1/16
£303,000
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
An exceptional chance to own a charming ground floor flat just steps from the beautiful Clissold Park, and close to West Reservoir, with its outdoor sports attractions and the renowned Castle Climbing Centre. Don’t miss this rare opportunity to live in one of North London’s most desirable neighbourhoods.
Gross household income required from £83,000
Minimum deposit from £30,300*
Email sales@hackney.gov.uk to express your interest. We will put you in touch with a mortgage advisor who will complete a headline affordability assessment. You will then be invited to view the property.
*Based on assumed mortgage interest rates and lender requirements at the time of a mortgage application. If you have a higher deposit but a lower income than the minimums displayed, you may still meet the affordability criteria. Financial assessments will be completed based on individual circumstances.
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