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A local connection to North Dorset is required
Features
- Spacious open plan living
- Modern fitted kitchen with built-in oven, hob & extractor
- Stylish bathroom suite
- Allocated parking
- Close to local amenities
- A local connection to North Dorset is required
Description
<p>Sovereign are excited to announce a brand new phase of 2 bedroom homes coming soon to Brook Rise in Stalbridge.</p> <p>The first of these homes will be available to move into towards the end of 2021.</p> <p>Each property is thoughtfully designed and will benefit from a modern fitted kitchen with built-in oven, hob and extractor, a stylish bathroom suite and parking.</p> <p>This development is set within the Blackmore Vale in Stalbridge, Dorset close to the border with Somerset. One of Dorset's smallest towns, Stalbridge offers a good selection of shops and facilities within the town centre.</p>
Location
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FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then shared ownership could be right for you
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.