Nicker Hill

Brand new two bedroom homes coming soon with Shared Ownership.

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Price to be advised

Available properties

A selection of 2 bedroom homes coming soon with Shared Ownership.

Features

  • Schools Nearby
  • Second Phase
  • Summer Move In Date
  • Transport links

The development

Nicker Hill is a beautiful development ideally situated in the village of Keyworth, just 6 miles south of Nottingham. Featuring a selection of 2 bedroom terraced shared ownership houses in Nottinghamshire, Nicker Hill boasts excellent transport connections, outstanding schools and local amenities to enjoy. Properties within Nicker Hill benefit from a 10-year NHBC warranty.

 

Nicker Hill Kitchen.

Take a look around a typical home at Nicker Hill

Start the tour

Brochure

Your forever home

Platform Home Ownership Interior
Platform Home Ownership Bedroom

Could be round the corner

Local Information

Nottinghamshire has 103 secondary schools and serves over 76,000 students, with 26.91% of pupils achieving grade 5 or above in their core GCSEs - outperforming the UK average. Of the schools across Nottinghamshire, 82% are rated ‘good’ or ‘outstanding’ by Ofsted.

 

For any students considering higher education in Nottinghamshire, the county is home to both the University of Nottingham and Nottingham Trent University with a combined intake of 80,305 students.

Nottinghamshire sits at the heart of the UK and has a broad range of available transport links for residents.

East Midlands Rail connects Worksop in the North to Newark in the East and everywhere in between. Elsewhere, East Coast Trains and Cross Country Trains also stop at a number of Nottinghamshire towns, while Northern Rail also provides direct links to Sheffield, Leeds and Chesterfield.

Nottingham itself has an extensive tram system (NET) that offers direct connections to leisure and tourist attractions, with multiple stops in the city centre and surrounding areas such as Clifton and Hucknall.

Finally, East Midlands Airport offers international links to a range of popular destinations and is easily accessible from anywhere in Nottinghamshire.

Surrounding the Nicker Hill development there are a number of supermarkets to choose from, including a Sainsbury's and Aldi. All under a 10 minute drive away. 

If you fancy unwinding on the weekend, The Keyworth Tavern is just down the road and offers a lively and friendly atmosphere. 

The development benefits from close proximity to Nottingham city centre. With only 20 minutes to travel, residents have easy access into the city to browse the high street retailers and indulge in the variety of restaurants and bars. 

 

Am I eligible?

Shared Ownership uses the following criteria to help people get a foot on the housing ladder:- Maximum annual household income of £80,000

One of the following statements must also be true:

  • You’re a first-time buyer
  • You used to own a home but can’t afford to buy now
  • You’re forming a new household - typically after a relationship breakdown
  • You’re already part of the Shared Ownership scheme but want to move
  • You own a home and want to move but can’t afford the new home that meets your needs

Check your affordability

Use the Shared Ownership mortgage calculator to estimate the cost of buying this
home

Homes at this development can be purchased between 25% - 75% of the property's full market value.
You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%.
Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

Next Steps

1

Information

For further information, please download our brochure below.

2

Apply now

Please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.

3

Affordability

Once you have passed the affordability assessment, we will then be in contact to confirm the availability.

4

Reservation fee

If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home. Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. 

It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. 

This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

Available properties

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Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years: applicant has permanently lived in the area for a number of years: applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing applicant has been permanently employed in the area for a number of years The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.