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Customers with a local connection to Basingstoke and Deane will be given priority
Features
- Modern fitted kitchen with built in oven, hob and extractor
- Excellent storage space
- Spacious Living Room
- Two double bedrooms
- Modern open-plan living
- Private garden
Description
<p>Sovereign Living is excited to announce that a selection of 2 bedroom homes are coming to Longacre in Basingstoke in early 2021.<br> <br> Anticipated for completion across several phases in 2021, these stylish new homes will benefit from a modern fitted kitchen, stylish bathroom suite and allocated parking.</p> <p>Longacre is an established development situated just a few miles from the centre of Basingstoke, the perfect location for families, commuters and first-time buyers.</p>
Location
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FAQs
- 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.
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.
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.