Discounted Market Value Properties at Sherbourne

In order to meet the housing demand in Radcliffe on Trent, a selection of properties on offer at Sherbourne have been defined as Discounted Market Value homes, and will be available to purchase at 80% of the open market value.

These properties are available exclusively to those that meet a set of simple pre-defined criteria, outlined below.

• You must be a first time buyer.
• You must be aged 18 or over.
• You must be mortgaging at least 50% of the value of the property.

With the scheme, eligible first-time buyers can purchase 100% of the property but pay only 80% of its full market value. This discount is built in from the start, meaning:

• You own the home outright from day one
• Your deposit and mortgage are based on the discounted price, not the full value
• You get the security and freedom of full homeownership, but with a significantly lower upfront cost