102 Rigel House
Rigel House, 18 Hemming Street, London, E1 5GB
with min. deposit
1 bedroom flat
A wonderfully presented first floor 1 bedroom property available now for resale in Tower Hamlets under the Shared Ownership Scheme.
The Shared ownership scheme is a fantastic opportunity for first time buyers to purchase their first home.
This wonderful newly-built 1 bedroom property, with private outdoor space, open plan living and a communal roof terrace has been designed to meet your every comfort and provides a contemporary feel, perfect for relaxed living.
Located in Zone 1, a five minute walk away from Brick Lane and Whitechapel Elizabeth Line Station.
The property benefits from:
- Newly-built property
- Fitted integrated appliances which …
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with min. deposit
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