- 2 Bedrooms
- 30% share available
- Call 0203 815 1234 to book your viewing.
Two bedroom second floor flat, in the London Borough of Newham, available to buy through Shared Ownership. Full market value £440,000. 30% share available, share price £132,000.
Monthly Mortgage:* £633
Monthly Rent: £477.48
Other Service Charge:** £195
Notting Hill Administration Fee: £13.50
Council Tax: £93.25
Estimated Total (per month): £1,318.98 excluding council tax
** Service Charge payable to Management company
The monthly mortgage is based on an interest rate of 3.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.
£132,000 (30% share price of £440,000)
Hallway, open plan reception room/ kitchen, bedroom 1 with ensuite shower/WC, bedroom 2, bathroom/WC
65 Sq.m/ 698 sq ft
E –General Access
Length of lease
You will need to be earning a guidance income of £45,900. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,200. Total approximate savings required £17,200.
Important borough specific eligibility criteria
Priority will go to applicants with a connection to Newham 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 13/08/2018
|Number of Beds||2|
|Full market price||£440,000|
|Ownership||30% share available|
|Guidance household income||£45,900|
this development is provided by Notting Hill Sales
Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.
Location and local area
Canning Town (0.3km)