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4 Lambarde Square

Shared ownership

Lambarde Square, Greenwich, SE10 9GB

For sale
Shared ownership
Photo of 4 Lambarde Square
Live from space album cover

from

£138,000

with min. deposit

£13,800

40% Share from
£138,000
Full market price
£345,000
Minimum deposit
£13,800
Monthly rent
£544
Monthly service charge
£159.65
Annual ground rent
£100
Reservation free
£500

1 bedroom flat

SHARED OWNERSHIP
Full market value - £345,000
You pay (40%) £138,000
Monthly rent: £544.12
Monthly service charge £159.65
Ground rent £100.00 p.a
125 year lease commenced in October 2012 ( 115 years remaining)


EWS1 is available for this building.

The buyer will require a deposit to obtain a mortgage for this property.


To meet the requirements for this property we require as a guideline, a minimum household income of £45,320. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; applicants should purchase the maximum share that they can afford and sustain.


Only applicants who …

Features

Balcony

Double Glazing

Bedrooms1
Bathrooms1
Reception rooms1
Floor area47.97
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years115
EER Current83
EER Potential83
EIR Current94
EIR Potential94

from

£138,000

with min. deposit

£13,800

40% Share from
£138,000
Full market price
£345,000
Minimum deposit
£13,800
Monthly rent
£544
Monthly service charge
£159.65
Annual ground rent
£100
Reservation free
£500
L&Q

L&Q

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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