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Tooting Bec Development

Help to Buy

Mandrake Road, tooting, SW17 7PU

For salenew home
Photo of Tooting Bec Development
Live from space album cover
  • from

    £470,000

    1 bedroom

  • from

    £

    2 bedroom

from

£470,000

with min. deposit

£23,500

Akai Homes

£470,000

1 bedroom flat

Availability

For sale

Full market price

£470,000

Deposit from

£23,500

Monthly service charge

£125

Annual ground rent

£0

Reservation fee

£500

Bedrooms

1

Bathrooms

1

Reception rooms

1

Furniture status

unfurnished

Number of floors

1

Entrance floor

1st floor

Tenure

leasehold

Property features

Terrace

Overview

New development with London Help to buy - Call now to book an appointment and reserve now! Don't Miss Out!

Located in Tooting Bec - one of south west London's most desirable property hotspots, This development will bring a collection of one, two and three-bedroom apartments and houses.

Excellent transport links - Tooting Bec Underground, Wandsworth Common, and Earlsfield stations are all within easy walking distance

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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