The Grange

Set in the vibrant village of Wellesbourne in southern Warwickshire, The Grange is the perfect location for buyers looking for semi-rural living combined with easy access to major towns and cities. There’s a choice of two and three bedroom Shared Ownership homes at The Grange – perfect for first-time buyers through to families looking for more space.

The Grange is within easy reach of local amenities and has everything you need for day-to-day living, with a select range of shops, restaurants and pubs. The popular Wellesbourne Airfield Market is open every Saturday from 9am to 4pm, and you’ll be within easy reach of the new Sainsbury’s superstore. Stratford-upon-Avon, Warwick, Leamington Spa and Birmingham are all within easy reach, providing a wide range of fantastic shopping, leisure and cultural amenities.

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At The Grange you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London) 
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. 
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.