Hanover House, 1 bed homes
8th Floor one bedroom home in the London borough of Lambeth for £165,000 (30% share price of £550,000), available through Shared Ownership.
*Monthly Mortgage: £834.56
Monthly Rent: £731.93
Notting Hill Administration Fee: £13.50
**Other Service Charge: £230
Council Tax: £141.17
Estimated Total (per month): £1,809.99 excluding council tax
*Estimate - The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 here. It is based on a 90 % mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
** Estimated Service Charge payable to an external management company