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£102,500
Stunning one bed apartment in an award winning development
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?
Kelshall Court is situated in Hackney Council's award winning Kings Crescent development, where we are pleased to offer a one bedroom apartment on the ground floor, complete with a private garden.
Located next to Clissold Park and moments away from Stoke Newington High Street, you're sure to find a great selection of activities and places to eat and drink right on your doorstep.
Gross household income required from £53,000. Minimum deposit from £10,250*
This is based on the full market value of £410,000 at a 25% share. Service charge per month is £145.89 and Rent per month is £848.83.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
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 the 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.
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