Sixth Floor one bedroom home in the London borough of Hackney for £131,250 (35%) share price of £375,000 full market price), available through Shared Ownership.

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SPECIFICATION

Ground floor

Communal entrance hall and lift

Sixth Floor

Hallway, kitchen/reception room, bedroom and bathroom/WC.

External

Balcony and communal gardens

Accessibility rating

A

EPC rating

C

Length of lease

121 years

Borough

Hackney

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ELIGIBILITY

You will need to be earning a guidance income of £47,519. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,125. Total approximate savings required £17,125

Important borough specific eligibility criteria

Hackney
This property is available to all applicants with priority to those living or working in Hackney.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Monthly Fees

*Monthly Mortgage: £663.85

Monthly Rent: £470.28

Service Charge: £153.68

Ground Rent: £370 annually

Estimated Total (per month): £1,287.81 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 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.