Discounted market rent at Colindale Gardens Rent to Buy, Barnet, NW9 4DX

Colindale Gardens Rent to Buy

32 Lismore Boulevard, Colindale, Barnet, NW9 4DX

Rentednew home
Discounted market rent
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Overview

All Rent to buy homes at Colindale Gardens are reserved!Live for today. Save for tomorrow. Own the future.Rent to Buy at Colindale Gardens is a brand new way to help people like you, eventually buy a home in a place you want to live. Rent your new home at a 20% discount, save as you go for a deposit and after 2 years own your home through Shared Ownership. A 20% discount on your rent means you can build up savings of £7,200 in just two yearsFor a limited time only  you can also get up to £5,700 cashback towards your deposit. Eligibility criteria- My household income is not more than £90,000 a year- I don’t own a property already- I am wi...

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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