Why rent when you can buy for less?

Rent for £706 pcm or buy for £603 pcm*

These brand new houses in Rochester are available for sale to local people and key workers on a part buy/ part rent basis.

The houses are very spacious with a quality fitted kitchen, stainless steel oven, hob and extractor, downstairs cloakroom and allocated parking. All houses have a private rear garden and some have an en-suite shower room in the master bedroom.

The open market value of the houses is £180,000-£210,000. To buy a 25% share a mortgage of £45,000 and a minimum salary of £17,000 (single application) and £19,000 (joint application) will be required (based on a two bedroom house).

The rent and service charges payable are from £24 per month (two bedroom house).

These properties are available from January 2009. No Stamp Duty is payable** Purchasers can also receive £1000 towards purchasing costs (conditions apply).

Applicants must have access to £3,500 and register with www.homebuy.co.uk Priority will be given to applicants who live or work in the Medway Council area.

* Rents: Average rent in local area taken from findaproperty.com. Monthly mortgage payments based upon a 25 year repayment mortgage at 7% interest rate

**No Stamp Duty is payable until you purchase 80% of your home or the value of your share exceeds £175,000