Shared ownership at New Garden Quarter, Newham, E15 1GF

New Garden Quarter

Leyton Road, London, E15 1GF

For salenew home
Shared ownership
Live from space album cover

from

£650,000

3 bedroom

Register interest

from £162,500

with min. deposit £16,250

£162,500

3 bedroom Terraced house

Availability

For sale

Minimum share

25%

Full market price

£650,000

Deposit from

£16,250

Monthly service charge

£294

Bedrooms

3

Bathrooms

2

Reception rooms

1

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Property features

Off street parking

Overview

LAST HOUSE REMAINING! Move to the last 3 bedroom home at New Garden Quarter this March and we'll pay the rent on the remaining share you don't buy for the first 3 months!* *Terms and conditions apply, contact our team for details. Rent free on remaining unpurchased share when purchasing with Shared Ownership. Service charges still apply. Rent free for 3 months. Reservation fee must be paid before/on 13/02/2021. Sale must exchange and complete by 31/03/2021 for offer to be honoured. Offer may be removed or changed at any time. Not in conjunction with any other offer and available on 54 Leyton Road only. Our expert teams are online and on call ...

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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