This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties
Presented for auction this two bedroom third floor purpose built apartment which in our opinion would make for an ideal home or investment to rent. Benefits include electric heating, double glazing, entry phone system, underground parking, communal gardens, family bathroom and an en-suite shower room to master bedroom. Council Tax Band D.
The vendor has informed us the lease is approximately 136 years, with a service charge of approximately £3000.00 per year and the buildings insurance is £292.00 per year. We are awaiting confirmation of the tenure from the Vendors solicitors, and we advise that all interested parties should obtain verification and confirmation of the terms of the lease through their solicitor or surveyor.
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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