Catherine House (Ref. GEN35), 2 bed homes
Fifth floor apartment with 2 bedrooms in the London borough of Tower Hamlets for £98,750 at a 25% share price of £395,000, available through Shared Ownership.
*Monthly Mortgage: £499.47
Monthly Rent: £ 519.05
**Service Charge: £153.03
Council Tax: £ 1,340.00 yearly
Estimated Total (per month): £1,171.55 excluding council tax
*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
** Service Charge includes management fee and sinking fund.