Applegarth Manor, Oulton is a development of David Wilson Homes in the village of Oulton. Leeds City Centre is 7 miles from the development. This property is available to buy on a 25% shared ownership basis for £44,375. The property has 2 bedrooms, a fitted kitchen with oven, hob and extractor hood, down lights to the kitchen and bathroom and a lawned rear garden.
Shared Ownership is a scheme to enable first time buyers to make their first step on the property ladder. It allows you to part-rent and part-buy your home, making it possible to buy a property which otherwise may not have been affordable. Shared Ownership offers an alternative to renting and is the ideal option if you cannot afford to buy a property outright but aspire to own your own home. With Shared Ownership you buy a share of your chosen property (typically between 25% and 75%) on which you’ll have to take out a Shared Ownership Mortgage. You then pay rent, plus a service charge, on the remaining share you don’t own. Shared Ownership allows you to buy further shares of your property (Staircasing) when you can afford to do so, allowing you to completely own your home.
You are eligible to buy a home through a Shared Ownership scheme if your household income is £80,000 or less. You must not already be a homeowner. You can check if you’re eligible by clicking here and completing the application form.