Share percentage 25%, full price £725,000, £45,313 Min Deposit.
Monthly Cost: £2,413
Rent £1,387,
Service charge £294,
Mortgage £732*
Calculated using a representative rate of 4.19%
Calculate estimated monthly costs
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
Summary
High specification, ground floor 2 bed apartment!
Description
2 bed apartment in Hoxton, N1
We are pleased to release this two bedroom apartment, located on the ground floor of St. Leonard's Court, offering 76.6sqm (824.5 sqft) of living space and benefiting from an East facing terrace.
The property has two double bedrooms and a high specification throughout; including a modern kitchen with integrated kitchen appliances, underfloor heating and Amtico flooring.
St. Leonard's Court has a landscaped communal roof terrace and courtyard garden and is located within easy walking distance of both Hoxton overground station and Old Street station.
Affordability criteria
To be considered, you will need a minimum household income of £90,000
This is based on the full market value of £725,000 at a 25% share. Service charge per month £293.81 and £1,387.42 Rent per month.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
Old Street Station: 10 minute walk
Hoxton Overground Station: 13 minute walk
Key Features
- Two bedroom ground floor apartment
- East facing terrace
- Landscaped communal roof terrace and courtyard garden
- High specification and carefully considered layouts
- Underfloor heating
- Slate grey, handle free kitchen units with solid marble effect worktops
- Integrated kitchen appliances
- Durable Amtico flooring
- Cycle storage
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: D
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £725,000, £45,313 Min Deposit. Calculated using a representative rate of 4.19%
