Property Address: 41 Guildford Way, Thetford
Date available: Now
Letting type: Long term
Tired of Renting? Struggling to get a mortgage? Really want to own your own place?
NOW YOU CAN!
Do you wish you could get on the home ownership ladder but can’t get a mortgage, or save a big enough deposit?
Did the banks move the goal posts just when you thought you were going to have your own place? Our Rent to Own scheme is the answer!
You put down a deposit in the region of just 3% of property value. You then make monthly payments, a large proportion of which will be added to your purchase deposit. This then continues until such time as you are able to pay the remainder of the money to complete the purchase which might be in two, three or even five years time whatever suits you.
About the property…
Established mid terraced house in Thetford . The property has the benefit of gas fired radiator central heating, double glazing throughout, off street parking and gardens.
HERE’S HOW IT WORKS:
Purchase price is £88,000
Minimum Deposit: £3,000
Market rent: £525 pcm
To save a 10% deposit in 3 years you would need to save £162 per month.
Instead, you will pay an additional £90 per month (so a total of £615 pcm) and
every month we will add £165 towards your deposit
– at the end of year one you will have a deposit of £4,980 (£3,000 + 12 x £165);
– at the end of year two you will have a deposit of £6,960 (£4,980 + 12 x £165); and
– at the end of year three you will have a deposit of £8,940 (£6,960 + 12 x £165).
A deposit of £8,940 means you will have saved a deposit of just over 10% and owe just £79,060 for the property.
Available mid-May 2010
Purchase price fixed until 2013 which means you gain from any increase in house prices or any increase in value because of home improvements that you make.
This is not shared ownership or a Housing Association scheme.
Legally approved solicitor contracts.
This could suit you if you are either:
– A first time buyer
– Currently renting but want to own your own home
– Struggling to raise a large deposit
– Have impaired credit
– Have recently moved to the UK
For further details and to complete the deal please contact:
Tony on 01277 656009 or 07971605504