Cottington St, London, SE11 4BN
with min. deposit
2 bedroom flat
Full market value - £500,000
You pay (45%) - £225,000
Monthly Rent - £505.31
Monthly Service Charge - £249.09
Annual Ground Rent - £100
125 year lease commenced in April 2019 (120 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This apartment is close to Kennington Underground station (Northern Line), Elephant & Castle Mainline and Underground stations (Bakerloo and Northern lines, plus overground services to …
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|Key Information Document|
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