Full market value: £290,000.00 Share: 35% Rent per month:£432 Service charge: £105.62
Dimensions Kitchen / living - 5.08M X 7.84M / 16'8" X 25'10"
Bedroom - 3.57M X 4.95M / 11'9" X 16'3"
Balcony - 1.66M X 5.69M / 5'5" X 18'8"
The 360 shared ownership scheme offers you the chance to buy a share of a modern and spacious apartment and pay rent on the remaining share.
You can use your deposit and a mortgage to buy your share, anything from 35% to 75% of the price, and pay a subsidised rent each month on the remaining share.
You can increase the amount you own up to 100% in the future using a process known as 'Staircasing'.
You can apply for an apartment at 360 Barking using shared ownership if:
1) You do not own a property and have a household income less than £90,000 per annum 2) You agree to have a preliminary discussion with our recommended mortgage advisor to assess your affordibility 3) You have a deposit and are approved for a mortgage by our recommended mortgage advisor 4) You pay a £500 reservation fee, which takes your preferred apartment off the market 5) You provide the details of your chosen solicitor 6) You exchange contracts within 28 days of receipt of contracts by your solicitor, giving you time to raise any questions and finalise your mortgage
Please note your £500 reservation fee goes towards the cost of your apartment, but you will have additional costs such as legal and conveyancing fees.
Property descriptions and related information displayed on this page are marketing materials provided by NU Living - 360 Barking Shared Ownership. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact NU Living - 360 Barking Shared Ownership for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.