Minimum income required
Minimum income required##
Full property value*
25% mortgage value
5% deposit required
Monthly mortgage payments#
Monthly rent payments**
Monthly service charge***
Total monthly cost
95.0 sqm / 1022 sqft
*Prices are subject to change, but correct as at April 2019.
**Rent per annum is charged at 2.75% of the unsold equity and is reviewed annually.
***Services charges are reviewed annually, are currently estimated and could vary. Final service charge figures will be provided to Buyers and their Solicitors as part of the purchase process.
# Fixed Rate Mortgage with an interest rate of 3.99% over a 25 year repayment term (longer repayment terms are available depending on age/s of applicant/s).
## Minimum incomes are calculated using a 5% deposit, based on HCA affordability rules and with no outstanding credit commitments or dependants. Higher deposits and savings can help reduce the minimum incomes.