Shared ownership at 79, 6 Riverlight Quay, Wandsworth, SW11 8EB

79, 6 Riverlight Quay

Riverlight Quay, London, SW11 8EB

For salenew home
Shared ownership
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Register interest

from £480,000

with min. deposit £72,000

Overview

Optivo are delighted to offer for sale this well-presented 1 Bedroom 4th Floor Flat in the popular Riverlight Quay development.  The current market value is £600,000 for 100%. The minimum 80% share available is priced at £480,000, current rent payable £32.63 pcm, rent is subject to annual reviews. Service charges are currently £184.56 pcm. Lease Term: 117 Years Accommodation:  Entrance Leading to Reception Room, Kitchen, Bedroom and enclosed balcony 54 sq/m including floor are of enclosed balcony. Viewings by appointment only. Please contact linda.edvardsen@optivo.org.uk    If you would like to appl...

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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