Share percentage 25%, full price £750,000, £18,750 Min Deposit.
Monthly Cost: £2,457
Rent £1,172,
Service charge £318,
Mortgage £967*
Calculated using a representative rate of 4.80%
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
Ground floor two bedroom apartment with terrace
Description
Ground floor apartment - 753 sqft with views of private communal courtyard
Hackney Sales are proud to present an exclusive resale, delivered as part of a wider development by Countryside under the Hoxton DASH range.
Offering a sleek and stylish specification in the heart of trendy Hoxton, this apartment is the perfect home for professionals and budding families. Complete with a modern kitchen and bathroom, fitted wardrobe, integrated appliances and under counter lighting - this 2 bed apartment could be the perfect new home for you.
Located in a tranquil area just off Pitfield Street and within 10 minutes walk of both Hoxton overground station and Old Street station.
Gross household income required from £85,000
Minimum deposit from £18,750*
Email sales@hackney.gov.uk to express your interest. We will put you in touch with a mortgage advisor who will complete a headline affordability assessment. You will then be invited to view property.
*Based on assumed mortgage interest rates and lender requirements at the time of a mortgage application. If you have a higher deposit but a lower income than the minimums displayed, you may still meet the affordability criteria. Financial assessments will be completed based on individual circumstances.
Due to the widespread local transport options, car club availability, and cycle storage, St. Leonard's Court is car-free and leaseholders are unable to apply for street parking permits.
Key Features
-Private terrace
-Landscaped communal roof terrace plus courtyard garden
-Car club available nearby
-Secure parcel delivery lockers in the lobby for when you're not home
-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 included
-Cycle storage
-NHBC Buildmark Choice warranty
-EPC rating - B
-Energy efficient - lower energy bills
-Priority criteria applies - those with a local connection will be prioritised
-Built as part of the Council’s Regeneration programme
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor PlanVideo Tour
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 25%, full price £750,000, £18,750 Min Deposit. Calculated using a representative rate of 4.80%
