Cromwell Close(NH:36)
Cromwell Close, London
Shared ownership
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from £234,000 with min. deposit £23,400
Overview

Second floor flat with 2 bedrooms in the London borough of Ealing for £360,000 at a 65% share price of £234,000, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £1183.55

Monthly Rent: £ 330.93

Notting Hill Administration Fee: £13.50
**Service Charge: £100

***Ground Rent: £79.16

Council Tax: £

Estimated Total (per month): £1627.98 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 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
 

** Service Charge payable to external managing agent.

 

*** Ground rent managed by external managing agency.

 

FAQ’s
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.
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.
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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