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£368,600
2nd Floor Two-Bedroom Two Bath Apartment with Balcony
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
SHARED OWNERSHIP two bedroom apartment available to purchase at a 75% share of £485,000 with a minimum 5% mortgage deposit of £18,187. Call today to arrange your appointment to view.
Why rent when you could buy: Is it now time for you to start paying your own mortgage instead of someone else’s? Compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised.
Financial Breakdown:
Full market value: £485,000
75% share value: £363,750
5% deposit: £18,187
Monthly Rent on un-owned share £277.86
What is Shared Ownership? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note images used in this listing are dressed images of the apartment.
Countrywide Shared Ownership - London & Essex
