*Shared Ownership* 40% Share for £150'000...
Ground floor, 1 Bed Apartment situated within the London Borough of Southwark - 40% share available for £150,000 (40% share price of £375,000 on a Shared Ownership basis - criteria applies).
Please see main description...
Accommodation includes;
Hall / Reception - Kitchen / Bedroom / Bathroom with WC
Ground floor, one bedroom home in the London borough of Southwark for £150,000 (40% share price of £375,000), available through Shared Ownership.
Monthly Fees:
Monthly Mortgage: £719.37*
Monthly Rent: £334.48
Monthly Service Charge: £114**
Notting Hill Administration Fee: £13.50
Council Tax: £98.50
Estimated Total (per month): £1,181.35 (excluding council tax)
* Estimate - The monthly mortgage is based on an interest rate of 3.99% with a capital and interest repayment over 25 years. It is based on a 10 % mortgage.
The rent may increase each year, the increase calculation will be specified in the lease.
** Service Charge payable to management company.
£150,000 (40% share of £375,000)
External
Wrap-around patio
*Accessibility rating - A
*EPC rating - B
*Length of Lease 95 years
Borough
Southwark
Eligibility
You will need to be earning a guidance income of £38,463. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000. Total approximate savings required £19,000.
Important Borough specific eligibility criteria
Southwark
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Please email for further details...
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