- 2 Bedrooms
- 30% share available
- Viewing first, come first serve. Call 0203 815 1234 to book your appointment.
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
*Estimate - 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.
** Service Charge payable to Management company
£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 19/09/2018
|Number of Beds||2|
|Full market price||£440,000|
|Ownership||30% share available|
|Guidance household income||£45,900|
Location and local area
Canning Town (0.3km)