2 bedroom apartment for sale
Lewes Court, Chatsworth Place, CR4 4NG
Share percentage 70%, full price £200,000, £14,000 Min Deposit.
Share percentage 70%, full price £200,000, £14,000 Min Deposit.
Monthly Cost: £707
Mortgage £707*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility
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.
· 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 70% minimum share you will need a minimum joint household income of £35,883 and available savings of £7,000 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed 3rd floor flat in Merton.
Description
Over 55’s accommodation
Cosy flat
Spacious
Lease Term: 99 Years from 18th January 2012
EPC Rating: C - 80
Council: Merton
Council tax band: B
Total floor area – 55 Square meters
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via [email protected] for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing ASAP Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
Close to Local Amenities
Close to parks
Close to shops
Near public transport
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] for the vendors details.
Application forms need to be returned to Southern housing ASAP
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: B
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 70%, full price £200,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%
