Full Price £400,000 (with 40% Equity Loan)

Minimum deposit: £20,000

Scheme: London Help to Buy

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Royal Arsenal Riverside - Studio apartment in Greenwich

place Royal Arsenal Riverside Sales & Marketing Suite, Imperial Building, No. 2 Duke of Wellington Avenue, SE18 6NJ

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Discount Market Sale & London Help to Buy at Royal Arsenal Riverside.


Eligibility

Who is eligible?

- Equity loans are available to first time buyers as well as homeowners looking to move.
- You cannot have a deposit lower than 5% of the full purchase price.
- The maximum income multiple for a Help to Buy purchase is 4.5x your household joint or single income. The mortgage taken must be on a repayment basis and cannot be interest-free.
- Your debt to household income ratio cannot be more than 45% please see the guidance on this on the How do I apply page
- All Help to Buy applicants will go through a financial assessment. For further information, please read the Capital Funding Guide.
- Help to Buy London will carry out a sustainability check when you send your application through using the calculator provided by the Homes and Communities Agency following the Calculator Guidance.
- You cannot part exchange your current home to buy a new home under Help to Buy.
- You must not own any other property at the time you buy your new home with a Help to Buy equity loan.
- You will not be able to sublet a home purchased under Help to Buy.
- The home you want to buy must be a new build, advertised as Help to Buy by a Help to Buy registered developer, with a maximum price of £600,000. Help to Buy assistance is unavailable for new builds that are not Help to Buy registered.
- This particular scheme is available in England only. There are Help to Buy schemes available in Wales and Scotland; however, each national Help to Buy scheme has varying terms. Please keep this in mind for any prospective Help to Buy purchase.
*Source: https://www.helptobuylondon.co.uk/equity-loan/eligibility

 


Description

Royal Arsenal Riverside is one of South East London's most exciting riverside addresses, occupying a prime location along the River Thames with a forthcoming on-site Crossrail Station and buzzing retail hub.

  • Forthcoming on-site Crossrail station
  • Close proximity to London City Airport
  • Fantastic range of on-site amenities
  • Over 1km of river walk
  • Luxury spa and gym
  • 300m away from National Rail and DLR stations
  • Available with London Help to Buy
  • Available with London Help to Buy
  • London Help to Buy: Equity Loan
  • £500 reservation fee 
  • 5% deposit required
  • 40% loan from the Government 
  • You obtain a mortgage for the remaining 55% 
  • No fees charged on the 40% loan for the first five years of ownership

Key Features

Apartment E3.0.5 in Pavilion Square

  • Contemporary Manhattan Suite
  • South facing
  • 412 Sq. Ft.
  • Ground floor
  • Now ready for occupation

Download Documents

Link to the floor plan Property brochure 1

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Calculate Monthly Cost

Share price
£ 400,000
Min. £400,000
Equity loan
40%
Your deposit
Min. £20,000
Monthly cost*
£1,009
Cost breakdown
£140
Service charge
£869
Mortgage*
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.