- 2 Bedrooms
- 55% share available
- Call 0203 815 1234 to book your appointment.
Second floor, two double bedroom home in the London borough of Newham for £220,000 (55% share) of £400,000 full market price, available through Shared Ownership.
Monthly Mortgage*: £1,112.74
Monthly Rent: £382.62
NHHO Service Charge**: £158.64
Notting Hill Administration Fee: £13.50
Council Tax: £93.25
Estimated Total (per month): £1,667.50 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 Trinity Management Ltd
£220,000 (55% share price of £400,000)
Accessed via a secure communal door, hich lease into the internal communal parts and lift/stairs
Hallway, Open plan reception room / kitchen, bedroom 1&2, bathroom and wc
62 sq. m as per RICS valuation
F - General Access
Length of lease
You will need to be earning a guidance income of £60,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000 Total approximate savings required £26,000.
Important borough specific eligibility criteria
Priority will be given to applicants who live or work in Newham but all 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 18/10/2018
|Number of Beds||2|
|Full market price||£400,000|
|Ownership||55% share available|
|Guidance household income||£60,090|
Location and local area
London Underground & DLR
Canning Town (0.3km)