Belgrave Village, Birmingham

Book and speak with our Shared Ownership team, we have free financial advice available to discuss affordability and mortgage options with you.

Shared Ownership at Belgrave Village - The smart and affordable way to Home Ownership!

Book and speak with our Shared Ownership team, we have free financial advice available to discuss affordability and mortgage options with you.
Home reach are offering the opportunity to purchase a Shared Ownership Home at Belgrave village.

Located off Belgrave Middleway, you will find a thriving community called Belgrave Village.
Occupying a site that had stood vacant for over 20 years, this development is an exciting contribution to Birmingham city centre.

Just moments away from Birmingham’s thriving commercial centre, New Street Station and Grand Central shopping centre, Belgrave Village is a landmark development providing 438 city centre homes in a combination of one and two-bedroom apartments and two, three and four-bedroom houses.

Residents of Belgrave Village can benefit from living within a green oasis whilst being in close proximity to Birmingham city centre. The development also offers an indoor gym, screening room and co-working space for residents to enjoy.

ONE BEDROOM SHARED OWNERSHIP APARTMENT (SHARES FROM 50%)

Price example:
Full market value - £210,000
30% Share - £63000
Monthly rent based on a 30% share - £404.25
Monthly service charge - £104.78
Minimum deposit required - £3150


The Griffiths:
A variety of Bookend apartments are located on each row of terraced houses.

This typical one-bedroom apartment is ideal for first-time buyers and investors. Within close proximity of the city centre, this one-bedroom property is generously designed with a modern open-plan concept. Each property includes outside concealed bike storage, a spacious kitchen, dining and living area and family bathroom.

- Open-plan dining and family area
- Family bathroom
- Storage cupboard
- Outdoor cycle storage
- One bedroom

Kitchen / Diner / Living Room
24' 11" max x 14' 8" max ( 7.59m max x 4.47m max )


Master Bedroom
11' 8" max x 10' 4" max ( 3.56m max x 3.15m max )


Agents Note:
All images, illustrations, floor plans, measurements and specifications are for indicative purposes only and are subject to change.

Shared Ownership
Home Reach is a shared ownership scheme where you can buy up to 75% shares of a home. You would then pay rent, from 2.75%, on the remaining share you did not purchase and this is paid monthly via direct debit.

You can purchase more shares in the future until you own the whole property and stop paying rent altogether. You can buy more shares or sell at any time.

To be eligible for Shared Ownership you must meet the following criteria:
You must be at least 18 years old.
Your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home during your Shared Ownership credit check.

Assesment
You will need to complete a financial affordability assessment. This will determine the share value you are able to purchase.

The assessment is conducted by a Financial Advisor, taking into consideration the rent today and in 5 years time, ensuring you can afford and sustain the monthly costs.

The team on site will be able to arrange an appointment with a Financial Advisor.

Next Steps
Once you know the share value you are able to afford, you can choose the home you wish to purchase.

The maximum share you can initially purchase is 75%, shares to purchase start from 50%

Reservation
Once you have chosen your home and the team on site have sent across the reservation documents, you will be sent the Heylo Shared Ownership Eligibility form to complete.

When you have submitted this, the team will review in line with the guidelines as seen [here](https://https://www.homereach.org.uk/guides-and-faqs/shared-ownership-eligibility). You will be notified upon approval and the purchasing process will continue.