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544 New Mill Quarter

Shared ownership

Flat 7, London, SM6 7FX

For salenew home
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1 bedroom flat

Wonderful 1 bedroom apartment in the New Mill Quarter Development. The price advertised represents purchasing a 45% 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 …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£127,125

with min. deposit

£6,357

45% Share from
£127,125
Full market price
£282,500
Minimum deposit
£6,357
Monthly rent
£356
Monthly service charge
£85
Sage Housing

Sage Housing

Brochures

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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