All you need to know - Riverstone Kensington - Flipbook - Page 32
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17.
Can I live in my apartment for only part of the year?
Of course. We recognise the importance of 昀氀exibility in your retirement. At Riverstone, we
make sure your apartment is looked after and kept safe and secure whilst you’re away.
However, you’re not allowed to leave the apartment empty for more than 12 months in a row.
18.
Can I take out a mortgage to buy the apartment?
Our lease does allow you to take out a mortgage when you buy the apartment. You
would need to speak to a mortgage broker to see what mortgages are available to you.
Our lease limits the amount you can borrow up to a maximum of 60% of the value of
the property.
If you do decide to take out a mortgage, we strongly recommend you get independent
昀椀nancial advice about the mortgage. This is to make sure you know you can a昀昀ord the
mortgage repayments as well as the other amounts you pay under the lease.
19.
Can I sublet or rent out my apartment?
No. Renting or subletting your apartment is not allowed under the terms of the lease.
This includes renting your apartment, or any part of it, online or via agency websites
such as Airbnb.
20.
Can I carry out works to my apartment?
Yes. Non-structural works are allowed but we will need to approve any works and
contractors before you start. The on-site Riverstone team will be more than happy to
help arrange any works you wish to carry out. We can also put you in touch with our
pre-approved contractors. We can ask you to remove any works which you carry out
during your time at Riverstone before you sell the apartment. Please ask our client
advisors for a copy of the Lease Summary for more information.
