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Greyfriars Lodge

Shared ownership

2 Byland Close, Morden, SM46GB

For sale
Shared ownership
Photo of Greyfriars Lodge
Live from space album cover

from

£117,000

with min. deposit

£5,850

45% Share from
£117,000
Full market price
£260,000
Minimum deposit
£5,850
Monthly rent
£411
Monthly service charge
£58

1 bedroom flat

One-bedroom, first floor apartment available through Shared Ownership resales. Register your interest to find out more!

This property is a first floor large one double bedroom flat. The property features, spacious open plan living area with modern built-in appliances. The property has lots of natural light, a large double bedroom, spacious bathroom with a separate shower and bath and plentiful communal parking. The property also has access to it's own private bicycle racks.

Located within close proximity to Morden town centre with its great transport links into London and a good selection of bars and shopping facilities. There is direct …

Features

Communal Garden

On street/resident parking

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area46
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years125

from

£117,000

with min. deposit

£5,850

45% Share from
£117,000
Full market price
£260,000
Minimum deposit
£5,850
Monthly rent
£411
Monthly service charge
£58
Redloft

Redloft

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

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

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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