371 New Mill Quarter
Flat 2 Scarlet House, Sutton, SM6 7FR
with min. deposit
1 bedroom flat
Wonderful 1 bedroom apartment in the New Mill Quarter Development. The price advertised represents purchasing a 25% share of the home.
About the Development
New Mill Quarter will offer 1, 2 and 3 bedroom, high quality apartments. This south-west London development, located a 5 minute drive away from Croydon, offers direct links to London Victoria in under 30 minutes from the adjacent Hackbridge Station.
Living at New Mill Quarter will allow you to embrace the outdoors with running, cycle trails and walks through the nearby 143 acre Beddington Park and also relax in Hackbridge Gardens on-site. With a Lidl supermarket, proposed café and shops …
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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