Lea Court - GEN6
Lea Court, 143 broad lane, London, N15 4QH
2 bedroom flat
First floor 1-bedroom home in the London borough of Haringey for £156,000 at 40% share price of £390,000 available through Shared Ownership.
Hallway, Reception/ Kitchen,
Two Bedrooms, Bathroom with WC
Length of lease
You will need to be earning a guidance income of £48,365. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,600. Total approximate savings required £19,600.
Important borough specific …
|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