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L&Q at Elephant Park

Shared ownership

Heygate Street, London, SE17 1FJ

For salenew home
Shared ownership
Photo of L&Q at Elephant Park
Live from space album cover

from

£156,250

with min. deposit

£15,625

Overview

All homes are currently 100% sold. Register your interest to be the first to hear about our next phase launching in Spring 2022. 

About Elephant Park 

Elephant Park is a new residential development designed around a leafy landscape that boasts central London’s largest new park in 70 years. Over the next ten years, working with Southwark Council, the Elephant will become London’s most exciting new neighbourhood in a £1.5bn transformation, and by 2025, the area will welcome 3,000 new homes. The 9.7-hectare development will allow residents the convenience of a Zone 1 location, while bringing them closer to nature in a vibrant city neighbourhood.

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.

from

£156,250

with min. deposit

£15,625

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