- 2 Bedrooms
- 50% share available
- Viewing Tuesday 18 September. Call 0203 815 2222 to book your appointment.
First floor two bedroom home in the London borough of Lambeth for £220,000 50% share of £440,000 full market price, available through Shared Ownership.
Monthly Mortgage: £1,112.74*
Monthly Rent: £229.67
NHHO Service Charge: £115
Notting Hill Administration Fee: £13.50
Council Tax: £89.83
Estimated Total (per month): £1,412.71 excluding council tax
* Estimate - The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage deposit. The rent may increase each year, the increase calculation will be specified in the lease.
£220,000 (50% share price of £440,000)
- Communal Garden
- Resident Parking
Entrance hall, WC, bathroom, kitchen, two bedrooms,living room
Balcony, resident only parking permits, communal gardens
61.5 sq. m
Length of lease
You will need to be earning a guidance income of £48,721. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000. Total approximate savings required £26,000.
Important borough specific eligibility criteria
Available to all with priority given to Lambeth residents.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Details correct as at 19/09/2018
|Number of Beds||2|
|Full market price||£440,000|
|Ownership||50% share available|
|Guidance household income||£48,721|
Location and local area
Vauxhall Station (0.8km)