Flat for sale in Clarence Road, Herne Bay CT6

** shared ownership resale available or 100% Mortgage **

Zest Homes are pleased to offer this stunning spacious two-bedroom second-floor apartment for sale located in Founders View, which is a contemporary apartment block close to the seafront at Herne Bay. The property comprises a communal entrance with phone entry system and lift, modern open plan kitchen and reception, fitted kitchen with integrated appliances, two double bedrooms, family bathroom with shower over bath, double glazing throughout and generous storage space.

The property also benefits from access to a well-maintained communal garden and an allocated off-street parking space.

Zest homes highly recommends viewing please call Property Value = £260,000
Percentage Share = 40%
Share Price = £112,000
Monthly Ground Rent = £20
*Monthly Rent = £345.45
*Monthly Service Charge = £219
**Monthly Mortgage Payment = £560
***Annual Household Income = £35,000

Length of Lease: Approx. 996 Years
Term : 999 years from and including 25 March 2018
Council Tax Band: Canterbury Council - C
EPC Rating B

*Please note the rent and service charge is reviewed annually 01 April.
The above information is to give an idea and can not be relied upon to be accurate, . You will need to be applied for shared ownership to check your eligibility, Zest Homes have specialist that can do this for you please contact us to refer your details.

Lease Details

Date : 2 August 2018
Term : 999 years from and including 25 March 2018

Ground Rent £20 Per Month

Service Charge £219.00 Per Month

Shared Ownership Sales Criteria

Eligibility:

Interested applicants should be registered and approved for the scheme by completing our shared ownership eligibility application at .
To be eligible an applicant’s household income cannot exceed £80,000 for a property outside of London or £90,000 for a property in London.
Homeowners can be considered; however, exchange of contracts for this sale cannot take place until their current property ownership has been terminated.

Affordability:

Applicants should be able to obtain a high street mortgage (an adverse credit lender may not be excepted by the Association).
Where a mortgage is not accessible, cash purchasers will be considered on a case-by-case basis.
Applicants must have a good credit history – no ccj’s or loan defaults.
A successful candidate must pass the shared ownership affordability assessment with an Independent Financial Advisor. This advisor will be appointed from the Hyde New Homes panel.

Financial Information:

Property Value = £260,000

Percentage Share = 40%

Share Price = £104,000

Monthly Ground Rent = £20.83

*Monthly Rent = £404.38

*Monthly Service Charge = £219.54

Please note the rent and service charge is reviewed annually 01 April.