2 bedroom apartment for sale
Limeharbour, Millwall, E14 9LS
Share percentage 75%, full price £410,000, £30,750 Min Deposit.
Share percentage 75%, full price £410,000, £30,750 Min Deposit.
Monthly Cost: £2,095
Rent £235,
Service charge £300,
Mortgage £1,560*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
* Household income must not exceed £90,000 (in London)
* Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
* No cash buyers
* No pets
* Applicants must be able to afford their purchase and sustain their housing costs
* Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
* Applicants must be unable to purchase a property suitable to meet their needs on the open market
* Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis
Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.
Summary
2 bedroom apartment in the heart of the Isle of Dogs!
Description
VIEWING DAY - FRIDAY 2ND FEBRUARY! BOOK YOUR APPOINTMENT TODAY!
2 bedroom flat in the heart of the Isle of Dogs, only 15 min walk from Canary Wharf and 15 min drive from London City’s airport.
Shared Ownership property - rent is calculated at 2.75% of the unowned equity. Option to staircase to 100% ownership.
Located in a very quiet location by the canal, this property is a spacious 2 bedroom apartment with an integrated kitchen.
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: Not specified
Map
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 75%, full price £410,000, £30,750 Min Deposit. Calculated using a representative rate of 4.64%
