UPLANDS
AVAILABLE PROPERTIES
Take a look at the properties we have available at the Uplands development at Woolley Bridge, Hadfield. These properties are available under the Home Reach Part Buy – Part Rent Scheme.
RYE 1
Bedrooms: 3
Property type: End Mews
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £7,124.00
Monthly mortgage payment: £574.39
Monthly rental payment: £327.00
Total monthly payment: £901.39*
*Based on a 50% share value:
35 year mortgage at 3.69%
95% loan to value.
RYE 2
Bedrooms: 3
Property type: Mews
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £6,999.00
Monthly mortgage payment: £564.32
Monthly rental payment: £321.00
Total monthly payment: £885.32*
*Based on a 50% share value:
35 year mortgage at 3.99%
95% loan to value.
EATON 1
Bedrooms: 1
Property type: Ground Floor Apartment
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £3,547.00
Monthly mortgage payment: £300.24
Monthly rental payment: £164.00
Total monthly payment: £464.24*
*Based on a 50% share value:
35 year mortgage at 3.99%
95% loan to value.
EATON 2
Bedrooms: 1
Property type: Ground Floor Apartment
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £3,749.00
Monthly mortgage payment: £314.94
Monthly rental payment: £172.00
Total monthly payment: £486.94*
*Based on a 50% share value:
35 year mortgage at 3.99%
95% loan to value.
EATON 3
Bedrooms: 1
Property type: First Floor Apartment
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £3,999.00
Monthly mortgage payment: £335.95
Monthly rental payment: £183.00
Total monthly payment: £518.95*
*Based on a 50% share value:
35 year mortgage at 3.99%
95% loan to value.
EATON 4
Bedrooms: 1
Property type: First Floor Apartment
Price Example
Full market value:
Reserved
Minimum 5% Deposit: £4,124.00
Monthly mortgage payment: £346.45
Monthly rental payment: £189.00
Total monthly payment: £535.45*
*Based on a 50% share value:
35 year mortgage at 3.99%
95% loan to value.
* Figures above are an illustrated costs based on a 35 year repayment mortgage and a Home Reach lease with an initial rent of 2.75% on the unpurchased property value increasing by RPI + 0.5% each year. Your home may be repossessed if you do not keep up with payments on your mortgage or shared ownership lease. For exact costings, please speak to an independent financial advisor. Additional service charges may be payable on properties with communal facilities or services. You will also need to consider the responsibilities and associated costs involved with owning a home (such as insurance and maintenance). Shares up to 75% available and eligibility criteria applies. For more information visit www.homereach.org.uk.
FREQUENTLY ASKED QUESTIONS
WHAT ARE THE BENEFITS?
- Provides security of home ownership
- An affordable way to get onto the housing ladder
- Freedom to decorate and improve your home
- Your budget will decide the share you buy, rather than the size of your home
- Ability to increase the level of ownership at any time
- Flexibility to sell and move at any time
- Benefit from any increase in property prices
- No Stamp Duty payable for first-time buyers purchasing a Home Reach property, valued up to £500,000.
- Pets allowed
WHO IS ELIGIBLE?
- You are a first-time buyer or used to own a home, but cannot afford to buy outright and do not currently own a property
- Your household income does not exceed £80,000 per annum (£90,000 in London)
- You have passed a financial assessment demonstrating that you are financially able to purchase the share you want to buy support the monthly costs
- You are registered with your local Help to Buy Agent and have been accepted
- The property you will be buying will be your principle and only home