A brand new home of your own at an affordable price with a low deposit!

B uy your own home from £92,500 with a deposit from £4625. Based on buying a 50% share with a 5% deposit. Monthly rent and service charge on the remaining share would be £230.

The Storkit Meadows development on Rempstone Road in Wymeswold has 4 new homes available to purchase through shared ownership. Two bedroom homes, all come with off street allocated parking, enclosed rear garden and a downstairs cloakroom. The kitchen is equipped with a hob, oven, extractor hood, and vinyl flooring. The bathrooms are fully tiled to the ceiling around the bath area, and include a shower. Reserve off plan today, and move into your new home in the new year. One three bed home will be available from early 2018. Shared ownership is a part-buy, part-rent scheme designed to help people who cannot afford to buy a home on the open market. You buy a share of a property, usually 50% or 75% on a long term lease, and pay a subsidised rent on the remaining share. Gradually it is possible to purchase further shares as they become affordable. The properties are sold on a 125 year shared ownership lease. In addition to the rent a monthly service charge is payable which includes buildings insurance; details are available from the sales team at NCHA. There is no ground rent to pay. Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply. You will need to register your interest with Help to Buy Midlands by completing an application form on their website https://www.helptobuymidlands.co.uk/ apply-online. Once assessed, they will forward your application form to NCHA. A non-refundable reservation fee of £250 is required to reserve your new home; this amount goes towards your deposit on completion. NCHA (Nottingham Community Housing Association) has recently been recognised by the government’s Homes and Communities Agency as one of the best run housing associations in the country. Having managed homes across the East Midlands for the past 40 years, NCHA has a proven track record of professionalism and value for money in construction and property management.