Property description
BRAND NEW SHARED EQUITY homes in Kendal, all featuring two double bedrooms, modern kitchen units and bathrooms, a ground floor WC, double glazing, central heating, allocated off road parking, and private gardens. (Subject to meeting the occupancy criteria for the Shared Equity scheme).
The Location
High Cragg Close is located in a popular residential area on the fringe of Kendal town, within easy walking distance of local shops, pubs, restaurants, supermarkets, and church, and a fifteen minute leisurely walk to the town centre. Approximately half a mile from the popular Castle Park Primary School, and the \"outstanding\" Queen Katherine Secondary School. The properties are also ideally placed for commuting, being less than a mile from Kendal Railway Station, and with good links to the M6 Motorway.
The Accommodation
These brand new properties provide exceptionally well presented accommodation at affordable prices. All properties features two double bedrooms, double glazing, gas central heating, contemporary kitchen units and bathrooms, a ground floor WC, allocated off road parking, and a private garden. And with the obvious benefit of having no chain!
What Is Shared Equity?
An alternative to renting or buying a property outright, where you will purchase a fixed percentage share of a property via a mortgage or savings.A fixed percentage means you can only ever own that percentage share of the property. Even though you will only purchase a fixed percentage of the property, you will own 100% of the property. Impact Housing will then have a permanent charge over the property for the remaining percentage. You are classed as the owner-occupier, which means that you are fully responsible for the maintenance and repair of the property.
What Costs Will I Incur During The Purchase Process?
There will be a number of costs incurred during the purchase, which you will be responsible for, as follows; Fees for valuation of the property, surveys, search fees, solicitors' fees, mortgage deposit and removal costs. Stamp Duty Land Tax (SDLT), where applicable. Your solicitor will be able to advise you further on this matter as this is not always payable. You will be responsible for the management and maintenance of your property with the exception of Building Insurance which will be payable to Impact Housing.
How to Apply
You will need to complete Impact Housing Association's application form, to ensure you meet the occupancy criteria for the Shared Equity Scheme. For further information, current prices and available plots, and an application pack, please contact Lancastrian Estates on 01539 733373 or kendal@lancastrianestates.co.uk.
Property Features :
- Brand New Shared Equity Homes
- Approx 80% Share
- 2 Double Bedrooms
- Modern Kitchen Units & Bathrooms
- Double Glazing & Central Heating