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£96,250
Otium House, Fox Lane, N13
- 1 bed
£96,250
- 1 bed
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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One bedroom third floor SHARED OWNERSHIP apartment with private terrace for sale in the heart of Palmers Green at One Fox Lane.
Buyers will be able to purchase between 25%-75% of the overall flat value which is ?385,000.
The key features of shared ownership include:
- You become a genuine financial stakeholder in your home, not just a renter with no returns.
- The property is entirely yours, allowing you to decorate and furnish it according to your preferences, and you won't share it with anyone else.
- You purchase a portion of the property that fits your budget and pay a reasonable monthly fee for the remaining share you haven't bought.
- The monthly costs are comparable to renting a similar property on the open market.
- The deposit required is lower as it's based on the share you buy, not the property's full value.
- When you decide to move on, you can sell your share to a buyer at the current market value or choose to purchase more shares until you own the entire property.
Enquires on shared ownership properties will be passed onto a third party.
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