Mulberry Apartments - GEN39

Local Transport Manor House – 0.1 miles Finsbury Park – 0.7 miles...
Register interest
from £131,250 with min. deposit £13,125Overview
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.
FAQs
You can read more on the Help to Buy FAQ
Read more about eligibility in the FAQ