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£275,000
This superb modern apartment is available to buy from as little as £275,000 with a 55% share!
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is £500,000 and a purchaser would not need to meet the eligibility criteria listed above.
A well presented, bright and spacious ground floor apartment with private garden, situated in a fantastic location. Accommodation comprises open plan kitchen/reception room, family bathroom and two double bedrooms with built in wardrobe and en suite to the main bedroom. The property further benefits from a private garden and a large communal roof terrace
Time House is very well located for a short walk to Clapham Junction, for both Clapham and Wandsworth Commons and the vast array of local amenities located on St. John's Hill and Northcote Road.
PRICING & AFFORDABILITY
Approximate Size 68.4 sq m
Full Market Value: £500,000
55% Share Price: £275,000 (rent £740.00 pcm)
Minimum 5% Mortgage Deposit (55% share): £13,750
Approximate Service Charges: £108.43 pcm*
Shared Ownership Lease: approx. 117 years
Council Tax Band: C
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership
