2 Bourbon Road - ref NH13
2 BOURBON ROAD, London, SW9 6FR
2 bedroom flat
Third floor 2 bedroom flat in the London borough of Lambeth for £200,000 at a 40% share price of £500,000, available through Shared Ownership.
Hallway, Kitchen, Living room, 2 Bedrooms and Bathroom
Length of lease
*Monthly Mortgage: £1,011.59
Monthly Rent: £ 647.49
Notting Hill Administration Fee: £13.50
Service Charge: £166.45
Estimated Total (per month): £ 1,839.03excluding council tax
*Estimate – The monthly mortgage is based on an interest rate …
|Number of floors||1|
|Entrance floor||Ground floor|
with min. deposit
Notting Hill Genesis
Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.
You can read more on the Help to Buy FAQ
The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.
Read more about eligibility in the FAQ