Local Connection Criteria
An eligible persons means a person with a connection to the primary or secondary area (priority will be given to those with a connection to the primary area) who satisfies one or more of the following criteria: (a) Being permanently resident in primary or secondary area, as appropriate, for a continuous period of at least 12 months OR (b) Being formerly permanently resident in primary or secondary area, as appropriate, for a continuous period of at least 5 years OR (c) Having his or her place of permanent work (normally regarded as 16 hours or more a week and not including seasonal employment) therein immediately prior to advertising in the primary or secondary area, as appropriate OR (d) Having a family connection through a close family member (parent, child, brother, sister) where the family member is currently resident therein and has been so for a continuous period of at least five years prior to advertising Primary Area - means the town of Newquay, including the parish of Colan Secondary Area - means the county of Cornwall If, after 90 days of advertising, an eligible person has not been found the local connection requirement does not need to be fulfilled and any person can apply providing they meet the shared ownership eligibility criteria.

Share Purchase Price Rent Examples
The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 40% share, the share purchase price will be £140,000 and the rent will be £351.89 a month. Your annual rent is calculated as 2.01% of the remaining share of the full market value owned by the landlord. Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document. All figures are subject to change.

Monthly Payment To The Landlord
In addition to the rent above, the monthly payment to the landlord includes: Service charge £48.60 Estate charge £0.00 Buildings insurance £14.97 LiveWest Management Charge £0.00 Reserve fund payment £0.00 Total monthly payment excluding rent £63.57 (these are subject to change during the purchase process)

Reservation Fee
£500.00 You’ll need to pay a reservation fee (advanced rent payment) to secure your home. When you pay the fee, no one else will be able to reserve the home. If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.

Material information
Tenure: Freehold Council Tax Band: B Local Authority: Cornwall Council Mains Services: Electric, Water & Drainage Heating: Gas Central Heating Parking: Allocated Parking Rights and Restrictions: We are currently awaiting details on any title restrictions, covenants, easements or rights of way from the seller’s conveyancer. Searches: Metalliferous Mine Search Recommended