2 bed Flat For Sale £118,000
Full Market Value
£295,000
Share Value(40%)
£118,000
Monthly Rent
£310
Service Charge
£169
Minimum Income
£34,725
Shared ownership
Full market value – £295,000
You pay (40%) - £118,000
Monthly rent – £310.48
Service charge - £169.09
Ground rent payable - £100.00
125 year lease commenced in December 2018 (122 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This second floor apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford's City centre. Chelmsford City offers a wide range of amenities including a wealth of restaurants and bars. The City is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool Street (approximate journey time 35 minutes). The apartment is also close p to the park and ride which provides direct access into Chelmsford City centre.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £34,725. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2021.
£295,000
Share Value(40%)
£118,000
Monthly Rent
£310
Service Charge
£169
Minimum Income
£34,725
Shared ownership
Full market value – £295,000
You pay (40%) - £118,000
Monthly rent – £310.48
Service charge - £169.09
Ground rent payable - £100.00
125 year lease commenced in December 2018 (122 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This second floor apartment is situated in a block located within close proximity to an array of amenities and a short distance to Chelmsford's City centre. Chelmsford City offers a wide range of amenities including a wealth of restaurants and bars. The City is very popular for the commuter with its mainline train station providing a frequent service to London Liverpool Street (approximate journey time 35 minutes). The apartment is also close p to the park and ride which provides direct access into Chelmsford City centre.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £34,725. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2021.
