- 2 Bedrooms
- 40% share available
- Call 0203 815 1234 to book a viewing.
Two bedroom Fourth Floor Flat in the London borough of Lambeth for £204,000, 40% share of £510,000 full market price, available through Shared Ownership.
Monthly Mortgage*: £1,031.82
Monthly Rent: £674.05
NHHO Service Charge: £120
Notting Hill Administration Fee: £13.50
Council Tax: £115.50
Estimated Total (per month): £1,839.37 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.
£204,000 (40% share price of £510,000)
Entrance hall, bathroom, bedroom one, bedroom two, living room/kitchen
69 sq. m
Length of lease
You will need to be earning a guidance income of £66,284. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,400. Total approximate savings required £24,400.
Important borough specific eligibility criteria
Applicants from all London boroughs can apply with priority given to Lambeth 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||2|
|Full market price||£510,000|
|Ownership||40% share available|
|Guidance household income||£66,284|
Location and local area
Oval Station (1.2km)
Stockwell Station (1.5km)