Mercury House
23 Hollybush Street, London, E13 9ED
For sale
Shared ownership
Live from space album cover

Local Transport Underground Plaistow – 0.7miles Upton Park – 0.9 miles...

Register interest

from £122,500 with min. deposit £12,250
Overview

First floor flat with 2 bedroom in the London borough of Newham for £122,500 at a 35% share price of £350,000, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £619.60

Monthly Rent: £ 573.00

**Service Charge: £98.00

Estimated Total (per month): £1290.60

This property is available through Shared Ownership in London

*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.
 

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.
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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