Bethune Avenue, Hull

Wonderful modern three-storey town house on Boothferry Estate opposite Sainsbury’s Local with three double bedrooms, two bath/shower rooms, WC, private front parking space, fully enclosed garden, spacious residents’ car park, and it’s chain-free too! Help to Buy Shared Ownership Scheme (25% share) with strict buyer eligibility criteria.

This is an excellent opportunity to buy a fabulous modern town house through a Help to Buy Shared Ownership Scheme (25% share). The property is situated on Boothferry Estate opposite Sainsbury’s Local, so it is within easy reach of Hessle, Anlaby and Hull. The house itself is set out over three floors. The ground floor comprises an entrance hall, lounge, dining kitchen, and WC; the first floor, a landing, two double bedrooms and a bathroom, and the second floor, a small landing and one double bedroom with an en-suite shower room. The house is fitted with PVCu double glazing and gas central heating. To the front of the property is a private parking space, whilst to the rear is a fully enclosed garden with a pedestrian gate opening onto a large residents’ car park. This is a wonderful, affordable property in a highly convenient location, so if you are eligible (see full listing for details) contact Hudson’s to book your viewing!

CONDITIONS OF PURCHASE
The purchase price for this property is £43,750 in return for a 25% share of the leasehold title to this property. This property is being sold under a Shared Ownership Scheme operated by Together Homes. Together Homes is part of Together Housing Group, a leading provider of homes across the North of England. They are a not-for-profit organisation; any money they make from the sale of their homes is reinvested in building more homes and servicing their customers. Help to Buy Shared Ownership is a way to start out on the property ladder if you can’t quite afford the mortgage on 100% of a home. Put simply, you part buy, part rent your home. You purchase a share, usually between 25% and 75%. You then pay a proportionate rent to Together Homes for the share you don’t own. Based on 25% ownership, the current rent is £284.19 per calendar month. In addition, there is a monthly service charge of £40.97 towards the maintenance of communal areas (e.g. residents’ car park).

You can buy greater shares in your home as and when you can afford to. This process is called ‘staircasing’. In many cases, you can eventually own 100% of your home outright, at which point you will pay only your mortgage, but no rent (although the service charge still applies). This property can only be sold to a buyer/household that meet the strict qualifying/eligibility criteria. Prospective buyers will only be authorised to proceed with the purchase after successfully passing the qualifying criteria and they must then complete an application via Help To Buy (https://www.helptobuyagent1.org.uk/apply/). This property must always be the owner’s principle or only home, and you may not sublet all or part of it.,

QUALIFYING/ELIGIBILITY CRITERIA
The Homes England criteria for Help to Buy Shared Ownership is as follows:

•You must be at least 18 Years old for this property.
•You should be a British citizen or have indefinite leave to remain.
•You need to have access to or be able to raise approximately £2,500 to cover the cost of buying a home.
•Your annual household income cannot exceed £80,000 per year.
•You should generally be a first-time buyer. If you do already own a property, you must be in the process of selling it.
•The Shared Ownership home you’re looking to buy must be your only home and you must not sublet it.
•You should not be able to afford to buy a home suitable for your housing needs on the open market.
•You must provide proof that you are not in mortgage or rent arrears.
•You must demonstrate that you have good credit history and can afford the regular payments and costs involved in buying a home.

You would need to obtain Help to Buy approval by completing the following application form: https://www.helptobuyagent1.org.uk/affordable-home-ownership-application-shared-ownership-rent-to-homebuy-opso/.

Once you have Help to Buy approval you will be able to submit an offer on the property through the estate agent, Hudson Property. Please email your offer with all supporting information and documentation to info@hudson-property.co.uk.

Once your offer has been accepted, Together Homes would then need to carry out an Eligibility & Affordability Check, for which they would require the following documents:

1.Photographic ID (i.e. Passport)
2.Proof of address (i.e. Driving Licence)
3.Last 3 months wage slips or proof of income
4.Last 3 months current account bank statements – Please send all pages including the transactions.
5.Proof of deposit and mortgage in principle documents, or proof of funds. Details of monthly repayments for any debt including car finance.

Once you have been formally approved by Together Housing, you are then in a position to instruct solicitors to proceed with your purchase. You should NOT instruct a solicitor until you have received written approval from Together Housing.

If you require further information or advice about your eligibility, please contact Together Homes on 0300 330 5522 or by emailing sales@mytogetherhome.co.uk.

TENURE
The 25% share of this property is held as a Leasehold interest in the property, not Freehold, with a 125-year lease commencing 1st January 2019. There is no ground rent but there is a monthly service charge which is currently £40.97 and which contributes towards the maintenance of communal areas (e.g. residents’ car park). Because the other 75% share is owned by Together Homes, you pay them a proportionate monthly rent, which is currently £284.19 per calendar month.

OTHER INFORMATION
The tenure of this property is Freehold. We believe the house to be of cavity wall construction, to be connected to mains gas, electricity, water, and drainage, and to be connected to landline telephone and Internet broadband.

STAMP DUTY
Many property purchases are subject to Stamp Duty Land Tax, and there have been significant changes in recent years to the rules governing stamp duty and the amounts levied. HM Revenue & Customs have an online calculator to assist you in working out what stamp duty you may have to pay in relation to your purchase (https://www.gov.uk/stamp-duty-land-tax) but please always check with your solicitor.

COPYRIGHT
All photographs, images, and video footage taken, used or provided by Hudson Property are the exclusive property of Hudson Property Angels Limited and are protected by copyright law. The images may not be reproduced, copied, transmitted or manipulated without the written consent of a director of Hudson Property Angels Limited. All music used by Hudson Property is done so under licence.

REFERRAL FEES
We often recommend buyers and sellers to local conveyancing providers. It is your decision whether you choose to deal with any of the providers that we recommend. Should you decide to deal with one of these providers, you should know that we would expect to receive from them a referral fee of between £50 and £100 for recommending you to them.