5 Coopers Meadow, Bednall
50% Shared Ownership £125,000

There are incremental percentage shares available ranging from 10% to 75% on the first share purchase (subject to affordability). There is also a restricted staircasing maximum of ownership caped at 80%. Future staircasing options are available in 1% increments capping at 80%. The share available is based on the affordability assessment.

Rent is payable on the remaining share retained by Homes Plus part of The Housing Plus Group at a rate of 2.75%. There is also a service charge fee of £24.41 per calendar month. This amount is payable, regardless of the % share purchased. Examples: 100% value = £250,000 Purchasing at 25% = £62,500 purchase price, rent payable £429.68 pcm Purchasing 50% = £125,000 purchase price, rent payable £286.46 pcm Purchasing 75% = £187,500 purchase price, rent payable £143.23 pcm

Tenure- Leasehold. The lease is for a period of 990 years from the purchase completion date. Ground Rent & Service Charges Apply.

These 2-bed Semi-detached homes are ready to apply for now. To the front of the properties is the hallway with access to the modern kitchen. Also off the hallway is the convenient WC. At the back of the open plan lounge/diner area, which is a great space to relax with the family, are the patio doors opening out onto the garden, this is a perfect area for entertaining. The garden area comes turfed and fenced. Up-stairs there are two good sized bedrooms and a family bathroom. Vinyl flooring is provided to the kitchen area, downstairs WC and family bathroom. These energy-efficient homes are heated throughout with electric heating, consisting of Aeroflow Radiators, plus they have solar panels. The properties also benefit from having 2 off road parking spaces. Note: Floor plans–for left/right-handed plots the layout may mirror the image.

Before you can apply to buy a shared ownership home with Severn Homes part of Homes Plus, you will need to undertake a no-obligation, initial financial assessment with a financial advisor to ascertain the maximum share you can afford.

We work closely with ‘The Mortgage People’ (TMP) they will help you complete the initial financial assessment. You can get a free ‘Initial Assessment’ by following this LINK, https://tmpmortgages.co.uk/assessment/ or calling 0800 488 0814. They are open, Monday to Friday 9am-5pm or via “Live Chat” until 8pm weekdays and between 10am-4pm on a Saturday. TMP will email us the outcome of your initial financial assessment based on your preferred development and plot. A member of our sales team will then contact you to confirm the outcome of the initial assessment and advise you of the next steps. Note: This free initial financial assessment is essential whether you’re applying for a mortgage or purchasing your shares outright with cash. This will show you what share you can afford to apply for and is free. There may be a charge when you proceed to apply for a mortgage.

Properties are sold on a first come, first served basis. Therefore, to avoid missing out, don’t delay, apply today. Some plots are sold ‘off plan’ and viewings may not be available straight away or until the initial financial assessment has been passed. https://www.severnhomes.co.uk/wp-content/uploads/First-Come-First-Serve-policy-v1-July2024.pdf

1) Additional information is available in the Key Information Document 3, To view KID3 this click this link. https://www.severnhomes.co.uk/wp-content/uploads/KID3.-Key-Information-Document-3-Common-Lane-Bednall.pdf . Key Information Document 2 will be issued before the reservation fee is paid. 2) A financial assessment is required for those requiring a mortgage and cash purchasers. 3) These plots are sold off plan. The anticipated build completion date of February/March 2025 is a guide and should not be relied upon until a fixed date has been given. More information about shared ownership can be found here. Remember, failure to pay your rent, service charge, or mortgage could mean your home is at risk of repossession. Severn Homes is part of the Homes Plus Group.

Priority Order Applicants for shared ownership in Bednall must meet local connection criteria, listed in priority as follows: Primary Suitable Households (Initial priority between 11th December 2024 and 2nd January 2025): Current or Former Residents: Individuals who have lived in Bednall for at least 3 of the last 5 years, or 10 of the last 20 years. Family Connections: Those with parents, siblings, grandparents, or adult children who currently live in Bednall and have done so for 3 of the last 5 years or 10 of the last 20 years. Employment in Bednall: People who have worked in Bednall for at least 3 of the last 5 years or 10 of the last 20 years. Secondary Suitable Households (If no suitable primary applicants found, then the areas widen from 3rd January 2025: Applicants from nearby parishes, will be prioritised in this order: Bednall , Acton Trussell, and Teddesley Hay,Dunston, Coppenhall, and Penkridge, Any parish within the South Staffordshire District. (further information can be found HERE).

Once an offer is accepted on a property marketed by Dourish & Day estate agents we are required to complete ID verification checks on all buyers and to apply ongoing monitoring until the transaction ends. Whilst this is the responsibility of Dourish & Day we may use the services of MoveButler, to verify Clients’ identity. This is not a credit check and therefore will have no effect on your credit history. You agree for us to complete these checks, and the cost of these checks is £30.00 inc. VAT per buyer. This is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.