There are criteria that you must meet to qualify for DMS^.
• At least one of the purchasers cannot own or part-own another property, either in the UK or abroad.
• Occupy the property as a sole place of residence.
• Your total gross household income must not exceed £90,000.
• At least one of the purchasers must be a ‘Key Worker’ or ‘Exempted Purchaser’ (someone who has worked in the Armed Forces within the
last 5 years, OR someone whose death is wholly or partly caused by their service). These people must also have a ‘local connection’ (live or work) in the Borough of Bromley. For full eligibility details speak to a Sales Consultant.
Summary
Luxurious one bedroom DMS (Discount Market Sale) apartment in the brand new Dylon Riverside development. (Price includes 30% saving)
Description
Exceptional, brand-new 1 bed DMS homes in Lower Sydenham, South-East London. The development is surrounded by expansive gardens, which will include a children’s play area and outdoor gym. Book your exclusive viewing of the Marketing Suite and show apartment today!
Key reasons to buy at Dylon Riverside
1. Excellent transport connections - Commute directly to London Bridge in 14 minutes from Lower Sydenham train station (Zone 4) which is a 2-minute walk away.*
2. Outside space - A private balcony, terrace or winter garden to every apartment, and residents can enjoy landscaped green space.
3. Save 30% of the market value with Discount Market Sale apartments. Get in touch for more information,
4. Weston Homes’ fully inclusive specification Fully integrated appliances, flooring throughout, superfast broadband and so much more. PLUS, you can choose from an extensive range of specification options at no extra cost.*
5. Enjoy the lifestyle benefits of Beckenham Built on the grounds of the old Dylon Factory, the new homes are just a 15 minute stroll from Sydenham high street and within easy reach of vibrant Beckenham.
Key Features
WHAT IS DMS?
DMS stands for ‘discount market sale’. This is a home ownership product designed to help eligible people get onto the property ladder. Through DMS, you can buy a property with a discount of 30% of the full market value. For instance, a property with a market value of £400,000 would cost you £280,000 after the DMS discount is applied.
HOW DO I FINANCE MY DMS PURCHASE?
To buy a home through DMS you will need to provide a deposit using savings and apply for a mortgage (minimum 50% gross value of the property) through a lender in the normal way. You must be a qualifying purchaser. All purchasers must sign a Statement of Truth.
HOW MUCH DO I NEED TO PAY AS A DEPOSIT? You will need a deposit of 5% of the purchase price.
DO I HAVE TO PAY STAMP DUTY?
If you are a first-time buyer, you do not pay stamp duty on a property’s value up to £425,000.
WHAT HAPPENS WHEN I WANT TO SELL MY HOME?
You can sell your home at any time. You must sell the property with the same discount percentage that you received when you bought it. Your buyer must also sign a Statement of Truth. Terms and conditions apply to both the purchase and onward
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
