Shared Ownership
This superb modern home is available to buy from as little as £96,250 with a 35% share!
Located on the ninth floor within this modern apartment block and presented in immaculate condition throughout, the accommodation features an entrance hall that open through to an open plan lounge/kitchen/dining space which is perfect for socialising and entertaining. Double doors open to a private balcony where you can enjoy far-reaching views over Ilford. This home also offers a spacious double bedroom and a bathroom.
Ilford mainline train station and Elizabeth line are just yards from the apartment block. There are local shops and restaurants literally on your doorstep with bus links to Romford and Stratford Westfield Shopping Centres.
PRICING & AFFORDABILITY
Full Market Value: £275,000
35% Share Price: £96,250 (rent £586.77 pcm)
Minimum 5% Mortgage Deposit (30% share): £4,812.50
Approximate Service Charges: £196.34 pcm
Shared Ownership Lease: approx. 119 years
ELIGIBILITY
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.
