Hunters ChaseRed Lodge, Bury St Edmunds, IP28
2 & 3 bedroom houses
Contact us on: 02380 820121
Hunter's Chase is an exclusive development situated in an established Suffolk village benefiting from lots of open spaces. Within walking distance to local amenities and the open spaces of Red Lodge Heath.
Red Lodge is a desirable village set in the rural Suffolk countryside and just seven miles from the historic town of Newmarket. The A14 & A11 provide travel links to various locations including Cambridge, Bury St Edmunds, Norwich and Ipswich.
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 Hunters Chase you can buy a minimum 40% 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.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been taken from 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. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
How to help your child onto the property ladder
According to Dataloft and the Ministry Housing Communities, the average UK house price has risen by over 42% in the last decade, so it’s unsurprising that first-time buyers are finding it harder than ever to save ...
Shared Ownership: making a dream home become a reality
When Debbie and Matthew Long found the perfect property for their young family, they knew that Shared Ownership was the only way they would be able to make their dream become reality. With the help of Leaders’ Shared Ownership ...
What is Shared Ownership?
Thought you couldn’t afford your first home? Think again…! The Shared Ownership scheme is a government-led initiative, designed with first-time buyers in mind. If you don’t think you can afford a large mortgage to fund ...