Raised ground floor two-bedroom home in the London borough of Barnet for £105,000 [30%] share price of £350,000 full market price), available through Shared Ownership.

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SPECIFICATION

Ground floor

Communal entrance hall and lift.

Raised Ground Floor

Hallway, reception room/kitchen, two bedrooms and bathroom/WC.

External

Balcony, communal gardens and allocated car space

Accessibility rating

A

GIA

56 sq.m

EPC rating

C

Length of lease

143 years

Borough

Barnet

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ELIGIBILITY

You will need to be earning a guidance income of £38,921. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£10,500. Total approximate savings required £14,500.

Important borough specific eligibility criteria

Barnet.

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: £531.08

Monthly Rent: £347.49

Service Charge: £201.49

Estimated Total (per month): £1,080.06 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.