Shared Ownership at Derwenthorpe A Step By Step Guide
|
|
- Kellie Ford
- 7 years ago
- Views:
Transcription
1 Shared Ownership at Derwenthorpe A Step By Step Guide
2
3 Derwenthorpe Building began on the Lothertington and Seebohm Quarters of the Derwenthorpe development in 2013 after the success of the Stephenson Quarter of 64 mixed tenure houses which was completed early Built in partnership by the Joseph Rowntree Housing Trust and David Wilson Homes, each home has been designed with eco-friendly features including communal heating from a central biomass boiler and a drainage system that prevents flooding.
4 The pioneering mixed housing scheme in Osbaldwick, York, scooped silver for Best Development at the 2013 What House? Awards. What House? Judges said: this year s silver award goes to an outstanding scheme of contemporary homes located within a mature landscaped setting in the popular village of Osbaldwick. About a third of the site has been allocated as public open space for the benefit of the whole community, including wild flower meadows, ponds and play areas. These shared areas will encourage the residents to engage with their community and each other A number of two, three and four bedroom houses will be available on a shared ownership basis on the Lotherington & Seebohm Quarters such as the Daisy; an attractive two bedroom home, the Marigold; a spacious three bedroom home and the Swallow; a versatile, well proportioned three bedroom home complete with home office. More information about the four bedroom homes will be available later in 2014.
5 Shared Ownership A Guide for Purchasers Shared Ownership helps a range of people who cannot afford to buy a home of their own outright. This guide provides information about shared ownership, about how the scheme works, what is involved and what to do if you would like to buy a home. What is Shared Ownership? Shared ownership is an alternative to renting and full ownership. It is particularly suitable for people with a regular income who want to buy their own home but cannot afford to do so outright. With shared ownership you buy a share of your home and pay rent on the remainder. Shared ownership does not mean that you share your home with someone else. Shared ownership is usually arranged through Registered Providers (RPs) like JRHT. They are non-profit making organisations that provide good quality affordable homes for rent and shared ownership. The total monthly costs of the rent and mortgage should be lower than the cost of a mortgage needed to buy 100% of the same home. This is because shared ownership is often supported by government money which reduces the level of rent to be charged.
6 Who Can Become a Shared Owner? Shared ownership is for people who are unable to afford the full cost of outright ownership. People can be nominated from the Local Authority waiting list or people can apply direct. Shared owners might include those looking for their first home, someone leaving their owner-occupied home following a relationship breakdown or an owner-occupier moving for work reasons to somewhere with higher house prices. Who Cannot Become a Shared Owner? Those who can afford to buy a home that meets their needs (this may be determined by the local area you wish to purchase in) Anyone with a household income greater than 60,000 per annum. Those who cannot afford the combined cost of the rent and mortgage. How Does Shared Ownership work? You can usually buy between 25 and 75% of the value of the property. On re-sale the property is often sold on at the percentage the current owner has. Shared owners pay a monthly rent to the landlord, covering the share they have not purchased.
7 For the percentage share you purchase, you will normally require a mortgage with a cash deposit. Some applicants may have the funds to buy a share without a mortgage. Mortgages are available from building societies and banks and will often give you an idea of how much they will lend without a particular property in mind. JRHT is unable to recommend a particular Bank or Building Society. We can however give an indication of some we have worked with in recent years. These are as follows: Halifax Santander Nationwide Leeds Building Society HSBC Lenders will usually require you to have a deposit (at least 10% but possibly more) to reduce the amount borrowed. How Much Does Shared Ownership Cost? The exact amount you pay each month will depend on such things as the price of the property, the size of the share you buy, the rent and mortgage costs. The larger the share you buy, the higher the mortgage costs. Rent will be less on a higher share as you are only paying rent on the equity owned by JRHT. As with buying a house of your own, becoming a shared owner involves certain costs. Some costs are one offs, others will be regular. Examples of the costs involved are listed below:
8 Legal fees - for your solicitor or conveyancer which are usually in excess of 450 Valuation / survey fees These are required by your lender. There are three levels of survey with the basic survey starting at approximately 150 Stamp Duty This is payable on properties where the purchase price exceeds 125,000 (the threshold is currently 250,000 for first time buyers) Property Price Up to 125, , , , ,000 Rate of Stamp Duty 0% 1% 3% Mortgage Arrangement Fees Please check with your individual lender Insurance Premiums Insurance can be taken out to cover you in the event of death or serious illness, unemployment, sickness. You will also be required to insure your own belongings (contents insurance). Under the terms of the shared ownership lease, JRHT insures the building on your behalf.
9 Deposit the greater the amount you are able to pay at the beginning, the lower the costs will be in terms of your monthly mortgage payments. Moving Expenses removal costs plus costs involved in furnishing a property, re-direction of mail etc. Don t forget that once you ve moved in there are everyday living costs which you need to be careful not to underestimate! Rent Mortgage payments Service charge (if applicable) Council tax Utility bills (gas/electric/water/telephone) Other household bills (TV licence etc.) Repairs and Maintenance costs. Remember, you as shared owner are often responsible for these. Although you may only own a percentage of the property, you have the benefit of the whole of the property and are usually therefore responsible for maintaining it. The rent charged is simply to allow JRHT to offer the property at a discounted price initially. You should be aware that your home is at risk if you do not keep up repayments on a mortgage /rent or other loan secured on it.
10 Can I Buy a Bigger Share in My Home? Usually, a year after you have moved in, you can apply to increase your share. This is known as staircasing and in most cases you can ultimately own the property outright. There is no obligation on you to do this but shared ownership is designed to be flexible to meet your needs as circumstances change. Each time you buy at least a further 10% share and this will cost a percentage of the market value at that time. Your rent will be reduced as you purchase further shares however your mortgage payments may increase if you borrow more to fund the purchase. If you have completed improvements to your home then the Surveyor will be asked to estimate the value that this has added to the property. This amount would then be disregarded in calculating the price to purchase further shares. What Happens When I Want to Move? It is no different from moving when you own your home outright. The first step is to inform JRHT of your decision. You should also inform your mortgage lender. We do not buy the property from you rather JRHT usually has the option to nominate a buyer and keeps a register of people wanting to purchase homes on a shared ownership basis. If we are unable to do this, then the option to use a local estate agent will be given.
11 Who Benefits From Any Increase in Value When I Sell? You, as the shared owner benefits from any increase in value of the property on the share you own. If the value of your home has increased by 20,000 and you own a 50% share, your share of the increase would be 10,000. Remember though, house prices can fall as well as rise. If this happens, you will have to bear a share of the loss too. What Should I do When I Have Been Offered a Property? Instruct a solicitor to act on your behalf. Confirm in writing that you wish to proceed and give us details of your solicitors Arrange for a mortgage if necessary.
12 Do JRHT Recommend Solicitors? As with the mortgage lenders, the Trust is unable to recommend individual firms of solicitors. Listed below however are some firms we have recent experience with. Harrowell Shaftoe, 1 St Saviourgate, York Guest Walker & Co, 12a The Shambles, York Ware & Kay, Sentinel House, Peasholme Green, York Langleys Solicitors, Queens House, Micklegate, York North Yorkshire Law, Albermarle Chambers, Albermarle Crescent, Scarborough Birdsall & Snowball, 10 York Place, Scarborough Drabble & Co, 409 Scalby Road, Scarborough Cooper Wilkin Chapman, The Hall, Lairgate, Beverley Norton Hall & Co, 12a Saturday market, Beverley Hague & Dixon, 12 Smiddy Hill, Pickering Ellis Lakin & Co, 8 Hall Garth, Lairgate, Pickering Do I Need to Pay a Reservation Fee? You will be required to pay a 250 non refundable fee to secure the property on reservation
13 What Legal Obligations am I Taking on? You will be buying the property on a leasehold basis. The lease usually runs for 99 years. The lease sets out your obligations to the landlord and your rights. Your solicitor will receive a copy of the lease and will go through the details with you. It is also advisable to read the lease yourself and keep a copy for reference. What Happens if I Become Unemployed or My Family Circumstances Change? It is advisable to take out insurance at the outset. This is designed to ensure that your mortgage/rent and associated costs are paid for a specified period of time if you suffer accident, unemployment or sickness. If you do get into financial difficulties and would like some advice, please contact us as we can ensure you are receiving all that you are entitled too. JRHT also offers in certain circumstances, reverse staircasing. This is where JRHT buys back part or all of your share in order to release equity to clear the mortgage for example. This is not an automatic entitlement or right but it can help some residents whose homes might be at risk.
14 The Buying Process We are sure that buying a new home at Derwenthorpe will be a really positive experience. Buying a new home is an exciting time and is usually straightforward. Listed below is a guide to help you through the buying process. Application You will need to complete a shared ownership application form and gain my4walls approval to ensure that you are eligible for shared ownership. JRHT will approach CoYC on your behalf to gain approval for your application. (In line with our partnership agreement) You can either complete a My4Walls application form online at or call or to arrange for a form to be sent to you using the contact details below: Telephone: enquiries@my4walls.co.uk Reservation Once your application has been approved by JRHT, My4 Walls and CoYC you will be offered a property to purchase. This is the time you will need to complete a reservation form and pay a reservation fee of 250. This secures your property to enable the legal process to begin. During the reservation period Now is the time to apply for your mortgage and instruct a solicitor. There are a number of banks and building societies that offer shared ownership mortgages, it may be advisable to use an Independent Financial Adviser to assist with this. You will be asked to pay a valuation fee to the mortgage company for them to survey the property on your behalf.
15 Your solicitor will receive the Lease for your property, and will request a search fee to enable them to carry out the Local Authority Searches. This is the first step in the Legal Process. They will advise you on the Lease and raise any queries with JRHT s solicitors. Exchange of Contracts Once your solicitor is satisfied with the Lease, has received your mortgage offer and searches, you will be asked to pay your deposit to your solicitor so that Contracts can be exchanged. This is the point when the property is contractually yours and cannot be sold to anybody else almost a proud homeowner! You may be given your move in date at this time if this date is known. After Exchange and Before Legal Completion Shortly before Legal Completion you will be invited to attend a home tour of your property with a member of JRHT and the Site Manager of David Wilson Homes, this is a very useful tour of your property and you will learn how everything works and be reminded of all the features and benefits of your new home. Legal Completion CONGRATULATIONS!! You are now the proud owner of a beautiful new home at Derwenthorpe. Completion takes place when all outstanding monies are received by JRHT s solicitor. You will be invited to meet at your home at Derwenthorpe and the keys will be handed over to you with your Home User Guide (HUG). This is a file of useful information regarding your home and the local area. Meter readings will also be taken at this time. It s that simple however if you do have any problems or need any help or advice JRHT are always here to assist. We will visit you once you are settled in to ensure that everything is to your satisfaction.
16 Joseph Rowntree Housing Trust The Garth White Rose Avenue New Earswick York YO32 4TZ Call for further information & ask for a member of our sales team
Your guide to Shared Ownership
Your guide to Shared Ownership 2 If you need this document in another format please contact us. Your Guide to Shared Ownership Delivering Affordable Housing This guide gives you information about buying
More informationSHARED OWNERSHIP BUYERS GUIDE
SHARED OWNERSHIP BUYERS GUIDE SHARED OWNERSHIP SHARED OWNERSHIP PROVIDES AN AFFORDABLE WAY TO BUY A HOME. YOU PURCHASE A SHARE IN A BRAND NEW HOME AND PAY A SUBSIDISED RENT ON THE PART YOU DON T OWN. IN
More informationEVENT GUIDE. Oxfordshire s biggest affordable homes show. Help to Buy South. The Kassam Stadium, Autumn 2014 SHARED OWNERSHIP HELP TO BUY RENT TO BUY
Oxfordshire s biggest affordable homes show SHARED OWNERSHIP HELP TO BUY RENT TO BUY Help to Buy South The Kassam Stadium, Autumn 2014 EVENT GUIDE Find out about homes and schemes available, including
More informationAffordable Home Ownership YOUR GUIDE
Areas We Cover as a HomeBuy Agent Affordable Home Ownership YOUR GUIDE Registered Head Office Jubilee House, Stenson Road, Coalville, Leicestershire LE67 4NA Tel: 0844 892 0112 Fax: 01530 276033 For general
More informationYour Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services
The Exchange Property Services Mortgage Services Letting & Management Services Conveyancing Services Your Mortgage Guide Contents: Introduction... 3 The Financial Services Authority (FCA)... 3 What is
More informationSHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work?
SHARED OWNERSHIP LEASES What is shared ownership leasehold and how does it work? Contents Purpose of this leaflet... 3 What is leasehold... 3 What is a shared ownership lease... 3 What are the differences
More informationThinking of buying your home?
Thinking of buying your home? We welcome your views At North Hertfordshire Homes we like to take your views into account when making decisions. We aim to provide a responsive, efficient and effective service
More informationYour Guide to Shared Ownership
Your Guide to Shared Ownership 1 Shared ownership is designed for first-time buyers, who are able to raise a mortgage but are unable to afford the full cost of homeownership. Why buy a shared ownership
More informationWe can help with BUYING A RESALE PROPERTY
We can help with BUYING A RESALE PROPERTY Contents Buying a Resale property 2 Why buy through a Shared Ownership scheme? 2 Who are Family Mosaic? 3 When I buy a resale property, what am I buying? 3 I
More informationKEY MORTGAGE INFORMATION & EXPLANATIONS
KEY MORTGAGE INFORMATION & EXPLANATIONS THE SOCIETY Within this document reference to we us and our refers to the Society, full details of which are: Tipton & Coseley Building Society, 70 Owen Street,
More informationRent to Buy Scheme (RTBS) Information Brochure The White House, Glenfinnan, PH37 4LS
Rent to Buy Scheme (RTBS) Information Brochure The White House, Glenfinnan, PH37 4LS Glenfinnan Rent to Buy Scheme 1 The Rent to Buy Scheme (RTBS) An exciting opportunity to rent, then buy a home in the
More informationBuying a flat. Your guide to. www.lawsociety.org.uk. Leasehold flats. Some differences between a house and a flat
www.lawsociety.org.uk Your guide to Buying a flat Leasehold flats Buying a flat is not the same as buying a house. If you are buying a home, whether a house or a flat, you should read our guide to Buying
More informationRemortgaging guide 1. Remortgaging guide. We re with you every step of the way
Remortgaging guide 1 Remortgaging guide We re with you every step of the way Remortgaging guide 2 With so many different mortgages out there to choose from, deciding which one is best for you can be a
More informationMortgage advice you can depend on
Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to
More informationTenants Guide to the Right to Buy
Contents Section Page No. 1 Welcome to our Right to Buy Guide 2 2 Our Service Standards 3 3 Warning Cold Callers 4 4 Introduction to Right to Buy 5 5 Steps in the Right to Buy process 6 6 The Section 125
More informationSwitching your mortgage deal
Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You
More informationThinking of Buying Your Council Flat?
Thinking of Buying Your Council Flat? Things to consider before you buy a flat where the freeholder is a council, housing association or other social landlord May 2015 Department for Communities and Local
More informationAll you need to know about the. Seniors Money Lifetime Loan. Information for you, your family and your advisers
All you need to know about the Seniors Money Lifetime Loan Information for you, your family and your advisers 1 Contents This brochure from Ireland s only specialist Lifetime Mortgage provider highlights
More informationConveyancing Guide. We welcome you as a client of Tyndallwoods and thank you for your instructions. Conveyancing has two basic stages
Conveyancing Guide We welcome you as a client of Tyndallwoods and thank you for your instructions. This guide is part of the Tyndallwoods commitment to quality of service. We are well aware that moving
More informationab YOUR GUIDE TO THE LEGAL PROCESS FOR SELLING A PROPERTY
YOUR GUIDE TO THE LEGAL PROCESS FOR SELLING A PROPERTY Selling a house or flat is almost certainly one of the most important transactions you'll ever make. Obviously you want to get it right, and it's
More informationHousing Options Advice Booklet. Shared Ownership. Housing Services
Housing Options Advice Booklet Shared Ownership Housing Services Shared Ownership What is shared ownership housing? Shared-ownership is a great way into home ownership. If you can't afford to buy outright,
More informationWant. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy
Council or Housing Association tenants Want Your Right to Buy to make your home your own? Find out if this could be the right time to consider buying 1 Contents Why you might like to buy Why you might
More informationFirst Time Buyer Mortgage Information
First Time Buyer Mortgage Information If you re thinking about a Mortgage for your first home talk to us today A good time to talk to us? We re here to listen and help you whenever you need to talk to
More informationHOME OWNERSHIP THE REAL COSTS
HOME OWNERSHIP THE REAL COSTS THE GOVERNMENT REQUIRES US TO PROVIDE YOU WITH THIS INFORMATION PURSUANT TO SECTION 121AA HOUSING ACT 1985 If you just compare the cost of a mortgage with the cost of your
More informationThe Help to Buy: equity loan scheme What you need to know before you go ahead
Page 1 of 5 The Help to Buy: equity loan scheme What you need to know before you go ahead What is the Help to Buy: equity loan scheme? The Help to Buy: equity loan scheme is a Government backed programme
More informationHave you heard about Open Market HomeBuy?
Have you heard about Open Market HomeBuy? A guide to buying a home on the open market using an equity loan Contents What is Open Market HomeBuy? 3 Who is eligible for the scheme? 4 How does Open Market
More informationYour Choice Equity Loan Scheme
Your Choice Equity Loan Scheme Assisting aspiring homeowners to get on to the property ladder Catalyst Housing (Catalyst) is a leading housing association delivering affordable homeownership products across
More informationnew-build homebuy South Staffordshire Housing Association
new-build homebuy South Staffordshire Housing Association What is new build HomeBuy? New build HomeBuy, also widely known as shared ownership, is a government-funded scheme to help first-time buyers buy
More informationAdditional borrowing guide 1. Additional borrowing. We re with you every step of the way
Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your
More informationSelling your home. Better homes and better services for better lives. Better homes and better services for better lives
Selling your home Selling your home You are able to sell your home whether you own a share or own the property outright. This process is known as assignment. It is important to write and tell us before
More informationSeniors Money Ireland Limited t/a Seniors Money 60plus Loan Seniors Money is a joint venture company equally owned by IFG Group plc and Sentinel
Seniors Money Ireland Limited, Beech House, Beech Hill Office Park, Clonskeagh, Dublin 4. LoCall 1890 73 64 67 (1890 SENIOR) or email info@seniorsmoney.ie www.seniorsmoney.ie Seniors Money Ireland Limited
More informationHow to sell your home
Selling your home How to sell your home As a homeowner you may choose to sell you home. If you decide to sell your home, you first need to look at your lease to see if there are any restrictive clauses
More informationWANT TO MAKE YOUR HOME YOUR OWN?
WANT TO MAKE YOUR HOME YOUR OWN? 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could you get?
More informationA Guide to Releasing Capital from your Home
Advice for older people A Guide to Releasing Capital from your Home Advice provided by Advice for older people FirstStop Advice brings together the expertise of some of the most trusted and respected organisations
More informationWANT TO MAKE YOUR HOME YOUR OWN?
WANT TO MAKE YOUR HOME YOUR OWN? July 2015 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could
More informationYour Guide to. BUying A SHARED OWNERSHIP PROPERTY
Your Guide to BUying A SHARED OWNERSHIP PROPERTY 1 What is Shared Ownership? Shared Ownership makes it possible to buy a property that otherwise would not have been affordable. Shared Ownership is available
More informationHow to buy your home. Yate 01454 821100 Kingswood 01454 821300 Patchway 01454 821500. www.merlinhs.co.uk
The information in this leaflet is also available in other languages, in larger print, Braille or on audiotape or CD. Please contact the customer service team at your area housing office if you need any
More informationYour first home. A guide to buying for the first time
Your first home A guide to buying for the first time 2 Your guide to getting it right You re planning on buying a place of your own at last. It will be your space and no one else s. It s an exciting thought.
More informationYour guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality
Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme Making your aspiration of homeownership a reality For eligible people living or working in the South Bucks District Council area Delivered
More informationEquity Release Guide. www.seniorissues.co.uk
Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY
More informationS H A R E D O W N E R S H I P
LANARKSHIRE HOUSING ASSOCIATION LTD S H A R E D O W N E R S H I P H A N D B O O K The information contained within this booklet is for guidance only and does not constitute any part of a contract. Shared
More informationYOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Buy to Let investors guide On your side in Buy to Let Buying property to let as a long-term investment or to generate
More informationHelp to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 What is Help to Buy? Help to Buy is equity loan assistance to home buyers from the Homes
More informationWHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?
WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination
More informationequity loans explained State money, interest-free for five years
help TO buy Your guide to the latest government-backed scheme Produced by In association with equity loans explained State money, interest-free for five years easy access How to apply INTROducTION The
More informationSHARED OWNERSHIP HANDBOOK
SHARED OWNERSHIP HANDBOOK 1 Hastoe shared owners handbook Welcome. We have put together this handbook as a guide for our shared owners. It describes your rights and responsibilities as a shared owner of
More informationMortgages Guide. From http://limetreefs.co.uk 1
Mortgages Guide Mortgages revealed... The explanations below are intended to give you an insight into some of the more common terms associated with the mortgage process. Repaying the Mortgage Whichever
More informationMORTGAGE ADVICE YOU CAN DEPEND ON
MORTGAGE ADVICE YOU CAN DEPEND ON INTRODUCTION Whether you re buying your first home, remortgaging, or purchasing an investment property, there are lots of processes to go through, issues to tackle and
More informationA Guide to Buying Your Own Home
SIMPLY MONEY LTD Independent Mortgage Specialists A Guide to Buying Your Own Home Page 1 of 15 Useful Contacts MORTGAGE SPECIALIST ADDRESS LENDER ADDRESS TEL CONTACT NAME TEL CONTACT NAME ESTATE AGENT
More informationYour guide to the Vale of White Horse District Council Open Market Equity Loan Scheme
Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme Making your aspiration of homeownership a reality Your Home, Your Choice For eligible people living or working in the
More informationSentinel Shared owners guide to staircasing
Sentinel Shared owners guide to staircasing How to buy further shares in your home Making a difference What s staircasing? Once you ve completed your purchase you can buy more shares in your home. This
More informationBuying A HomE THrougH shared ownership WiTH HAsToE
Buying A HomE THrougH shared ownership WiTH HAsToE 1 The shared ownership scheme if you want to buy a home of your own but don t quite have enough money to do so, shared ownership could be the answer.
More informationto vote on borrowing Member s resolutions. This is further explained in the Society s Rules (a copy is available on request).
Mortgages Explained 2 This brochure answers some of the more common questions that you may have about how your mortgage works and the relationship between the Society and its borrowers. Please read it
More informationYour Preserved Right to Buy or Right to Acquire Your Home
Your Preserved Right to Buy or Right to Acquire Your Home Your rights under the Housing Act 1985 (as amended) as applied by the Housing (Preserved Right to Buy) Regulations 1993 and the Housing Act 1985
More informationEasy Home Purchase Scheme
Easy Home Purchase Scheme Information for tenants What is the Easy Home Purchase Scheme (EHPS)? The EHPS is only available to Lewisham Social Housing Tenants who wish to buy a home in the private sector.
More informationHome Loans. Talk to us today.
Home Loans Talk to us today. Since 1875 we ve helped more than half a million people buy their dream home. It s what we do best. With 140 years of home loan know-how, you won t find a more experienced
More informationyour Making the choice clearer SOLD TO LET
your SOLD mortgagefor SALE movesold TO LET Making the choice clearer mortgage At Connells, we ll make it easy for you with our comprehensive mortgage service. Help and guidance from the experts Buying
More informationMortgage Term Glossary
Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's
More information1 Save a deposit. 2 Know your budget. 3 Find your new home. 4 Check everything. 5 Closing the deal
3 4 2 5 1 Buying a home is an exciting experience, but it can also be very stressful. So, being prepared before you start looking for a home will help you through the whole process. 1 Save a deposit 2
More informationSinclair Park Newburgh Low Cost Homes for Sale Guidance Notes
Sinclair Park Newburgh Low Cost Homes for Sale Guidance Notes All applicants are advised to read these guidance notes carefully as they contain information which is significant to your application for
More informationINFORMATION ABOUT YOUR MORTGAGE. Important information for you to keep and refer to
INFORMATION ABOUT YOUR MORTGAGE Important information for you to keep and refer to 1 Information about your mortgage This booklet is sent to you with your mortgage offer so you can read it before you enter
More informationHome Buying Glossary of terms
Home Buying Glossary of terms GLOSSARY OF AFFORDABLE HOME OWNERSHIP TERMINOLOGY The terms below are often used in house buying or mortgage process. You may come across these terms when you are in the process
More informationPaying for the costs of major works to your property
Paying for the costs of major works to your property Introduction We are responsible for thousands of homes and are committed to keeping those homes in a good state of repair. This means that from time
More informationLoan Assistance for Homeowners Information Booklet
Repairing and Improving your Home Loan Assistance for Homeowners Information Booklet www.plymouth.gov.uk Plymouth City Council Private Sector Housing Team Strategic Housing Directorate of Development and
More informationSection 121AA Housing Act 1985. Information to help tenants decide whether to exercise the Right to Buy
Section 121AA Housing Act 1985 Information to help tenants decide whether to exercise the Right to Buy April 2012 SECTION 121A HOUSING ACT 1985 INFORMATION TO HELP TENANTS DECIDE WHETHER TO EXERCISE THE
More informationAFFORDABLE HOUSING ACTION PLAN
AFFORDABLE HOUSING ACTION PLAN ACT LAND RENT SCHEME - FREQUENTLY ASKED QUESTIONS LAND What is the ACT Land Rent Scheme? The Land Rent Scheme is an ACT Government initiative to increase access to affordable
More informationYour Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations
Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations Your Right to Buy Your Home: A guide for tenants of councils, new
More informationEquity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co.
Equity Release Guide 0800 612 5749 www.therightequityrelease.co.uk Helping you make the right decision nationwide service all lenders available personal visits 1 Welcome to The Right Equity Release Who
More informationHelp to Buy Buyers Guide
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second
More informationGuide to mortgages. March 2016
Guide to mortgages March 2016 Guide to mortgages Most of us would like to own a property which usually means having to take out a mortgage. Choosing the right mortgage can be confusing because there are
More informationGovernment mortgage rescue scheme What will it mean for me and my family?
Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage
More informationYou may have to pay an early repayment charge to your existing lender if you remortgage.
Mortgages The Chiltern Guide to Mortgages Qualifying for a mortgage can be a complicated affair and some first-time buyers may find it daunting. It is important to choose the correct lender and not to
More informationWandsworth Council Right to Buy Information for Council Tenants
Wandsworth Council Right to Buy Information for Council Tenants Wandsworth Council Right to Buy Information for Council Tenants Under the terms of Sections 121AA and 121B of the Housing Act 2004 the council
More informationYour guide to Help to Buy www.helptobuyese.org.uk
Help to Buy East and South East Your guide to Help to Buy Apply online at What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could
More informationright up your street.
buy to let landlords guide right up your street. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers
More informationThe Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a
The Mortgage Guide Helping you find the right mortgage for you Brought to you by Hello. Contents We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever
More informationIT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist
IT S A SIGN OF THE TIMES LIFETIME LOAN AUSTRALIAN SENIORS FINANCE The Home Equity Release Specialist UNLOCK THE IN YOUR EQUITY HOME If you want the financial freedom to spend your retirement how you choose,
More informationA guide to selling your shared ownership home
A guide to selling your shared ownership home Index Selling your shared ownership home 2 Valuing your home 3 Energy Performance Certificate 3 Advertising your property 3 What happens when a prospective
More informationYour guide to Help to Buy
Your guide to Help to Buy Help to Buy Agent for the East and South East What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could be
More informationYour First Home. A Buyer s Guide
Your First Home A Buyer s Guide Questions to ask yourself Before getting too involved in the house buying process, it makes sense to ask yourself a number of questions regarding your finances. Hello...
More informationResidents guide to... Selling your shared ownership home
Residents guide to... Selling your shared ownership home Residents guide to... Selling your shared ownership home You can sell your shared ownership property at any time. Your lease gives Saxon Weald the
More informationFinancing your Home Purchase
Financing your Home Purchase page 1 Disclaimer This booklet is for information purposes only, and must not be relied on as a substitute for legal advice. page 2 Contents How Much Can You Afford? 1 Other
More informationYour retirement could have even more going for it
Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could
More informationFollowing Completion You will be met at the property by our Shared Ownership Officer
What is shared ownership? Through shared ownership you buy a share of the property and pay rent on the remaining share you do not own. Who can buy through the shared ownership scheme? The scheme is intended
More informationSpectrum Housing Group, Spectrum House, Grange Road, Christchurch, Dorset, BH23 4GE. Dear Sir/Madam. Shared Ownership
Spectrum Housing Group, Spectrum House, Grange Road, Christchurch, Dorset, BH23 4GE Dear Sir/Madam Shared Ownership Thank you for your recent enquiry concerning Shared Ownership accommodation with the
More informationabout our services and costs
about our services and costs Finesco Financial Services Limited 1. The Financial Services Authority (FSA) 6 Woodside Crescent Glasgow G3 7UL The FSA is the independent watchdog that regulates financial
More informationMoving Home Guide. A simple step by step guide to buying & selling
RESIDENTIAL PROPERTY BUYING & SELLING Moving Home Guide A simple step by step guide to buying & selling 2 Turn to page 11 of this Guide where there is a useful checklist that details all the things you
More informationLIFETIME MORTGAGE LUMP SUM
LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 5) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank
More informationbanking Your House A guide to buying an investment property www.bendigobank.com.au
banking Your House A guide to buying an investment property www.bendigobank.com.au Your House A guide to buying an investment property Investing in real estate was once a difficult and stressful market
More informationHome Buy. An introduction to h&f Home Buy
Home Buy An introduction to h&f Home Buy Hammersmith & Fulham Council recognise the importance of building a strong, vibrant and sustainable community within the borough. We know there are many residents
More informationTHE CHURCH OF ENGLAND PENSIONS BOARD
THE CHURCH OF ENGLAND PENSIONS BOARD Retirement Housing SHARED OWNERSHIP BOOKLET Information Booklet for Scheme Applicants Housing Department The Church of England Pensions Board, 29 Great Smith Street,
More informationEquity Finance Mortgage (EFM)
Introducing the award-winning Equity Finance Mortgage (EFM) Best New Product of the Year 2007 Best New Product of the Year 2008 What is an EFM? An Equity Finance Mortgage (EFM) is an award-winning home
More informationMORTGAGES. The easy guide for customers looking for a mortgage
MORTGAGES The easy guide for customers looking for a mortgage Introduction Buying a Home Your home is where you ll spend most of your life, and so it should be somewhere you really love. Whether buying
More informationStaircasing. Buying more shares in your home. Information for leaseholders
Staircasing Buying more shares in your home Information for leaseholders Staircasing Your Questions Answered Q: What is staircasing? A: Staircasing is the term given to buying extra shares in your shared
More informationIT S MORTGAGE REVERSE A SIGN OF THE TIMES
IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.
More informationEquity Release your essential guide
Equity Release your essential guide Welcome This guide has been put together to explain equity release, what it means and the options it can offer. We aim to give you as broad an overview as possible and
More informationMortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you
Mortgage Advisers The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make.
More informationDeferred Payment Agreement Charging
Deferred Payment Agreement Charging What is a Deferred Payment Agreement? A Deferred Payment Agreement is an arrangement with the council that will enable you to use the value of your home to help pay
More informationMortgage Life Insurance
Mortgage Life Insurance Moving with your mortgage In association with Welcome to Norwich Union YOUR MOVE s relationship with Norwich Union means we re able to offer you all the protection you need when
More informationSelling / assigning your shared ownership lease
Selling / assigning your shared ownership lease Information for leaseholders Assignment Your questions answered Q: What is assignment? A: Assignment is the term given when you sell your shared ownership
More information