325 Maybrey Works
7 Delta Court, Lower Sydenham, SE26 5FL
with min. deposit
2 bedroom flat
Brand new 2-bedroom Apartment in the Maybrey Works development, available through shared ownership in Sydenham. The price represents purchasing a 25% share of the property
Applicants must reside in London
Income caps apply – Maximum household income must not exceed £38,500 for 1 bedroom properties, £50,500 for 2 bedroom properties and £62,500 for 3 bedroom properties.
About the Development
Maybrey Works is a development of new homes in Sydenham, South London, close to local amenities and situated just a short walk from the nearest train station for travel to central London and the City.
Many apartments have balconies and …
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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