Shaw Close, Kingsthorpe

2 bed home available on Rentplus scheme which offers aspirational home owners an affordable opportunity to purchase their own home through a combination of affordable rent and a 10% gifted deposit. Rent. Save. Own.

Features include kitchen, lounge, private garden and WC on the ground floor, 2 bedrooms and bathroom on the first floor with shower over bath.

What is Rentplus?
Rentplus is new type of affordable housing aimed at people who aspire to home ownership. Each Rentplus property will be on the scheme for an agreed period of between 5 and 20 years. When your property reaches the end of the agreed period you will be given the opportunity to buy your home. Rentplus will also give you a deposit of 10% of the value of your home as a gifted deposit to add to your own savings. Initially, you will be given a five year tenancy, and this will be renewed every five years until the property reaches the end of the agreed period.

This property is a re-let and the lease is due to end in February 2028. You will need to be in a position to purchase this property at the end of the lease

What is the Criteria?

Applicants will need to meet the following criteria
• This property is a relet so you must be ready to purchase in approx 3 years
• You must be working
• You must have enough income to pay for your rent and bills whilst saving for a deposit
• You will need to be able to get a mortgage at the end of the term
• Minimum household of 1 persons, maximum 4 persons
• Have lived in the local area for at least 3 of the last 5 years
• Have a permanent job in the local area for more than 16 hours per week (for at least 3 months)
• Have a good credit history
• Meet the Right to Rent criteria

Please Register your interest now. Closing dates for completed applications and supporting evidence Friday 21st February 2025

Council Tax
West Northamptonshire Council, Band B

Notice
All photographs are provided for guidance only.