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Adler Court

Shared ownership

Adler Court, Forest Gate, E7 9DT

For sale
Shared ownership
Photo of Adler Court
Live from space album cover

from

£197,500

with min. deposit

£19,750

50% Share from
£197,500
Full market price
£395,000
Minimum deposit
£19,750
Monthly rent
£465
Monthly service charge
£123.3
Annual ground rent
£350
Reservation free
£500

2 bedroom flat

SHARED OWNERSHIP

Full Market Value - £395,000

You Pay (50%) - £197,500

Monthly Rent - £465.20

Service Charge - £120.30

Annual Ground Rent - £350

Council Tax Band: C

125 year lease commenced January 2017 - 119 years remaining

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of …

Features

Balcony

Central heating

Communal Garden

On street/resident parking

Bedrooms2
Bathrooms1
Reception rooms1
Floor area69
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years119
EER Current87
EER Potential87
EIR Current87
EIR Potential87

from

£197,500

with min. deposit

£19,750

50% Share from
£197,500
Full market price
£395,000
Minimum deposit
£19,750
Monthly rent
£465
Monthly service charge
£123.3
Annual ground rent
£350
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

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

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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