2 bedroom apartment for sale
Tangerine House, Long Lane, SE1 4BS
Share percentage 35%, full price £600,000, £10,500 Min Deposit.
Share percentage 35%, full price £600,000, £10,500 Min Deposit.
Monthly Cost: £1,925
Rent £755,
Mortgage £1,170*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 35% minimum share you will need a minimum joint household income of £74,424 and available savings of £10,500 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in Tangerine House.
Description
Stunning, spacious 2 bedroom flat at Tangerine house.
Generously sized bedrooms.
Open plan Kitchen/living room.
Lease Term:99 years from 01/01/2007
EPC Rating: c - 80
Council: Southwark
Council tax band: D
Key Features
Sainsbury's Local opposite
5 minutes walk to London Bridge
5 minutes walk to Borough Market
8 minute walk to Tower Bridge
3 minutes walk to Bermondsey Street
On C10 bus route (Staple Street)
<1min from C10 cycle superhighway
Free street parking outside working hours
Possibility to rent parking space in the building
15 minutes walk to Old Kent Road superstores (Tesco, Argos, B&Q, Currys)
5 minute walk to Tower Bridge Road small business area
Particulars
Tenure: Leasehold
Lease Length: 82 years
Council Tax Band: D
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £600,000, £10,500 Min Deposit. Calculated using a representative rate of 5.03%
