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The Alders

The Alders, Heron Rise, NR18 9EH

Shared ownership

Register your interest

From
£189,000
With min. deposit
£9,450

Developer Phone Number: 01953 660527

From
£189,000
3 bedroom

	£189,000 3 bedroom semi-detached house
Availability	For sale
Advertised Share	60%
Full market price	£315,000
Deposit from	£9,450
Monthly rent	£288.75
Monthly Mortgage Cost	£1,045
Total Monthly Spend	£1,334

Bedrooms	3
Bathrooms
Number of floors	3
Tenure	leasehold

Overview

Deposit Match
- With Deposit Match, we could help you move into your new home with a larger deposit. Put down a 5% deposit and we'll top it up by 5%, helping you secure your dream home.
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Terms & Conditions apply. Find out more here.

Let's get you moving to The Alders with help from our incentives and schemes

Situated at the edge of the bustling and sought after market town of Wymondham, you’ll find The Alders offering a collection of high quality 2, 3, 4 & 5 bedroom homes. With its excellent location close to the A11, it’s the ideal, idyllic choice for commuters.

The development features a beautifully balanced landscape of homes nestled …

Brochures

The Alders Digital Brochure

Site Plan

dev_208-20827_siteplan_00

FAQs

What is shared ownership?

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Eligibility criteria

The eligibility criteria for Shared Ownership is simple; as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify.

Your annual household income (that’s both yours and your partners’ if buying together) can’t exceed £80,000 (or £90,000 in London) and you’ll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit. There’s no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability assessment.

Is Shared Ownership just for first time buyers?

No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.

Disclaimer

The figures and estimates shown in this plot illustration should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI or CPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 25-year repayment loan at a 95% LTV. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

Register your interest

From
£189,000
With min. deposit
£9,450

Developer Phone Number: 01953 660527