1 /15
£98,000
Morgan Sweet, Cranbrook, EX5
- 2 beds
£98,000
- 2 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£447 per month
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
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
£4,900
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Address: 3, Morgan Sweet, Cranbrook, Exeter, Devon, EX5 7ET
Property type: 2-bedroom mid terrace house
Scheme: Shared ownership resale
Full market value: £245,000
Share Purchase Price and Rent Examples:
The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 40% share, the share purchase price will be £98,000 and the rent will be £318.53 a month.
Your annual rent is calculated as 2.6% of the remaining share of the full market value owned by the landlord.
Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document.
All figures are subject to change.
Monthly payment to the landlord:
In addition to the rent above, the monthly payment to the landlord includes:
Service charge £7.99
Buildings insurance £12.60
Total monthly payment excluding rent £20.59
(these are subject to change during the purchase process)
Reservation fee: £500.00
You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.
Tenure: Leasehold
Council Tax Band C
Property type: 2-bedroom mid terrace house
Scheme: Shared ownership resale
Full market value: £245,000
Share Purchase Price and Rent Examples:
The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 40% share, the share purchase price will be £98,000 and the rent will be £318.53 a month.
Your annual rent is calculated as 2.6% of the remaining share of the full market value owned by the landlord.
Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document.
All figures are subject to change.
Monthly payment to the landlord:
In addition to the rent above, the monthly payment to the landlord includes:
Service charge £7.99
Buildings insurance £12.60
Total monthly payment excluding rent £20.59
(these are subject to change during the purchase process)
Reservation fee: £500.00
You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.
Tenure: Leasehold
Council Tax Band C
Mortgage calculator
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£447 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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