New Shared Ownership Homes In Telford
Posted 19 December 2023 by
Helen ChristieCharlton Gardens is a collection of new two-, three- and four-bedroom detached and semi-detached homes, designed and built by WhatHouse? Award-winning developer Countryside Properties. Homes at the development are now available to purchase with Bromford Shared Ownership.
Charlton Gardens is located just five miles from central Telford, and only two miles from the historic market town of Wellington which offers plenty of amenities.
Shared Ownership gives first-time buyers and those who do not currently own a property the chance to secure a new build home with Bromford. Homebuyers pay a mortgage on the share they own and pay rent on the remaining share, meaning only a smaller deposit is required. homes at Charlton Gardens are available to purchase from 25% to 75% Shared Ownership. Once your home is purchased you will have the option to increase the amount of shares that you own, in a process called staircasing. The greater the share you buy in your home the less rent you will pay to your home. Ultimately, where available, buyers can staircase to buy 100% of your home, meaning you become an outright owner, and you will no longer need to pay rent.
Built specifically to help meet the needs of local people, priority will be given to applicants who have a connection to Telford and Wrekin Council. If you have been a resident (or employed within) the area for a number of years (usually between 2-5) or have family connections, for example, parent, grandparent, child, grandchild or adult sibling, who have lived in the area for at least three years.
Prices at the development start from £86,000 for a 40% share.
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