Price Showing is 25% of £420,000 full market value.
In the heart of London E15, within fifteen minutes of the centre of the City, this brand new development of 26 homes offers a really exciting opportunity to get on to the property ladder. The houses themselves feel spacious and inviting, there are generous work spaces in the kitchen and the bathrooms are neutral with 4 piece suite and en suite to master bedrooms.
This exciting Shared Equity scheme offers potential home owners, who are currently frozen out of the London housing market, a helping hand onto the property ladder.
For your exclusive appointment to our Launch Event, call our sales team today *NewShare enables you to buy 50% or more of a home using a deposit and a mortgage. Newham Borough Council then fund an Equity Loan for the remainder of the purchase price, charging a low annual fee, to keep the product affordable for you. You can then purchase the remainder of your home as and when your circumstances allow.
For example, if you purchase a home at full market value of £200,000 at a 50% NewShare purchase you will pay £100,000 through your deposit and mortgage. Newham Borough Council will then loan you the remaining 50% (£100,000) and charge an annual fee of 1.75% (£1,750 pa). This loan is for up to 25 years and can be repaid in full at any point in this period or when you come to sell your home (whichever is sooner).*The Borough of Newham offers enormous potential as a place to live and work. It is a thriving area which is rapidly emerging as a centre of commerce and culture. Situated just three miles from the City, Newham was the main host borough of the London 2012 Olympics and houses the Queen Elizabeth Olympic Park, Westfield Stratford City and the ExCeL. Newham has the youngest and most diverse population in the UK which makes for an exciting area rich in culture, flavour and atmosphere. The borough's youthful vigor and creativity has fused with the traditional East End values of warmth, friendliness and community spirit to make Newham a welcoming place with a unique character. Nearly ten per cent of the borough is green space and residents can take advantage of a range of sports and leisure activities around the borough's parks. Continued...
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