Buy this property with FairShare
You could buy a 50% share of this property for £74,500 through the FairShare shared ownership scheme. See the FairShare illustration below for typical monthly mortgage and rent costs.
Property details
The Alder is a 3 bed detached house with an area of 1067 sq ft. PLEASE NOTE: Prices are subject to change by the developer.
For more information about the development see selling agent’s website templetonrobinson.com
Get help to buy this property with FairShare
FairShare is a shared ownership scheme for Northern Ireland. If you are trying to get onto the property ladder, but can’t get a big enough mortgage then FairShare might be for you.
Buy a share
If you are eligible for FairShare you could take your first steps into home ownership by buying a share of this property now, with the option to buy more, or all of the property when it suits you. The initial share that you buy must be between 50% and 90% of the property.
Rent a share
If you opt to buy a 50% share of this property, you will be required to pay rent on the remaining 50% share purchased by your FairShare partner. FairShare rents are set WELL BELOW market value levels to help you meet all of the costs of home ownership.
Typical monthly costs to buy a 50% share of The Alder, Hedgeleigh, Brokerstown Village
- Property price
- £149,000
- Buy 50% share
- £74,500
- Deposit1
- £7,450
- Mortgage 5-yrs2
- £336
- Rent3
- £62
- Monthly Costs
- £398
Example FairShare illustration above is based on: buying 50% share and renting 50% share of this property; 1 putting down a mortgage deposit of 10% of the value of the share being purchased; 2 taking out a first time buyer mortgage over a 25-year term with the rate of interest fixed for first 5 years at 3.49%; 3 FairShare rent charged: 1% per annum in years 1&2; 1.75% per annum in years 3&4; and 2.5% per annum in year 5 onward (subject to annual review). Terms and conditions will apply.
Where can I get a mortgage?
There are currently 3 major UK lenders providing mortgages for the FairShare shared ownership scheme - Halifax, Nationwide and Santander.
Get an idea of costs over first 5 years
Use the FairShare calculator to get an idea of typical monthly mortgage and rent payments for the first 5 years. Monthly mortgage payments displayed in the calculator are based on a 5-year fixed rate of interest. You can use the calculator to see the effect of different 5-year fixed interest rates, varying mortgage terms and any deposits that may be required.Use the FairShare calculator to work out typical monthly payments.
Who is my FairShare partner for this property?
Your FairShare partner for this property is Apex , one of 3 major housing associations in Northern Ireland - Apex, Clanmil and Choice - who are providing help for homebuyers through the FairShare shared ownership scheme.
Who pays for buildings and contents insurance?
Your FairShare partner will ensure that buildings insurance for this property is in place. You will be required to pay a small charge toward the cost of buildings insurance for your share of the property. However, it will be your responsibility to have appropriate contents insurance in place.
Low-cost buildings insurance provided by FairShare Partner
Contents insurance responsibility of Homeowner
Apply to buy The Alder, Hedgeleigh, Brokerstown Village with FairShare
Enquire about this property today
We’re here to help. If you have any questions on how to proceed, just contact us.
Contact FairShare
- 0300 123 1191
- info@fairshare.org.uk
- FairShare
6 Cromac Place,
The Gasworks,
Belfast.
Contact Estate Agent
- Templeton Robinson
- Visit agents website
- 028 9051 6849
Information
The FairShare scheme does NOT require you to take out a 5-year fixed rate mortgage. The FairShare calculator uses a fixed rate of interest over the first 5 years for illustration purposes only.
The FairShare scheme requires that you use a repayment type mortgage. Interest only mortgages are not permitted with FairShare.
You should consult an independent financial adviser before committing to buy this property.
Property values can fall as well as rise.