Flat 6, Townsend Close, Ludlow

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Shared Ownership Resale

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

Off-Road Parking
Close to Town Centre
Electronic Gate Access

£26,875 for a 25% share

Open Market Value: £107,500

From £325 per calendar month

Service Charge: £149.64

Shared Ownership Resale

Available on shared ownership 1

Flat 6, Townsend Close, Ludlow

·A Spacious Loft

·Storage Cupboard outside Front Door

·Off-Road Parking – Designated

·Close to Town Centre (5 Minute Walk)

·Quiet and Friendly Neighbourhood

·Range of Ages Living in Flat

·Electronic Gate to the Estate

·Electronic Code to Access Main Door

As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government's latest standards.

Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding.

Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1

Viewings

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: Emily and Tom Moseley

Seller Contact Details: 07814961960 or emmydee3838@aol.com

As a shared ownership home, you will need to be eligible for Shared Ownership and be registered with Help to Buy. For further information on registering with Help to Buy, please visit https://www.helptobuy.gov.uk/shared-ownership/ and follow the link to your local agent. Please take note of the minimum income, £20,585 and minimum deposit £3844 for this 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.

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