OAK LODGE - NH24
Oak Lodge Talbot Close, London, CR4 1FF
For sale
Shared ownership
Live from space album cover

Local Transport Beddington Lane Tram – 0.8m Mitcham Eastfields Rail Station – 1.0m Mitcham Junction Rail Station – 1.1m ...

Register interest

from £96,000 with min. deposit £9,600
Overview

Fourth floor 2 bedroom home in the London borough of Merton for £96,000 at 30% share price of £320,000 available through Shared Ownership.

SPECIFICATION

Fourth Floor

Sitting room/kitchen, two bedrooms, one bathroom.

External

The property has the benefit of one car parking space

GIA

61 sqm

Accessibility rating

F

EPC rating

C

Length of lease

92 years

Borough

Merton

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ELIGIBILITY

You will need to be earning a guidance income of £37,762. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £9,600. Total approximate savings required £13,600.

Important borough specific eligibility criteria

Merton
All London applicants will be considered with priority given to people who live/work in the borough.

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

 

 

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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