Albion Yard by Legal & General Affordable Homes in Redhill

FINAL APARTMENTS AVAILABLE! 

Perfectly in tune with modern living
A vibrant community of contemporary Shared Ownership one and two bed apartments in Redhill, Surrey offering the perfect place to call home.

The brand-new apartments combine charming features and everyday conveniences while offering plenty of natural light and neutral décor, waiting for you to design as you wish. High speed fibre broadband access, a secure video entry system and stunning integrated appliances will make living at Albion Yard a delight.

Voted London's second-best commuter town to live in, thanks to its superb transport links, prime location moments from the Surrey Hills and M25, as well as excellent education settings, Redhill has so much to offer. With a £90-million programme of investment in the town, now is the time to get on the property ladder and enjoy life at Albion Yard.

With over 35 daily direct services to London as well as the charms of the Surrey Hills right on your doorstep, Albion Yard truly offers the best of both worlds and is the perfect place to be.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.

Shared Ownership Apartments at Albion Yard will be available to move into from Autumn 2024.

Homes are available to purchase from a 25% share.

Financial Breakdown:

• Full Market Value: £265,000 - £370,000
• 25% Share Value: £66,250 - £92,500
• 5% Deposit of 25% Value: £3,313 - £4,625
• Rent on Unowned Share: £456 - £636 per month
• Estimated Service Charge: £194.09 - £258.46 per month 
• Council Tax: TBC*

For more information please register your interest today.

WHAT IS SHARED OWNERSHIP?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).

ELIGIBILITY CRITERIA:

To be eligible for a home at Albion Yard, you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Must have a living, working or family connection to the Borough of Reigate & Banstead or Surrey
• Have a minimum of £5,000 to cover the costs of buying a home

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help