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SO Resi Flora Court

Shared ownership

CR7 7FP, London, CR7 7FP

Coming soonnew home
Photo of SO Resi Flora Court
Photo of SO Resi Flora Court
Photo of SO Resi Flora Court
Photo of SO Resi Flora Court
Live from space album cover

from

£75,000

with min. deposit

TBD

Overview

The homes, set along a mews which is just around the corner from the library and approximately five minutes’ walk from the station, have private balconies and striking interiors. Thornton Heath is a popular yet affordable area of south London, with good connections into central London and Croydon, making these homes ideal for people looking to get on the housing ladder.

SO Resi is acting as agent on behalf of Brick by Brick.

Delivered by Brick By Brick, the developer built for Croydon, sending all the proceeds from their homes to Croydon Council to help fund frontline services.

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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