Stonewater, as a responsible Landlord, take the safety of all of our customers seriously. During the process of purchasing shares in your home, we want to make sure you have considered how you will evacuate the home in the event of a fire. Please make sure you have fully considered the suitability of the property for you and all household members and ensure you have considered how you will evacuate quickly and safely in the event of a fire. If you require any support from Stonewater, please let us know.
£98,000 for a 40% share
Open Market Value: £245,000
From £348 per calendar month
Service Charge: £50.00
shared ownership resale
Available on shared ownership 1
19 Rays Close, Bury
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Local connection means any person who;
(i)On making an application for affordable housing has been resident in the parish of Upwood and the Raveleys or Ramsey St Mary, Ramsey heights, Ramsey Forty Foot, Wislow and Ramsey (‘the local area’) for the previous 2 years or;
(ii)Has a strong link with the Local area which is (without prejudice to the generality of the foregoing):
(a)Has previous residency in the Local Area for at least 3 years during the past 5 years
(b)Family association with the Local Area where close relatives (i.e parents, grandparents, children, brother or sister) have lived in the Local Area for at least the previous 5 years;
Permanent employment in the Local Area for at least the previous 2 years and working at least 16 hours per week
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Christopher Parker
Seller Contact Details: 07395066978 or supertoon.parker@gmail.com
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for 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 a new home that meets your needs
Please take note of the minimum income, (£34,713) which is based on the minimum deposit (£7,400) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.
Please let us know if you need any further information and good luck with your viewing.
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
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