Buy this property with FairShare
You could buy a 50% share of this property for £87,500 through the FairShare shared ownership scheme. See the FairShare illustration below for typical monthly mortgage and rent costs.
The Portland is a 3 bed-detached home and the accommodation consists of a bright spacious lounge, stunning fitted kitchen with dining area, downstairs WC, 3 bedrooms, luxury ensuite shower room and stylish bathroom.
Outside there is a private driveway and completely enclosed rear garden in lawn.
The property is finished to an exceptionally high specification with turnkey finish and 10 year NHBC guarantee. PLEASE NOTE: Prices are subject to change by the developer.
For more information about the development see selling agent’s website – www.mcclellandsalter.co.uk
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 rent is set at 2.5% per annum (subject to annual review).
Typical monthly costs to buy a 50% share of Ayrshire Gardens
- Property price
- Buy 50% share
- Mortgage 5-yrs2
- Monthly Costs
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: 2.5% per annum (subject to annual review). Terms and conditions will apply.
Where can I get a mortgage?
Get an idea of costs with FairShareUse the FairShare calculator to get an idea of typical monthly mortgage and rent payments. Use the calculator to see the effect of different starter shares (50-90%), mortgage interest rates, 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 Clanmil, one of 3 major housing associations in Northern Ireland - Apex and Clanmil - 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 Ayrshire Gardens with FairShare
Enquire about this property today
We’re here to help. If you have any questions on how to proceed, just contact us.
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.