4A Thornlaw Road
Thornlaw Road, London, SE27 0SA
with min. deposit
1 bedroom flat
Ground floor, one bedroom home set within an over 55’s development offering both independent and assisted living in the London Borough of Lambeth. Buyers at Cheviot Gardens will benefit from access to optional on site extra care facilities, activities and services available at this development, highly commended for best design at the 2018 National Housing Awards. This property is priced at £132,000 (40% share price of £330,000 full market price) and available through OPSO (Older Persons Shared Ownership).
Monthly Mortgage: £667.65
Monthly Rent: £574.34
NHHO Service Charge: £283.16
Ground Rent: £27.50
Council Tax: £107.05
|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