Full price: £500,000 The full value of the property
Share value: 60% - £300,000
Estimated monthly cost*: £1,948
Estimated Monthly Mortgage*: £1,503
SO Resi Monthly Payment: £338.35 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £106.01 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 117
This modern flat in London is available now for sale through the Shared Ownership Scheme. The property comprises a two bedroom, second floor flat within a six storey block. The accommodation comprises hallway, spacious open plan living/kitchen area, two bedrooms, en suite and bathroom. A reasonably sized balcony is also provided.
A two bedroom apartment located in London available through the Shared Ownership Scheme.
Available for £300,000 for 60% share based on the marketing figure of £500,000.
SO Resi Monthly Payment - £338.35
Monthly Service Charge - £106.01
Total Monthly Charge - £444.36 PLUS MORTGAGE REQUIRED FOR 60% SHARE
Incomes required are based on the following assumptions: Deposit 5%, mortgage interest rate 2.99% & mortgage term 25 years. Income required will be reduced if you have a higher deposit available.
Buy more shares for a minimum of 10%
Energy Rating Band - C
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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