Kestrel Fields, Nottinghamshire

A selection of two, three and four-bedroom homes for Shared Ownership.

Show Home Open
£93,000 For 40% Share

Available properties

Two, three and four bedroom homes
  • 10 year build warranty
  • Amenities Nearby
  • Schools Nearby
  • Transport links
  • Viewings Available
  • Winter Move In Date

The development

Kestrel Fields is a fantastic new development in a highly desirable area of Nottinghamshire, East Leake. With a wide selection of 2, 3 and 4-bedroom semi-detached plots, Kestrel Fields is ideal for homebuyers seeking new-build houses for sale in Nottinghamshire via shared ownership.

Platform Housing Group is excited to be working with Millers to deliver this brand-new development, consisting of 92 properties available via shared ownership in Nottinghamshire. The wider scheme features 2-bedroom bungalows alongside our 2, 3 and 4-bedroom houses for sale.

Each property in Kestrel Fields has a turfed rear garden, allocated parking, a modern fitted kitchen, quality fittings and appliances as well as a 10-year build warranty.

The development is ideally located for families, with access to village amenities and a highly-rated school, East Leake Academy. Connections to the A6/A46 and M1 mean Nottingham and key areas in Leicestershire are within easy reach.

These beautiful new houses are available now and we can send current plot availability on request.

Please note the images used here are typical and should be used as a guide only.

 

Platform Interior Show Home Childrens Bedroom

Take a tour of Kestrel Fields

Virtual Tour

Development Brochure

Get on the property ladder

Platform Interior Show Home Kitchen
Platform Interior Show Home Living Area

with Shared Ownership

Site plan

Status

Available

Sold/Reserved

Coming soon

Filter your results

Development Phase
House Type

Local Area Information

The East Leake Academy is within walking distance of the development and has a 'Good' ofsted rating. As part of a £14m investment into the education system in the village, the Millside Spencer Academy is also being built.

Great transport links to the A6, A606, A53 and within 5 Minutes of the M1 junction 24. East Midlands Parkway and Loughborough train station and East Midlands International Airport are a short drive. For those that don't drive, the development is located close to a major bus route that has links into Nottingham.

Kestrel Fields development is within in easy walking distance to the bustling village of East Leake, where you will find a range of shops, pubs and take away outlets

Why choose Shared Ownership in Nottinghamshire?

If you’re looking for shared ownership houses in Nottinghamshire please pre-register your interest for Kestrel Fields and we will contact you with further information.

Shared ownership is a fantastic opportunity if you’re unable to purchase on the open market. It allows you to buy a share in a property on a part-buy/part-rent basis and pay a subsidised rent on the share you do not own. 

Over time, you can purchase more shares in the property via the staircasing process. This can be done at any time after initial purchase and reduces the amount of rent you pay. 

We offer shares between 25% and 75% of the property value depending on the outcome of your affordability assessment. The higher the share you purchase, the lower the rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to purchase outright. Deposit amounts will be lower than purchasing a property on the open market, while the combined cost of mortgage and subsidised rent is often cheaper than privately renting.

Shared ownership uses the following criteria to help people get onto the property ladder: 

Maximum annual household income of £80,000

Unable to purchase a home suitable for your needs

One of the following statements must also be true:

  • You’re a first-time buyer
  • You used to own a home but can’t afford to buy now
  • You’re forming a new household - typically after a relationship breakdown
  • You’re already part of the Shared Ownership scheme but want to move
  • You own a home and want to move but can’t afford the new home that meets your needs

If you think that you’re eligible and interested, please get in touch with us today.

Homes at this development can be purchased between 25% - 75% of the property's full market value.
You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%.
Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

Next Steps

1

Information

For further information, please download our brochure below.

2

Enquire

Please submit an enquiry to Platform Home Ownership and the dedicated Sales Consultant for the development will make contact with you.

3

Apply Now

The Sales Consultant will send you the application form for you to complete. Please return the completed form back to us via email to sales@platformhg.com .

4

Affordability

Upon receipt of your application and once approved we will refer you for an affordability assessment to determine the most affordable share for you.

5

Availability

Once passed, we will then send you an offer letter for your chosen plot where possible


 

Available properties

Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years

applicant has permanently lived in the area for a number of years

applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing

applicant has been permanently employed in the area for a number of years

The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.