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4 Cults Drive, TOMINTOUL
Price TBC* Applications with a local connection prioritised *Rural Housing Burden attached to the title of the property |
in partnership with
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Description
The property at 4 Cults Drive in Tomintoul was built by Alpha Projects (Scotland) Ltd. in 2023. Funding for this project was partly provided by The Scottish Government's Rural & Islands Housing Fund, Social Investment Scotland, TGDT, HIE, CARES and Dorenell Windfarm CBF.
The property is located centrally within the village of Tomintoul where surrounding properties are generally of a similar residential style and nature.
The local primary school sits opposite the property. Local facilities and amenities are nearby.
Property is available to purchase in now at a discounted sale price of:
TBC (37% discount is applied from the Market Value)
Factoring charges for the maintenance of the communal areas will be confirmed at the time of offer
Reservation fee of £500 will be payable and deducted from sale price at the time of settlement
The property is located centrally within the village of Tomintoul where surrounding properties are generally of a similar residential style and nature.
The local primary school sits opposite the property. Local facilities and amenities are nearby.
Property is available to purchase in now at a discounted sale price of:
TBC (37% discount is applied from the Market Value)
Factoring charges for the maintenance of the communal areas will be confirmed at the time of offer
Reservation fee of £500 will be payable and deducted from sale price at the time of settlement
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APPLICATION CRITERIA
Communities Housing Trust allocate properties based on a community led allocation policy. The main principles of the allocation policy will be based on the eligibilty criteria set out below
We will prioritise applications that meet at least one of the following
Mortgage Finance
We will undertake a financial assessment to ensure that you are likely to secure a mortgage. Whilst you can approach any lender to secure a mortgage, you will find that some lenders do not accept the conditions applied to the homes to protect the affordability element (ie: the Rural Housing Burden).
We strongly recommend that you take financial advice before entering into any commitment to purchase a property in order to be satisfied that the appropriate mortgage products will be available to allow you to complete any purchase.
We will prioritise applications that meet at least one of the following
- Living in the area where the property is located
- Have immediate family there
- Work/job offer in the area
- Have a need to live there
- Currently living outwith the area who can add social and economic benefit by moving to the area
- Can release a social rented house
- Household numbers are the best fit for the accommodation size
Mortgage Finance
We will undertake a financial assessment to ensure that you are likely to secure a mortgage. Whilst you can approach any lender to secure a mortgage, you will find that some lenders do not accept the conditions applied to the homes to protect the affordability element (ie: the Rural Housing Burden).
We strongly recommend that you take financial advice before entering into any commitment to purchase a property in order to be satisfied that the appropriate mortgage products will be available to allow you to complete any purchase.
Apply