Hanover House - 635, Studio bed homes
Tenth floor studio apartment in the London borough of Lambeth for £350,000 at a 25% share price of £87,500, available through Shared Ownership.
Studio room (including kitchen, bathroom and hallway)
Length of lease
*Monthly Mortgage: £ 442.57
Monthly Rent: £ 644.77
Notting Hill Administration Fee: £13.50
**Service Charge: £ 178.77 (estimated)
Council Tax: £ 1,445.00
Estimated Total (per month): £1,279.61 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 payable to external managing agent.