15 Culvert Drive, London, E3 3UF
1 bedroom flat
This 1 bed flat is found in a great apartment block in Bromley by the Bow that is just a 14 minute bus journey and 16 minutes on the tube to Stratford Station. A perfect home for commuters.
The flat has a bright and open living area that leads to a large balcony with great views of the River Lea. The kitchen is fully fitted with plenty of space for a dining area. The double bedroom offers plenty of space and has large windows that lets lots of natural light in. There is a modern family bathroom newly tiled with a bath and shower.
Full price: £355,00
Min share: 50%
Min share value: £177,500
Subsided monthly rent: £472.37
Minimum deposit: £8,875
|Number of floors||1|
|Entrance floor||1st 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