Wooldridge Close - NH280
Wooldridge Close, London
Shared ownership
Live from space album cover

Key features Balcony Communal gardens Allocated Parking ...

Register interest

from £62,500 with min. deposit £6,250
Overview

Top  floor flat with 2 bedrooms in the London borough of Hounslow for £  250,000 at a 25 % share price of £, 62,500 available through Shared Ownership.

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SPECIFICATION

Ground floor
Communal Lobby entrance with stairs.

Top Floor
Flat entrance leading to hallway,  2 Bedroom, Reception Room with Kitchen, Bathroom

External
Balcony, Allocated parking space and communal gardens.

Accessibility rating
F

EPC rating
C

Length of lease
87 years

Borough
Hounslow

Monthly Fees

*Monthly Mortgage: ££316.12

Monthly Rent: £ £524.46


**Service Charge: ££194.29

Council Tax: £ 1,547 pa

Estimated Total (per month): £ £1,034.87  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 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

ELIGIBILITY

 

You will need to be earning a guidance income of £37,293 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£6,250. Total approximate savings required £10,250

 

Important borough specific eligibility criteria

Hounslow


Priority given to Hounslow Applicants

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.

FAQ’s
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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