Arum House, London, SE17 1FJ
with min. deposit
2 bedroom flat
Full Market Value: £640,000
You pay (30%) - £192,000
Monthly Rent: £916.20
Service Charge: £444.51
Annual Ground Rent: £1.00
Council Tax Band: E
125 year lease commenced in March 2017 - 119 years remaining
EWS1 Certification is available for this property
The apartment is close to the very popular Sayer Street with its great cafes and restaurants. The 'almost complete' plans for Elephant & Castle span over 11 acres of new public spaces including, a new community garden, five public squares and central London's largest new park in 70 years.
Elephant & Castle provides Northern & Bakerloo underground lines, plus a mainline rail station …
|Number of floors||1|
|Entrance floor||3rd floor|
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