You may simply choose to buy your choice of apartment/s, pay the low deposit and
do your own thing. That is perfectly fine. In that case the illustration is simple.
Your selection was a studio at the discounted price of £28,900
Down payment of 25% = £7,225
No further payments until completion December 2018 when the balance of £21,675 is
payable. By that date the projected value of your studio will be about £34,680 due
to the price escalation process from the discounted starting point.
A 15 year mortgage can be approved at currently 7% interest.
Balance for finance is £28,900 minus the down payment = £21,675
Monthly re-payments = £194.82
Contact us to register your interest without delay.
Other options include the furniture package which depends upon your choice of apartment
but we strongly recommend that you take this up as the quality is top class and the
prices very reasonable.
OTHER COSTS INVOLVED IN THE PURCHASE
All new properties are subject to 5% vat and 3% transfer at the end of the payment
Solicitors fees are £1,400
Stamp Duty is 0.5%
Electric and water connection £2,000 per apartment.
Mortgage arrangement fee of 2% of the property price.
Contact us to register your interest without obligation quoting HP1526 to receive
any updates or additional information or to give us your preferences. We are here