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3 bed apartment in Newham

Mountfield Road, London, E6 6BJ

Available Now

Full price £265,000 / minimum share £198,750 (75%)

Call 0203 815 1234 to book your appointment

Affordable housing scheme: resales ('part buy part rent' on 2nd hand homes)

Budget calculator

Estimated total monthly cost£1,170

(includes: rent£158,

service charge£237,

estimated mortgage£775)

Three bedroom, first floor flat, in the London Borough of Newham, available to buy through Shared Ownership. Full market value £265,000, 75% share available, share price £198,750.

Monthly fees
Mortgage**: £1,056.58
Notting Hill Housing Monthly Rent: £158.39 
Newham Council Monthly Service Charge*: 78.99
Council Tax: £80.66

Estimated Total (per month): £1,293.96 (excluding council tax)

*Service Charge payable to Newham Council, plus an additional £10 Ground Rent per year.
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years, which is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

Accessibility Rating: F - General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.

Eligibility

You will need to be earning a guidance income of at least £46,659. You will need access to savings of at least £4,000 to cover the cost of buying the home.  A minimum 10% deposit approx. £19,875 Total approximate savings required £23,875.

This property is open to applicants who live are work in London, however priority will go to applicants with a connection to Newham.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

Ground floor
Communal entrance hall

First floor
Hall, Lounge, Balcony, kitchen, Bedroom 1, 2, 3 and Bathroom/WC

External
Communal gardens

GIA
82 square metres as per RICS valuation

Accessibility rating 
F - General Access

EPC rating
C

Length of lease
97 years

Borough
Newham

Floor plan

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.