Share percentage 25%, full price £545,000, £6,813 Min Deposit.
Monthly Cost: £1,869
Rent £818,
Service charge £275,
Mortgage £776*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Shared Ownership
To be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:
You are at least 18 years old
You cannot afford to buy a home that suits your household’s needs on the open market
You have savings to cover a mortgage deposit and can obtain a mortgage
You are a first-time buyer
If you already own a home and need to move but cannot afford to – or you have equity from a recent sale – please contact us, as there are some circumstances under which you may still be eligible. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.
Applicants with a household annual gross income in excess of £90,000 are not eligible for Shared Ownership in this area.
Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with anindependent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.
Summary
Up to £5000 when you reserve a 1 bedroom apartment to boost your deposit! Speak to a member of the sales team for more information.
Description
Award-winning Alta at Consort Place - now 50% reserved. Contact us today.
Set in the heart of Canary Wharf, the impressive Alta at Consort Place offers a contemporary collection of one and two bedroom apartments with shared ownership.
All homes at Alta are between 25th and 32nd floor so almost every apartment boasts extraordinary views across the capital. Located in the centre of London's business district, Alta offers a fresh destination with cafés, bars, activity spaces, educational facilities, a health centre, and restaurants. Everything you need is within easy reach.
These impressive homes received Highly Commended for Best Medium Development at the First Time Buyer Awards 2023, so getting onto the property ladder at Alta doesn't just mean a beautiful new home, but an award-winning beautiful new home.
Up to £5000 when you reserve a 1 bedroom apartment to boost your deposit! Speak to a member of the sales team for more information.
Wheelchair adaptable apartments are available.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
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The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £545,000, £6,813 Min Deposit. Calculated using a representative rate of 5.26%
