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The Foundation

Shared ownership

College Terrace, London, E3 5AN

For salenew home
Shared ownership
Photo of The Foundation
Live from space album cover
  • from

    £145,000

    2 bedroom

from

£145,000

with min. deposit

£7,250

Gateway Living

£145,000

2 bedroom flat

Availability

For sale

Minimum share

25%

Full market price

£580,000

Deposit from

£7,250

Monthly rent

£996

Monthly service charge

£176.58

Bedrooms

2

Bathrooms

2

Reception rooms

1

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Overview

Final 2 bed apartment available located on the ground floor (Plot 28).

These apartments offer a great opportunity to buy into a striking new development in London’s Mile End, offering two and three-bedroom apartments available through shared ownership in Bow. The Grade II listed site, dates back to the 19th century, home to a series of remarkable schools over the last 175 years including the prestigious Coopers’ Company and Coborn School, one of the city’s oldest academic establishments.

Working with the local authority and English Heritage, developer Jaspar Homes Limited has created an outstanding new address: one that respects the …

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

£145,000

with min. deposit

£7,250

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