Share Price £135,000 (from 30% Min. Share)

Full Value £450,000 | £13,500 Min. Deposit

Scheme: Shared Ownership

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Albany House - 2 bed apartment in Merton

place 300 Burlington Rd, New Malden, New Malden, KT3 4NH

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A stunning collection of contemporary two and three bedroom apartments available now!! - Please visit https://tmpmortgages.co.uk/apply-now/ - for initial financial assessment.


Eligibility

There are certain conditions to be eligible for a Shared Ownership property:

You must be at least 18 years old.

You must be unable to buy a home suitable for your needs on the open market.

Priority will be given to persons who work or live in the borough of Merton.


You will need sufficient savings for a mortgage deposit (generally a minimum of 10% of your share) and a clean credit history to qualify for a mortgage.

Your annual household income must be less than £90,000.

In line with government priorities, priority for Shared Ownership homes is awarded to serving military personnel and former members of the British Armed Forces honourably discharged in the last two years. People who live or work in the local area also receive priority. We welcome applications from everyone and will try and help if we can.


Description

Welcome to Albany House, a stunning collection of contemporary one, two and three bedroom apartments available for shared ownership. Located within walking distance of Raynes Park and Motspur Park mainline station you are under thirty minutes from Central London and with Kingston-upon-Thames and Wimbledon on your doorstep.

Please visit - https://albanyhouse-newmalden.com/ - For floor plans and Virtual Tours.

*Please Visit https://tmpmortgages.co.uk/apply-now/ - for initial financial assessment and complete the shared ownership application form attached. Once you have completed both we will contact you with an appointment.

*Please return the shared ownership application form to sales@wandle.com

*Only applicants that have undertaken a financial assessment and completed an application form will be contacted.


Download Documents

Property brochure 1 Property brochure 2 Property price list

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 135,000
Min. £135,000
Share percentage
Min. 30%
Your deposit
Min. £13,500
Monthly cost*
£1,341
Cost breakdown
£525
Rent
£199
Service charge
£617
Mortgage*
Calculated using a representative rate of 3.64%
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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.