Cordage Works E17
Sutherland Rd, London, E17 6BJ
with min. deposit
2 bedroom flat
A spacious two-bedroom 867 sq ft ground floor apartment with an open-plan kitchen/living/dining room, master bedroom with fitted wardrobes, a second double bedroom and contemporary bathroom. There is a generous south-facing terrace with direct access to the residents' garden.
• £123,750 (25% minimum share)
• £851 Monthly rent
• £177 Monthly service charge*
• Lease Term: 250 Years
• £495,000 (Full market value)
The kitchen is equipped with a full suite of integrated appliances including a multi-function oven, microwave oven, fridge/freezer and dishwasher. A freestanding washer/dryer is stored within a separate utility cupboard.
|Number of floors||1|
|Entrance floor||Ground 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