Share Price £133,750 (from 25% Min. Share)
Full Value £535,000 | £6,688 Min. Deposit
Scheme: Shared Ownershipcheck_circle Available now
Back Church Lane - 1 bed apartment in Tower Hamlets
place Twyne House, Back Church Lane, E1 1LX
Last large one bedroom apartment in the heart of London - Call now to arrange a viewing
*Must live or work within a London Borough
*Must meet the minimum income requirements - £64,000
Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the Shared Ownership scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%.
You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.
Am I eligible?
There are certain conditions to be eligible for a Shared Ownership property:
• Your annual household income must be no more than £90,000.
• You must be unable to purchase a home suitable for your needs without assistance.
• You must be able to demonstrate a connection to the local area of the development.
• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
• You must be 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.
If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property
**LAST REMAINING PROPERTY!**
DON'T MISS OUT - incentive being offered of £500 Cashback (conditional on exchanging in 28 days)*
A stunning 1st floor one bed apartment situated in the heart of Aldgate, East London.
The internal specification is bright and contemporary with a custom-built kitchen with feature glass splash back, a sleek bathroom and a luxurious bedroom with a built in wardrobe - providing a perfectly practical living space.
As well as a private balcony overlooking the internal courtyard, the apartment benefits from access to a large communal roof terrace on the fifth-floor of the building, providing a beautiful space in which to relax and enjoy the breath-taking views of the City and Canary Wharf.
Located within walking distance to the City and just an eight-minute walk to Tower Gateway DLR station, providing access to Canary Wharf in just 12-minutes*. Back Church Lane benefits from an incredibly central and convenient place to live and enjoy all that London has to offer.
To register your interest or for any other enquiries please contact the Customer Service Team – Sales on:-
T: 020 7378 5638 E: firstname.lastname@example.org
All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.
These prices are to be used as a guideline only as they may change.
*terms and conditions apply.
- Less than ½ mile to Aldgate East Underground station – Zone 1.
- Large balcony.
- Fully-fitted designer kitchen.
- Elegant Villeroy and Boch bathroom suite.
- Underfloor heating.
- Fitted wardrobe.
*Journey times are calculated from Tower Gateway DLR station, based on Transport for London data at the time of writing.