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THE SHARED EQUITY SCHEME AT ALBION PLACE, NOTTINGHAM
Get 100% of a brand new house to live in for 75% of the price. That’s the offer on the table through an innovative shared equity scheme by local housebuilder Gladedale East Midlands.
Gladedale’s scheme could mean you are able to afford that extra bedroom in their development at Albion Place. Premium housebuilder Gladedale East Midlands will retain 25% ownership of the three bedroom homes at Albion Place so buyers only have to come up with the mortgage for 75% of the cost of the properties, priced at £132,995.
The mortgage for a brand new three bedroom semi-detached home at the Albion Place development would be under £100,000.
Plus there’s no rent to pay on the retained share and no need to think about the other 25% for ten years. In ten years it’s a reasonable assumption that house prices may have moved in your favour so it could be the ideal time to invest.
The Albion Place development has already proved a popular choice with home buyers in the area and many of the two, three and four bedroom properties have already been snapped up. The quiet cul-de-sac of homes is an ideal location for families of all sizes. Private gardens and single garages come as standard with every home at Albion Place, offering convenient family living.
Paul White, sales manager for Gladedale East Midlands, said: “The homes at Albion Place are built under the Primo by Gladedale brand which is committed to building affordable housing in convenient locations.
“Primo by Gladedale builds quality homes with a stylish finish and Albion Place is no exception. The shared equity scheme, available on a limited number of 15 properties, offers a helping hand for those who are keen to get onto, or move up, the property ladder.”
Prices at Albion Place, Notts range from £111,995 to £189,950.
11 Sep 2007
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