11 Victory Parade, London, SE18 6FW
1 bedroom flat
One bedroom ninth floor flat, in the Royal Borough of Greenwich, available to buy through Shared Ownership. Full market value £375,000, 25% share available, share price £93,750.
Full Market Price: £375,000
Share Percentage: 25%
Equity Price: £93,750
Minimum Income: £40,150
Monthly Mortgage**: £474.18
Monthly Rent: £471.12
Other Housing Association Service Charge*: £155.46
Notting Hill Administration Fee: £13.50
Council Tax: £110.33
Estimated Total (per month): £1,114.26 (Excluding Council Tax)
*Service Charge payable to Rendell & Rittner Ltd
**Estimate: The monthly mortgage …
|Number of floors||1|
|Entrance floor||Ground floor|
with min. deposit
Notting Hill Genesis
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