Type 6, Cotton Mount, Sealstown Road, Mallusk

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Buy this property with FairShare

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You could buy a 50% share of this property for £63,750 through the FairShare shared ownership scheme. See the FairShare illustration below for typical monthly mortgage and rent costs.

Property details

Type 6, Cotton Mount is a 2 bed semi-detached house with an area of 855 sq ft. PLEASE NOTE: Prices are subject to change by the developer.

For more information about the development see developer’s website View Point Developments or selling agent’s website colliersni.com or philiptweedie.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 rent is set at 2.5% per annum (subject to annual review).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Typical monthly costs to buy a 50% share of Type 6, Cotton Mount, Sealstown Road

fairshare-50-50

Property price
£127,500
Buy 50% share
£63,750
Deposit1
£6,375
Mortgage 5-yrs2
£287
Rent3
£133
Monthly Costs
£420

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?

There are currently 3 major UK lenders providing mortgages for the FairShare shared ownership scheme - Halifax, Nationwide and Santander.

Get an idea of costs with FairShare

Use 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 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

fairshare buildings insurance

Contents insurance responsibility of Homeowner

fairshare buildings insurance

Apply to buy Type 6, Cotton Mount, Sealstown Road 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

Contact Estate Agent

Information

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.