7 Kingsbury Gardens
Flat 3, St. Albans, AL4 0FW
with min. deposit
2 bedroom flat
The accommodation includes allocated parking and comprises: entrance hall, a ‘London-style’ open plan lounge/kitchen/diner, two bedrooms and a bathroom. The shared ownership apartments are located on the ground, first and second floor.
PRICING & AFFORDABILITY
Approximate size: 72 sq m
Full Market Value - £370,000
25% Share Price: £92,500 (Rent £635.94pcm)
45% Share Price: £166,500 (Rent £466.35pcm)
60% Share Price: £222,000 (Rent £339.17pcm)
75% Share Price: £277,500 (Rent £211.98pcm)
Min 5% Mortgage Deposit (25% share): £4,625
Service Charge - £83.87 pcm
- Brand New Shared Ownership Home
- Open-Plan Lounge/Kitchen/Diner
- Allocated Parking
|Number of floors||1|
with min. deposit
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