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News & Events
UNIQUE OPPORTUNITY TO PURCHASE A BRAND NEW HOME ON A PART BUY - NO RENT SCHEME
Merlion Homes are pleased to announce the release of the second phase of shared equity homes at The Meads, Sittingbourne. This scheme offers purchasers a chance to either get onto the housing ladder or move upwards if circumstances demand but finances are tight.
The Merlion Assisted Purchase Scheme (MAPS) helps local people to buy a new home at a level significantly lower than its full open market value. No rent is payable on the non purchased part, Merlion funds this and protects its interest by means of a legal second charge. This allows Merlion to recover the funding when the property is sold, although it may be able to possible to pay it back by arrangement before this. The amount repaid is linked to the value of the home at the time the funding is repaid.
In order to qualify for the scheme, buyers must be unable to purchase a similar property at the open market value and must either live, work or have family connections with the area.
UK Direct are the agents acting for the development and will be able to answer any questions about the scheme and the properties currently available.
There are just 12 homes for sale, varying from 2 bed apartments to 4 bed townhouses - perfect for the growing family. Prices range from £105,000 to £182,000 for an 80% share. All the homes will be ready for occupation by early Summer 2006.
This a unique opportunity - there are many homes on the market both new and second hand, but only a few available on this scheme - don't delay - phone today!!
For further information, please contact UK Direct on 01795 430555.
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