This property has now been taken off the market (as of Monday, 8 July 2019).
1 Bed Flat, Church Street, NG16
Overview
Bedrooms: 1 | Bathrooms: 1 |
Max Tenants: 2 | Location: Eastwood, Nottingham |
Description
RENT TO BUY OFFERED ON THIS NEW BUILD FLAT
1 Bedroom Flats with private parking.
Why rent normally when you can have 100% of the monthly rent paid go towards your deposit to purchase the property. Get onto the property ladder and get in touch today.
This Rent to Buy scheme is genuinely helping people get onto the property ladder. You get a newly built home where 100% of your monthly rent goes towards your deposit and the purchase price is fixed today rather than in 2-3 years time. With house prices increasing over time this presents a significant saving.
How does it work?
You view the New Build flats and choose the one you would like to progress with
You will enter into Assured Shorthold Tenancy (AST) for a minimum 2 years and maximum 3 years period
Your monthly rent is calculated by taking the 15% deposit required for you to purchase the property and dividing it by the 3 years. You will benefit from 100% of your monthly rent contributing towards your deposit.
The Assured Shorthold Tenancy is fixed for minimum 2 years by which time you can exercise your right to buy or can choose to continue to carry on paying for a further year to bring their overall mortgage value down
Your not committed to buy. If you change your mind and choose not to exercise your option to buy after 24-36 months then you simply need to hand the property back and your contributions will be classified as rent and therefore not returned
How do I know if I'm eligible?
Your eligible if:
Your household earns close to £25,000 a year. A household can be one person, or you and a partner or you and a friend
You are a first time buyer or you used to own your home but don’t anymore
You must live in the property
You cannot sublet or sublease the property
The cheapest flat is £110,000 therefore be able to pay £458 a month
You cannot be a current home owner but in some instances the developer may consider you if your names is on the deeds of another property
You must not have any outstanding credit issues (i.e.unsatisfied defaults or county court judgements).
Interested? Find out more by calling or emailing today, these flats wont be around for long.
Disclaimer: Nothing on this document constitutes legal or financial advice.Specialist legal or Financial advice should be taken in relation to specific circumstances. The contents of this document are for general information purposes only.
Price & Bills
Deposit | £450.00 |
Rent PCM | £450.00 |
Bills Included | |
Broadband | View Offers |
Tenant Preference
Student Friendly | |
Families Allowed | |
Pets Allowed | |
Smokers Allowed | |
DSS Income Accepted |
Availability
Available From | Today |
Minimum Tenancy | 24 Months |
Features
Garden | |
Parking | |
Fireplace | |
Furnishing | Unfurnished |
EPC Rating | E |
£450.00
per month£103.85
per week537139