Plot 250 | Block C1 CD13 SO | Coronation Square £161,250 for a 25% share of £645,000 and a deposit as low as £8,063. Full Market Value: £645,000
25% Share Value: £161,250
Minimum Deposit: £8,063
Rent on unowned share: £968 per month
Service charge: £382 per month What is Shared Ownership?
Shared Ownership involves buying anywhere from 25-75% of a home and paying rent on the other part to a housing association like Sage. You could go on to buy 100% of it in the future once you can afford to – though you don’t have to. It’s up to you. Tenure: Leasehold Initial ground rent: £0.00 Service charge: £4,224.00 Estate management fee: £0.00 Lease length: 250 years Council Tax Band: TBC - Council Tax Band will be confirmed by the local authority on completion of the property
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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