Adler Court
Adler Court, Forest Gate, E7 9DT
from
£197,500
with min. deposit
£19,750
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
| Bedrooms | 2 |
| Bathrooms | 1 |
| Reception rooms | 1 |
| Floor area | 69 |
| Number of floors | 1 |
| Entrance floor | 2nd floor |
| Tenure | leasehold |
| Lease years | 119 |
| EER Current | 87 |
| EER Potential | 87 |
| EIR Current | 87 |
| EIR Potential | 87 |
from
£197,500
with min. deposit
£19,750
L&Q
FAQs
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
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