Share Price £101,750 (from 55% Min. Share)

Full Value £185,000 | £5,088 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Lymington - Hampshire

place 9 Mosbach Place, Cannon Street, SO41 9NQ

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Fantastic apartment walking distance to Lymington town centre!


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

>One bedroom, first floor apartment
>Available onShared Ownershipresale
>Deposits starting at £5,087*
>Minimum household income: £30,547 per annum

Your new home
Featuring an open-plan living room / kitchen fitted with an integrated oven, hob and hood. The bedroom is a comfortable size, and the bathroom benefits from a white, three-piece suite, including a shower over the bath.

Additional information
Allocated parking is provided for one car. Mosbach Place is located just five minutes’ walk to Lymington town centre and train station^.


0800 telephone numbers are free of charge from BT landlines. Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls.
Images may be computer generated and are for illustrative purposes only, so may not be representative of exact plots. Images may be of a different model of home. Individual specification, fittings and features such as windows, brick, carpets, paint and other material colours may vary. Any furnishings are not included in any sale, but are for guidance only.
^Source – Google Maps, 27 May 2020.
*Affordability and eligibility criteria apply. All figures are illustrative based upon buying a minimum share. Purchase share values will be determined based upon applicant’s individual financial circumstances, in line with Homes England guidelines. Applicants will be referred to a nominated mortgage advisor for a financial assessment and will be expected to maximise the percentage of share they purchase.


Key Features

  • Lease term remaining: 113 years
  • Open-plan living area
  • Fitted kitchen with oven, hob and hood
  • White sanitaryware to bathroom
  • Allocated parking

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Calculate Monthly Cost

Share price
£ 101,750
Min. £101,750
Share percentage
Min. 55%
Your deposit
Min. £5,088
Monthly cost*
£768
Cost breakdown
£197
Rent
£64
Service charge
£507
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.