- 1 Bedroom
- 75% share available
- Call 0203 815 1234 to book your appointment.
One bedroom flat in the London borough of Merton for £285,000, 75% share, full market price £380,000, available through Shared Ownership.
Monthly Mortgage: £1,441.51
Monthly Rent: £173.70
NHHO Service Charge**: £150.00
Notting Hill Administration Fee: £13.50
Council Tax: £108.75
Estimated Total (per month)*: £1,778.71 (excluding council tax).
* Estimate** Service Charge payable to Notting Hill Home Ownership
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. The rent may increase each year, the increase calculation will be specified in the lease.
£285, 000 (75% share price of £380,000)
One bedroom / one bathroom apartment situated on fourth floor. Property benefits from full length enclosed terrace/balcony, uPVC double glazed window and gas central heating.
45 sq. m
F (general needs housing)
Length of lease
You will need to be earning a guidance income of £64,098. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £28,500. Total approximate savings required £32,500.
Important borough specific eligibility criteria
London Borough of Merton
Priority given to applicants who live or work in the London borough of Merton but all applicants can apply.
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||1|
|Full market price||£380,000|
|Ownership||75% share available|
|Guidance household income||£64,098|
Location and local area
Raynes Park (0.45km)
Wimbledon Chase (1.7km)