Kelham Riverside
Offers
We've lowered the price of our luxury two bed apartments to £145k
For a limited period, we’ve lowered the price of 5 luxury 2 bedroom apartments* at Kelham Riverside to £145,000.
The market is beginning to pick up so you must act fast if you want to live in Sheffield’s amazing urban Riverside district which is fast becoming the northern Clerkenwell. With its trendy design and PR agencies, good food café bars, restaurants, a micro brewery, award winning real ale pubs and the celebrated Kelham Island museum, Kelham Riverside is attracting creative people from all over the UK who want to be able to walk to work yet have a unique, quiet Riverside lifestyle. The area is going through a huge regeneration master plan and is set to offer Riverside living like nowhere else in the UK.
Call Julie on 0114 2756830 to arrange a show flat viewing and reserve your apartment.
*Terms & conditions apply/Selected plots only
Shared Equity isn't half as scary as it makes out
With The Raven Group shared equity deal, you can get onto the property ladder faster than you ever through possible.
Own 100% of your luxury new home for 75% of the purchase price. This is not related to the government Homebuy Scheme and is not a social housing policy, this is The Raven Group’s bespoke initiative to help first time buyers who cannot meet current 20% loan to value rates, onto the property ladder. We can help you with the cost of buying your first home through our shared equity scheme which allows you to pay 75% of your home now and the remaining 25% in five years time (interest free), or before if you sell. You will own 100% of the property and you can repay the 25% off earlier if you wish.*
Call Julie on 0114 2756830 for more information
*Terms and conditions apply
Summary of a typical shared equity scheme
- A fixed shared equity scheme where the borrower owns 100% of the property but only pays 75% of the purchase price.
- The 25% balance is an interest-free loan which is secured against the property by way of a second charge.
- There is no interest payable on the 25% unless the customer goes over the 5 year term. After 5 years interest will accrue at base plus 2 % and be added to the amount repayable.
- The buyer can repay the loan early in tranches of not less than 5% of the Open Market Value (i.e. a maximum of 4 stage payments).
- If wanting to pay early, the buyer needs to advise Raven Winbourne’s Legal Department of the current OMV and the amount he/she intends to repay.
- If Raven Winbourne Ltd disagrees with the valuation, both parties must instruct their own independent valuer to prepare a report and the value is then based on the average of the two, provided the difference is within 5%.
- If the difference between the two values is more than 5%, then both parties appoint a third independent valuer to consider the two earlier reports and decide on the OMV.
- If both parties still cannot agree, then either can call on the other to refer the matter to an RICS valuer.
- The loan is repayable early should any of the following events occur:
- The transfer of the property to another party or the death of the borrower(s)
- The sale of the property
- The redemption of the first mortgage
- The buyer being in arrears with his/her first mortgage for more than 14 days
- Any improvements in the property should be taken into account when valuing the property.
- Raven Winbourne Ltd only have a share in the original value of the property and will not benefit from any increase in value should the buyer extend or add a conservatory.
- The buyer covenants to
- Keep the property insured
- Maintain the property
- Pay the first mortgage and any service charges, ground rents, Council tax etc
- The buyer authorises the first mortgagor to provide details of the first mortgage to ensure payments are being made and there are no arrears.
- The buyer agrees to meet all our costs in granting the loan, maintaining the security and dealing with the discharge at the end. This will cover any fees which lenders may require for providing statements/balances.
News
Why Buying Now Could Be The Smartest Move YetAS the property market shows small signs of improvement with latest figures published by Nationwide showing a rise in house prices..
Unique Business Opportunities at Riverside DevelopmentONE of Sheffield’s most prestigious new developments is now complete and just released are the commercial units including retail and restaurant opportunities and offices from 600 sq ft to 7,000 sq ft.
See more news