Share percentage 40%, full price £310,000, £6,200 Min Deposit.
Monthly Cost: £1,158
Rent £426,
Service charge £41,
Mortgage £691*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Two bedroom ground floor maisonette
Description
Featuring your own private entrance and a kitchen / living / dining room. The kitchen is fitted with an oven, hob and hood. There are two bedrooms and a bathroom which has a modern, white suite. You’ll also find a storage cupboard to the hall.
Flooring is included throughout and you'll have your own parking space.
Tenure: Leasehold.
Length of lease: 990 years.
Reservation fee: £500.
Predicted council tax band: Newbuild home, band to be determined.
Service charge is reviewed once a year.
Key Features
2 Bedrooms
1 Bathroom
Ground floor maisonette
Private entrance
Open-plan kitchen / living / dining room
Fitted kitchen with oven, hob and hood
Your own parking space
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
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 40%, full price £310,000, £6,200 Min Deposit. Calculated using a representative rate of 5.03%
