Features and description
The property
Three bedroom homes coming soon at our upcoming development, Staverton Lodge located in Daventry, Northamptonshire.
Introducing Staverton Lodge, a new development of two and three bedroom homes coming soon to Northamptonshire.
Introducing Staverton Lodge, situated on the outskirts of Daventry in Northamptonshire. The brand new development offers a selection of two and three bedroom homes available with Shared Ownership. Offering customers with the opportunity of living in a charming village, with a deposit amount and monthly mortgage cost which is achievable.
Daventry offers excellent transport links to larger towns and cities with Northampton, Leamington Spa and Coventry all within 20 miles distance. Making it a desirable place to live for those who commute regularly.
Within the town of Daventry, all your day-to-day amenities are covered. With a variety of convenience stores, independent shops including coffee shops and attractions for the family to enjoy.
With only 28 miles to travel to reach Northampton city centre, residents of Staverton Lodge will benefit from the array of amenities the city has to offer.
The development itself consists of a range of modern and spacious homes, complete with high quality fixtures and fittings to facilitate a range of home-buyers.
![Stallings Place Open Day](/sites/default/files/styles/spotlight_full_width_image/public/2023-12/_DSC1190_0.jpg?h=5e08a8b6&itok=Kw2SIX5B)
A Complete Guide to Shared Ownership
A new home for you
![Interior Show Home](/sites/default/files/styles/block_image_5050/public/2023-12/_DSC0534_0.jpg?h=5e08a8b6&itok=QgU6iBDb)
![Interior Show Home](/sites/default/files/styles/block_image_5050/public/2023-12/_DSC0858_0.jpg?h=5e08a8b6&itok=3G5zu13a)
to make your own
Local Area Information
Daventry offers a wide selection of schools which have been deemed 'Outstanding' or 'Good' by OFSTED.
The closest school to Staverton Lodge is Abbey CE Academy, which caters for children aged 7-11 years and has been rated 'Good' by OFSTED. This school is only a 5 minute drive away.
Daventry is situated in an excellent location for transport links. With the A45, A5 and M1 close by, travelling to larger towns and cities around Northamptonshire can be achieved with ease.
The nearest train station is 12 minutes away by car.
The town of Daventry offers a wide variety of local amenities for residents to enjoy and use at their convenience. The closest supermarket to Staverton Lodge is Morrisons, which is only a 2 minute drive away. Daventry also includes a Tesco Superstore, an Aldi and a Waitrose.
If you are looking for a new restaurant to try out, the High Street in Daventry is just a 6 minute walk away where you can find an array of different restaurants to choose from, ranging from high street brands to independent businesses.
Am I eligible?
Shared Ownership uses the following criteria to help people get a foot on the housing ladder:- Maximum annual household income of £80,000
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
Use the Shared Ownership mortgage calculator to estimate the cost of buying this home
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.
Enquire Now
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.