We are excited to be offering a mix of 2 and 3 bed houses for Shared Ownership in the market town of Kirton from January 2024 onwards (please note this is a guide only). Kirton is a pretty market town which has many amenities for locals and visitors. These include restaurants, takeaways, schools, and pubs. Kirton is excellently positioned just 6 miles from Boston which offers more supermarkets and great transport links via bus and train. These properties briefly comprise of an Entrance Hall, downstairs WC, Living Room and a Kitchen/Dining Room. To the first floor, there are two double bedrooms and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden. Register your interest now!
PricesÂ
TBC
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NEXT STEPS:
Please pre-register your interest for this development, we will contact you as soon as we have any further information.
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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 â this is known as âstaircasingâ. 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.
We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.
Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of ÂŁ80,000.
- Unable to purchase a home suitable for your needs.
*Please note some images are typical and should be used as a guide only