Apartment prices at The Hub start at £145,000 for a one bed – equating to £101,500 under the shared equity scheme. You can also secure an apartment with a discounted reservation fee of £500 upfront and a further £500 payable on exchange of contracts.
Further details on our shared equity offer can be obtained by contacting the Marketing Suite. SPF Private Clients is also on hand to provide advice on any borrowing and mortgage questions you may have.
PICCADILLY PLACE GENERAL PARTNER LIMITED
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
This is a shared equity product. Piccadilly Place General Partner Ltd will provide an equity loan, which can either be repaid on sale or at any time during the ownership of the apartment up to a maximum of period of 10 years at which time the loan must be repaid. The equity loan will be secured by way of a second charge. The amount repayable will depend on the value of your home at the date of repayment.
Example: cash price £200,000. Seller contribution £50,000, representing 25% of the equity. If your home is worth £250,000 at the time of sale, you would have to repay 25% of this, equalling £62,500. If your home is worth £150,000 at the time of sale, you would have to pay £37,500.