OAK LODGE - NH24
Oak Lodge Talbot Close, London, CR4 1FF
2 bedroom flat
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 …
Features
Off street parking
| Bedrooms | 2 |
| Bathrooms | 1 |
| Reception rooms | 1 |
| Number of floors | 1 |
| Entrance floor | Ground floor |
| Tenure | leasehold |
from
£96,000
with min. deposit
£9,600
Notting Hill Genesis
FAQs
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 that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.
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. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.
Read more about eligibility in the FAQ
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