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£117,500
Spacious Two Bedroom Apartment In Hackney, E5
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?
Part of the Tower Court development built in 2023, this two bedroom apartment is located right on Clapton Common, giving you unrivalled access to tranquil waterways and wide open spaces in a part of the capital that boasts more parkland than any other. Offering a generous 62sqm (669sqft) of open plan living space with two bedrooms, a family bathroom and ample storage space, this 3rd floor apartment also has access to a communal courtyard.
Hackney’s superb transport links and cycle routes mean Tower Court couldn’t be better connected. Less than 10 minutes away, London Overground links at Stamford Hill station put East London on your doorstep and provide a direct route into Liverpool Street.
Affordability criteria
To be considered, you will need a minimum household income of £54,500 and minimum deposit of £11,750.
This is based on the full market value of £470,000 at a 25% share. Service charge per month is £328.39 and the rent per month is £866.91.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
