Oak Sqaure - NH232
Oak Square, London, SW9 9JW
For sale
Shared ownership
Live from space album cover

Local Transport Clapham North Station -0.5miles Stockwell – 0.4 miles...

Register interest

from £397,500 with min. deposit £39,750
Overview

Second floor 2-bedroom home in the London borough of Lambeth for £397,500 at 75% share price of £530,000 available through Shared Ownership.

 

Ground Floor

Entryphone system to Communal Grounds.

Second Entryphone to block with Communal

Hallway, Passenger Lift and Stairwell.

Second Floor

Two Bedrooms. Kitchen/Reception Room.

Hallway. Bathroom with WC.

Externally

Balcony accessed from reception Room.

One secure underground allocated parking space

GIA

60 sq.m

Accessibility rating

F

EPC rating

C

Length of lease

116 years

Borough

Lambeth

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ELIGIBILITY

You will need to be earning a guidance income of £84,975. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £39,750. Total approximate savings required £43,750.

Monthly Fees

Monthly Mortgage: £ 2,010.53

Monthly Rent: £196.56

Service Charge: £ 150.98

Estimated Total (per month): £2,358.07 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.
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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