Full Market Value
£500,000
Share Value(50%)
£250,000
Monthly Rent
£312
Service Charge
£118
Minimum Income
£56,250
Shared ownership
Full Market Value – £500,000
You Pay (50%) - £250,000
Monthly Rent - £312.36
Service Charge - £118.14
Ground Rent - nil
189 year lease commenced in June 1998 (166 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 apartment is situated close to Stoke Newington Church Street with its boutique shops, restaurants, pubs and coffee shops in one direction and Newington Green Village with its shops, cafes and patisserie in the other. Within easy reach of trendy Dalston and Islington's Upper Street with its wealth of shops, bars and restaurants. Transport links are excellent with numerous bus routes along Stoke Newington Church Street, Albion Road and Green Lanes as well as Rectory Road, Stoke Newington and Canonbury Overground Stations providing quick and easy access into the West End and City.
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 £56,250. 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. In order to register, please visit our website to register and obtain your uynique 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 September 2021.