3 Bedroom House in Sheffield S5 near Northern General Hospital

£3,995
Location:
Firth Park, Sheffield
Posted: 25/10/2009 11:11

Tired of throwing money down the drain renting but can't afford to buy?
Are you fed up with paying rent to your landlord with no prospect of ever owning the property that you’re renting?
Do you want to get on the housing ladder but can't get a mortgage or don’t have a big deposit? .
Why not rent your next place now and buy it later when you can afford to?
Our Rent to Buy Scheme may be the answer!

This is how it works:

The purchase price is £90,000
Minimum deposit required of £3,995
The normal rent is £475 per month.
You will pay a minimum of £600 per month. Of this amount that you pay each month £475 is your rent, £125 goes towards your deposit to buy the property in the future.

Every month we will add £125 per month towards your deposit.

Savings in year 1
= £90,000 purchase price
£3000 deposit = £87,000 purchase price
£125 deposit payments X12 months = £1500
= £85,500 purchase price

Savings in year 2
=£85,500 purchase price
£125 deposit payments x12 months = £1500
= £84,000 purchase price

Savings in year 3
= 84,000 purchase price
£125 deposit payments x 12 months = £1500
=£82,500 purchase price

Any improvements you make to the property you get the benefit.

Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home

If the value of the property has increased you also get the benefit.

No mortgage is required until you buy in 2012. (but you can buy at any time

We can help you get advice on your mortgage in 2012, or sooner, with your deposit fund.

Move in, and buy later - or walk away! You do not have to buy if you change your mind.

Beautiful 3 bedroom house with additional converted attic room
Gas Central Heating
Large front driveway and large rear garden
Family friendly area close to local shops and amenities
Walking distance to Northern General Hospital
Easy access to all major motorways and Meadowhall Shopping Centre
Would make ideal family home.