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    Perrinsfield

    Ref: RS248065
    • House
    • 3
    • Garden

    Key Features

    • 50% Shared Ownership
    • Semi – detached
    • Gas Central Heating
    • Paved Driveway
    • Rear Garden
    • Chain Free
    • Double Glazed

    Summary: 

    This 3 bedroom property is for sale using the Shared Ownership scheme.

    Shared Ownership is another way to buy your home. You buy a percentage and pay rent on the rest. Guinness owns part of it – but you’re living there, you decorate it and decide when to sell.

    Buying a percentage means a smaller deposit and a smaller mortgage. It’s a sooner first step on the ladder for lots of people.

    Close to bus stop, garage and small convenience store. Situated in small town with good primary school, doctors and local shops. Own car port and driveway parking for 2 vehicles, patio area at rear with covered pergola. Access to rear garden and small front garden.

    Resale
    £122,500 50% share
    Est. monthly costs £1,041.66*
    • Monthly rent £280.73
    • Service charge £8.67
    • Mortgage £752.26
    • *Est. monthly costs: Including Mortgage calculated using a representative rate of 5.5%, Rent and required Service Charge. These values are to be used for research purposes only.

    Monthly Costs Calculator

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      Guinness Homes are not financial advisors, and this tool is to be used for research purposes only. Please contact a mortgage broker to discuss your finances.

      What is Shared Ownership?

      Learn more about how the Shared Ownership scheme works

      Read More A young female sat and using her laptop
      What is Shared Ownership?
      Shared Ownership is a way to buy your home if you otherwise couldn't afford to on the open market. You buy a share percentage of the home, which is usually 25-75%, pay a subsidised rent on the remaining share and pay a service charge. It's an ideal scheme for first-time buyers looking for a more affordable housing option to get on the property ladder. Click 'read more' to find out more about Shared Ownership.
      Am I eligible for Shared Ownership?
      To qualify for Shared Ownership, individuals must be over 18 years old and residents in the UK. There is a household income threshold. You must have a household income threshold of less than £80,000, but this increases to £90,000 if you buy a home in London.
      Can I buy more shares?
      Yes, you can buy more shares at a later date after you purchase your home. This is known as 'staircasing' and the amount your increase will depend on how much you can afford. Buying more shares will reduce future rent payments. Eventually you could own 100% of your home.
      How much deposit do I need?
      This depends on the full market value of the property and the size of the share you are purchasing, your mortgage lender and your credit rating. The benefit of Shared Ownership is that the deposit required will be significantly lower than if you were purchasing the property outright because you only need a deposit on the share you are buying. You should expect to have at least 5% deposit saved. Your mortgage advisor will tell you the exact amount of deposit you need. You can contact one of our panel of mortgage brokers to get a Mortgage in Principle.