Mountfield Road

Studio homes in Newham, Newham, E6 6BJ

Tenure Shared ownership
What is Shared ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Three bedroom, first floor flat, in the London Borough of Newham, available to buy through Shared Ownership. Full market value £265,000, 75% share available, share price £198,750.

Monthly fees
Mortgage**: £1,056.58
Notting Hill Housing Monthly Rent: £158.39 
Newham Council Monthly Service Charge*: 78.99
Council Tax: £80.66

Estimated Total (per month): £1,293.96 (excluding council tax)

*Service Charge payable to Newham Council, plus an additional £10 Ground Rent per year.
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years, which is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

 

Ground floor
Communal entrance hall

First floor
Hall, Lounge, Balcony, kitchen, Bedroom 1, 2, 3 and Bathroom/WC

External
Communal gardens

GIA
82 square metres as per RICS valuation

Accessibility rating 
F - General Access

EPC rating
C

Length of lease
97 years

Borough
Newham

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Mountfield Road

Studio homes in Newham, Newham, E6 6BJ

Tenure Shared ownership
What is Shared ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes