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From £557 per month with shared ownership*
Places for People are excited to offer a limited collection of 4 stylish new two-bedroom homes at Timeless, Leeds.
Located just four miles from Leeds city centre, Timeless strikes the perfect balance of suburban living along with urban conveniences.
These homes are designed with the modern lifestyle in mind, meaning your time here will be nothing short of delightful.
There are four well-designed, 2-bedroom homes on offer which are perfectly suited for couples, downsizers or a small family.
All these homes come with a great level of specification throughout, with the ground floor boasting a kitchen/diner opening out to the rear garden and a spacious lounge adjoining it. Moving upstairs you’ll find two generously sized bedrooms, one with in-built storage.
Being a modern, brand new home, you’ll benefit from superb efficiency meaning that your home will be kept warmer whilst saving you money on your fuel bills every month.
This limited collection of homes is offered to you under shared ownership, which means you can be living in one of these new homes by only purchasing a share between 25% and 75% and paying rent on the rest. It’s a simple and cost effective way of owning your own home.
*The above mortgage example is based on a mortgage of £83,000, which is a 50% share of the original purchase price of £174,995, and subject to a 5% deposit of £4,375. On a two year fixed rate (3.19%) with a monthly payment £328.39 per month over two years. Rent and service charges also apply. This is an indicative cost and rates are subject to change. Terms and conditions apply. The shared ownership scheme is only open to first-time buyers, or those who used to own a home but can no longer afford one.
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A limited collection of four stylish new shared ownership homes.
Situated perfectly for convenience with a number of large stores over the road, along with a handful of restaurants and eateries close by. There’s also a number of landscaped parks nearby, with the closest being Primrose Valley Park – a large open space featuring woods & meadows, all connected by a series of walking paths.
Crossgates Shopping Centre located a mile away is home to a collection popular high street stores and cafes. Just outside the shopping centre, you’ll find an area packed full of independent stores and businesses.
For both growing and aspiring families, there are three primary schools all within a mile or so of the development, and for secondary school children, there’s three schools nearby.
Pursue the city life by hopping on a bus and be in the heart of Leeds in just 20 minutes. The city of Leeds needs no introduction, with its vast array of shops, restaurants and bars, there’s always a reason to pay it a visit.
Shared ownership is a great way to get onto the housing ladder if you can't afford the full purchase price of your home straight away.
With shared ownership you purchase an initial share of your home, between 25% and 75% of the property’s value and then pay a rent on the remaining share. It’s a simple and cost effective way of owning your own home.
Even better, because you are buying a share of the property the deposit you need to have saved is smaller too.
If you wish to in the future you can decide to buy further shares in your home in stages or all at once, this is called staircasing.
You can apply to buy with shared ownership if:
This will vary depending on your circumstances. An Independent Financial Advisor will carry out a financial assessment and affordability calculator to determine the exact share you can afford to buy. They will also carry out a basic affordability check with the most appropriate lender, to ensure you are able to secure a mortgage to assist with your purchase.
Absolutely. You can choose to increase the amount you own gradually, until you own 100%. The cost of the additional shares will depend on the current market value of your home at the time you wish to buy more. By doing this you reduce the rent you are paying as you buy more of the home.
You will have a shared ownership lease which tells you your rights and responsibilities which include being responsible for the maintenance and repairs on your home as well as paying your rent, service charges and your mortgage payments.
Contact our Sales Team at your nearest development who’ll talk you though the scheme, answer any questions you may have and even help you to purchase a beautiful new home.
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