McLaren Apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

Just Say Yesto a Shared Equity apartment from Cordale Housing Association

Nestled away on the banks of the River Leven,Dalquhurn Estate offers a beautiful and tranquilsetting for all. To the north lies Loch Lomond,which boasts fantastic scenery, just follow theRiver Leven to witness these majestic views.

Dalquhurn Estate which is located in the village ofRenton and is close to all amenities. The villageprovides a local convenience store, pharmacy, cashmachine and cafe and all are only a 5 minute walkaway. There is easily accessible public transportto take you to the nearest towns which offer achoice of leisure facilities, fine dining and shoppingcentres.

Dating from the early 19th Century, DalquhurnEstate has always been a vibrant busy site from thebleachfields of the early days to the more recentbusinesses which thrived there until recently. Thishistoric site afforded the perfect location forCordale Housing Association’s newestdevelopment of quality affordable housing both forrent and for sale.

This new build development comprises 129homes, 18 of which are for sale under the NewSupply Shared Equity scheme (NSSE).Administered by the Scottish Government, NSSEaims to help people on low incomes who wish toown their own home but who cannot afford to paythe full market price. It is part of a range ofassistance from the Scottish Government underLIFT, the Low-cost Initiative for First Time Buyers.

If you are eligible for the scheme you can purchasebetween 60%-80% of the value of the newproperty with the Scottish Government meetingthe balance by way of grant funding throughCordale Housing Association. You will buy full titleto the property purchased and you must pay foryour share of the purchase by obtaining amortgage.

In terms of eligibility criteria the Association istargeting its Shared Equity Apartments to lowincome applicants in one or more of the followinggroups:-

• Existing tenants of Cordale Housing Associationand members of the armed forces and veteranswho have left the forces within the past year orwidows, widowers and other partners of servicepersonnel killed in action within the last year

• Tenants of other RSL’s operating in the WestDunbartonshire Council area will be considered.

• Any remaining flats will then be marketed tofirst time buyers with a connection to the WestDunbartonshire area who are living in theprivate rented sector or living with family orfriends.

• Consideration will then be given to existinghome owners with a connection to the WestDunbartonshire area who are unable to sustainor move back into home ownership due to achange in household circumstances or who haveparticular needs and are unable to purchase ahouse suitable for their needs.

Specification

IntroductionCordale use only carefully selected high qualitymaterials. Our specification for Dalquhurn Estate hasbeen designed to provide bright attractive propertieswhich complement traditional Scottish architecture inthe surrounding area. Features include brickwork in redto external walls, Juliette style balconies to lounge,maintenance friendly timber mahogany stain, doubleglazed windows and secured audio door entry systems.

Each property comes with NHBC Buildmark 10 yearwarranty.

KitchenEach stylish designer kitchen range by TMS FurnitureDesign has been planned to maximise both workspaceand storage.

• Includes stainless steel single bowl with mixer taps and drainer

• Space for stand alone cooker (either gas or electric)

Bathroom• Bathroom suites are in white from Armitage Shanks and are complemented with high quality chrome taps and fittings.

• Splash back plain white ceramic tiling to bath and sinkarea.

WardrobesBoth bedrooms are fitted with built-in wardrobes andinclude internal shelving and hanging rail.

DecorationInternal walls will be finished in magnolia emulsion paintand ceilings will be finished in white. Internal panel stylepass doors finished in white gloss with polished chromelever handles and matching locks/key plates.

Ground floor common access areas of the McLarenApartments are finished with modern ceramic tiles whilethe upper floor common areas fitted with stylish durablecarpet.

Electrical• TV and telephone points are provided in the lounge and main bedroom.

• External lights provided at communal entrance and internal lights on each landing

• Doorbell to flat entrance doors.

• Extractor fans are supplied in kitchen and bathroom

• Mains operated smoke detectors with battery back up are provided to each storey of common access areas plus are installed in the hallway to individual flats.

• Carbon monoxide detectors are installed in the kitchen of each flat.

• Virgin Media have cable TV in your area. There is a ducted connection to your property for the installation of a cable TV system should you choose to have this installed. The Virgin Media point is located in the lounge.

Plumbing and HeatingGas central heating systems are fitted with fullyautomated programmable combination boilers andthermostatic valves to each radiator.

Hot water is provided by the combination boilerensuring instant hot water when required.

ExternalResident and visitor car parking is communal andfinished in contrasting block pavior parking bays.

Grey slabbed paving to common foothpaths with shrubplanting and communal grassed areas surrounding thehousing blocks.

Communal bin storage and recycling bins are provided inaccordance with West Dunbartonshire CouncilCleansing Department requirements.

Communal bin storage areas are enclosed with a 1.5metre high timber fence per 6 flats and located at gablewalls of the flatted blocks.

Cordale Housing Association will maintain all commonareas within the overall development, i.e. landscapedareas, open areas, unadopted roads, footpaths and carparking areas etc.

See Over.

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

A selection of spacious twobedroom luxury apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

Property Listingsand Selling Prices

Address Flat No Post Code Flat Type m2 No. Apts Selling Price

1 MacBride Way 0/1 G82 4QW 1 67 3 £95,000.00

1 MacBride Way 0/2 G82 4QW 1 67 3 £95,000.00

1 MacBride Way 1/1 G82 4QW 1 67 3 £95,000.00

1 MacBride Way 1/2 G82 4QW 1 67 3 £95,000.00

1 MacBride Way 2/1 G82 4QW 1 67 3 £95,000.00

1 MacBride Way 2/2 G82 4QW 1 67 3 £95,000.00

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

Address Flat No Post Code Flat Type m2 No. Apts Selling Price

3 MacBride Way 0/1 G82 4QW 1 67 3 £95,000.00

3 MacBride Way 0/2 G82 4QW 2 65 3 £95,000.00

3 MacBride Way 1/1 G82 4QW 1 67 3 £95,000.00

3 MacBride Way 1/2 G82 4QW 2 65 3 £95,000.00

3 MacBride Way 2/1 G82 4QW 1 67 3 £95,000.00

3 MacBride Way 2/2 G82 4QW 2 65 3 £95,000.00

Address Flat No Post Code Flat Type m2 No. Apts Selling Price

5 MacBride Way 0/1 G82 4QW 4 67 3 £95,000.00

5 MacBride Way 0/2 G82 4QW 3 79 3 £100,000.00

5 MacBride Way 1/1 G82 4QW 4 67 3 £95,000.00

5 MacBride Way 1/2 G82 4QW 3 79 3 £100,000.00

5 MacBride Way 2/1 G82 4QW 4 67 3 £95,000.00

5 MacBride Way 2/2 G82 4QW 3 79 3 £100,000.00

The McLaren Apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

Price: £95,000

Every care has been taken over the accuracy of the dimensions and information contained within this leaflet however we must stress that information contained herein does not form part of any contract or constitute

warranty of any kind. Measurements areapproximate and have been taken at the widest part of the room. Floor plans are not to scale. This property may be built handed left or right as a mirror image of these plans.

Total area 67m2

3 apartment 4 person flat - type 1 (left hand side)

3 apartment 4 person flattype 1 (right hand side)

The McLaren Apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

3 apartment 4 person flat - type 2

Every care has been taken over the accuracy of the dimensions and information contained within this leaflet however we must stress that information contained herein does not form part of any contract or constitute

warranty of any kind. Measurements areapproximate and have been taken at the widest part of the room. Floor plans are not to scale. This property may be built handed left or right as a mirror image of these plans.

Price: £95,000

Total area 65m2

The McLaren Apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

3 apartment 4 person flat - type 3

Every care has been taken over the accuracy of the dimensions and information contained within this leaflet however we must stress that information contained herein does not form part of any contract or constitute

warranty of any kind. Measurements areapproximate and have been taken at the widest part of the room. Floor plans are not to scale. This property may be built handed left or right as a mirror image of these plans.

Price: £100,000

Total area 79m2

The McLaren Apartments

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

3 apartment 4 person flat - type 4

Every care has been taken over the accuracy of the dimensions and information contained within this leaflet however we must stress that information contained herein does not form part of any contract or constitute

warranty of any kind. Measurements areapproximate and have been taken at the widest part of the room. Floor plans are not to scale. This property may be built handed left or right as a mirror image of these plans.

Price: £95,000

Total area 67m2

Key Points

Key Points to bear in mind:

• You will buy full title to the property purchased and do not pay any form ofrent to the Housing Association.

• You must pay for your share of the purchase, usually by obtaining a mortgage as well as your legal costs, stamp duty where applicable, and survey fees.

• You would be responsible for all internal maintenance, repairs. You will alsopay a factoring fee which will cover the cost of external common repairs. The factoring fee includes an amount for buildings insurance. You will also be responsible for utility bills, as well as making mortgage repayments and paying Council Tax. You must be sure that you can meet all the costs of home ownership before proceeding.

• You must occupy the property as your only home. Subletting is allowed only in exceptional circumstances and for short periods only.

• You are expected to buy 60-80% equity share in the price of the property.You must purchase the maximum equity share you can reasonably afford.

• You can increase your equity share after two years, whether the value of the property has increased or decreased.

• You can apply to buy a property which is up to 2 bed spaces larger than your current needs, unless there are special circumstances requiring you to buy a larger home.

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

Factoring and Management Services

Cordale Housing Association is delighted to act as factor andmanager for this prestigious new development at DalquhurnEstate on the Banks of the River Leven.

This leaflet gives an introduction to the services we will beproviding for the owners at MacBride Way, Renton.

Our RoleGenerally, we will be responsible for the administration of therepair, maintenance and insurance of all COMMON aspects ofthe properties i.e. areas that are shared in ownership. In thisrespect, we will act as agents for the respective proprietors allin accordance with the Title Deeds governing the Development.

Common Service ChargesIn terms of the Deed of Conditions, the legal documentforming part of the Title Deeds, all owners pay an equalproportion of common repairs and maintenance charges. Wewill issue a account to you quarterly during the months ofFebruary, May, August and November. Monthly Direct Debitarrangements gives all owners the opportunity to budgetaccordingly for these costs.

Common Landscape MaintenanceThe common soft landscaped areas will be maintained on aregular basis during the growing season of April to Octoberwith maintenance visits reducing to a monthly basis during thewinter season of November to March.

These charges will be shared equally across all properties inPhase 1 and 2 of the new build development.

Common Buildings InsuranceTo ensure all owners in the apartments have adequate buildingsinsurance cover, all parts of the buildings will be insuredcomprehensively through one common buildings insurancepolicy provided by Zurich.

Common Area CleaningEnsuring all common access areas are kept clean and tidy isessential. The common landings and stairways will be cleanedby a professional cleaning contractor on a weekly basis, with allcommon windows being cleaned on a monthly basis.

Anticipated Annual Common Service ChargesAn indication of the monthly common charges and the servicesto be provided are tabled below.

Following completion of your purchase, we will send you anintroductory letter and pack that will provide you with greaterdetail of the services that we are to provide at DalquhurnEstate. The pack will include a copy of our general commonground maintenance specification, our general commonstairway cleaning specification and a summary of cover relativeto the common buildings insurance policy.

DALQUHURN ESTATEAnticipated Monthly Common Service Charges Price

Building Insurance £3.84

Communal Stair and Window Cleaning £9.33

Common Electricity Supply £5.23

General Service Charge (grounds maintenance....) £24.67

Cyclical and Planned Repairs £4.67

Management Fee £6.00

Total £53.70

All costs are inclusive of VAT

These are the average costs based on an equal shareapportionment and reflect our understanding of servicesrequired as at March 2011.

Should you require any further information regarding theservice that we will provide, please do not hesitate to contactus at our office.

Just Say Yes to a Shared Equity apartment from Cordale Housing Association

CORDALE HOUSING ASSOCIATION LTD.1 RED ROW, RENTON, DUNBARTONSHIRE G82 4PL

T: 01389 721216 | F: 01389 755990 | E: info@cordalehousing.org.uk | www.cordalehousing.org.uk

Cordale Housing Association is a recognised Scottish Charity (SC032859) and is registered under the Industrial & Provident Societies Act No. 2411 R(S) and with The Scottish Housing Regulator

CORDALE HOUSING ASSOCIATION LTD.1 RED ROW, RENTON, DUNBARTONSHIRE G82 4PL

T: 01389 721216 | F: 01389 755990

E: info@cordalehousing.org.uk | www.cordalehousing.org.uk

Cordale Housing Association is a recognised Scottish Charity (SC032859) and is registered under the Industrial & Provident Societies Act No. 2411 R(S) and with The Scottish Housing Regulator