№ files_lp_3_process_9_48608
File format: docx Character count: 6017 File size: 41 KB
Informational housing scheme statement outlining the terms, financial structure, eligibility criteria, and lease conditions for the shared ownership sale of a specific residential property in Wiltshire.
Address: 33 Asquith Avenue, Melksham, Wiltshire, SN12 7GY
Region: Wiltshire, England
Property type: 2-bed end terrace house
Scheme: Shared ownership (standard model)
Tenure: Leasehold
Lease term: 120 years
Full market value: £250,000
Minimum initial share: 25%
Maximum share: 100%
Rent calculation: 2.75% of the remaining share of the full market value
Rent review: Annual review based on Retail Prices Index (RPI) plus 0.5%
Service charge: Not specified
Estate charge: £14.79 per month
Buildings insurance: £7.79 per month
Management fee: £2.26 per month
Total monthly payment excluding rent: £24.84
Reservation fee: £250
Eligibility criteria: Household income £80,000 or less; inability to afford full market purchase; local connection to Wiltshire Council required
Landlord: Selwood Housing Society Ltd, Bryer Ash Business Park, Bradford Road, Trowbridge, Wiltshire, BA14 8RT
Landlord’s nomination period: 8 weeks
Subletting conditions: Permitted for a room only while residing; full subletting restricted
Pets policy: Written consent required
Price: 8 / 10 USD
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