- 1 Bedroom
- 40% share available
- Call 0203 815 2222 to book a viewing.
Fourth floor, one bedroom home in the London borough of Merton for £148,000, 40% share of £370,000 full market price, available through Shared Ownership.
Monthly Mortgage*: £748.57
Monthly Rent: £408.18
Notting Hill Administration Fee: £13.50
Service Charge**: £164.00
Estimated Total (per month): £1,334.25 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. The rent may increase each year, the increase calculation will be specified in the lease.
**Estimate – Service charge payable to Mainstay Residential
£148,000 (40% share price of £370,000)
- Storage cupboard
Entrance hallway, bathroom, bedroom and kitchen/reception
Stairs, lift, balcony
45 sq. m
Length of lease
You will need to be earning a guidance income of £48,081. You will need access to savings of at least £4000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,800. Total approximate savings required £18,800.
Important borough specific eligibility criteria
Applicants from all London boroughs can apply with priority given to Merton applicants.
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||£370,000|
|Ownership||40% share available|
|Guidance household income||£48,081|
Location and local area
Raynes Park (350 m)