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3 Mercian Place Shared ownership

Mercian Place, Whitchurch Road Prees, Whitchurch Shropshire, SY13 2FJ

Rent: Up to £480.00 per month based on 25% share

Price: £65,000

3 bedroom House

Key property points
  • Shared ownership - more affordable way to get on the property ladder, shares start at 25% with staircasing restrictions up to 80%.
  • Strong local connection is needed to Prees - criteria below.
  • Semi-detached 3 bed house, comprising of a large lounge, WC a modern kitchen/diner which leads out onto an enclosed rear garden.
  • Complete with two good size bedrooms, a smaller bedroom and family bathroom, all with allocated parking spaces.
  • Modern property on new development in a sought after location, close to the market town of Whitchurch.
  • Property available November 2024.
Landlord benefits
  • An opportunity to get on the housing ladder.
  • Award winning customer services - delivered from our 24 hour customer contact centre.
  • A dedicated officer - who will deal quickly with any questions or issues.
  • Free access to money advice and support - we help save our tenants thousands of pounds a year.
  • Home Contents Insurance - exclusively available to Group tenants. .
  • 30% discount on furniture - through our partner Reviive.
Property requirements
  • You will need to pay a non- refunable reservation fee of £250 once property has been viewed to secure your plot. You must be a first time buyer or not have a mortgage on another property.
  • You need to be working and have a minimum income of £21,000 per annum. You must be able to get a mortgage for a minimum of 25% share of the property value.
  • You need to have a local connection to the Prees area- Criteria below - must meet 2 of below.
  • 1) Live in local area for 3 yrs 2) Employed in local area or routinely carry out self employed work in local area or up to 5 km.
  • 3)Written offer of permanent work 4)Don't live now but have previously for 15yrs as an adult.
  • 5) Attended school for 5yrs as child 6)Parents were permanent residents at time of birth.
  • 7)Parents or close family member who need support live in local area 8)Can demonstrate 2 yrs active involvement in local community.
  • You need to have no rent or mortgage arrears or legal action by a previous landlord.
  • All household members need to be a British citizen, EEA or Swiss National.
  • This home will not be available to purchase under the 'Right to Acquire'
Lettings process
  1. Complete our online application.
  2. CONSENT. We will then email any applicants over 18 years to ask for their consent to process their details (we may need to get consent form other household members at a later stage in your application).
  3. UPLOAD DOCUMENTS. We'll email or text you when we have consent from everyone. You can then log into our website to upload the documents that we need:
    • Bank statements that cover the last 2 months forall of your (and any joint applicant's) accounts, including savings.
    • ID for everyone moving with you (e.g. passport, driving license, birth certificate).
  4. After you've uploaded your documents, we'll contact you to advise what needs to happen next with your application.
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