net monthly income (including regular overtime payments, bonuses and any state benefits). - Torus has to approve all mortgage offers as part of the purchase process. They will normally only approve mortgages where the secured borrowing does not exceed 95% of the value of the property. They will not normally approve 100% mortgages. - Shared ownership properties cannot be sold to someone who does not intend for it to be their main and principal home, nor can they be sub-let. - This property is available for a 50% share, with a monthly rent of £232.83. You'll received a worked example after a financial assessment. Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord. - In addition to the rent, the monthly payment to the landlord include a service charge of £9.58. - To assess your eligibility, you'll need to register with Torus: https://www.torushomes.co.uk/shared-ownership-application/ - You can apply to buy the home is both of the following apply: 1. Your household income is £80,000 or less, 2. 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: 1. You're a first time buyer, 2. You used to own a home but cannot afford to buy one now, 3. You're forming a new household, for example, after a relationship breakdown, 4. You're an existing shared owner and you want to move, 5. 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. KEY PROPERTY INFORMATION: Key information: - connected to mains water? yes - connected to mains sewer? yes - connected to mains electricity? yes - connected to mains gas? yes - heating type: gas central heating - construction type: brick - broadband connection: yes - mobile signal / coverage: yes, good - parking: driveway (2 cars) - flood risk (if known): unknown - flooded in last 5 years? no - restrictive covenants: unknown (tbc) - listed property?: no - area of outstanding natural beauty / conservation area?: no - private rights of way?: unknown (tbc) - public rights of way?: unknown (tbc) - existing planning permissions? no - planned local developments nearby? no - step free access? yes - wet room / level access shower? no - wheelchair accessible doors? no