Auckland Rise and Sylvan Hill
427 Church Road, London, SE19 2QL
with min. deposit
2 bedroom flat
Full market price
Monthly service charge
Number of floors
Offering wonderful views to the south-east this new quiet neighbourhood of Auckland Rise & Sylvan Hill in Upper Norwood holds homes perfect for first-time buyers and anyone who longs for a green outlook and a sense of space, with an easy commute into Central London.
Full market value: £465,000
5% mortgage deposit: £23,250
40% equity loan: £186,000
Each apartment offers generously sized rooms allowing for open and light-flooded spaces along with our contemporary kitchen finishes which include integrated Bosch appliances, natural Silestone worktops and soft closing cabinets. We have used oiled oak timber flooring to all living …
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
with min. deposit