- 2 Bedrooms
- 75% share available
- Call 0203 815 1234 to book your appointment.
First floor, two bedroom home in the London borough of Lambeth for £343,125 (75%) share of £457,500 full market price, available through Shared Ownership.
Monthly Mortgage*: £1,735.50
NHHO Service Charge**: £322.32
Ground Rent - £20.85 (per month)
Council Tax: £166.83
Estimated Total (per month): £2,057.82 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.
** Service Charge payable to Notting Hill Home Ownership
£343,125 (75% share price of £457,500)
- Residents lounge
- On site cafe
- Balcony from Reception and Bedroom
- IT Suite
Entrance hall, bathroom, bedroom 1 & 2, living room/kitchen.
There are communal gardens to the rear of the property, some general facilities including residents lounge, on-site cafe, IT suite, and hairdressers.
Length of lease
You will need to be earning a guidance income of £74,906. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £34,312.5. Total approximate savings required £38,312.5.
Important borough specific eligibility criteria
Anyone live or work in London, priority will be given to applicants who live or work in the borough of Lambeth.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
Applicant’s must also be 55 or over, the share is restricted to 75% so applicants must be affordable for this share.
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||£457,500|
|Ownership||75% share available|
|Guidance household income||£74,906|
Location and local area
West Norwood (0.48km)