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£68,125
Receive up to £2,500 towards buying costs.* Short walk to Barking Riverside station for Suffragette line services & Barking Riverside Pier for the Uber Boat. New amen...
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Reserve your new Shared Ownership home between 1 April - 2 May with a £99 reservation fee and receive up to £2,500 towards your buying costs*
Frost House - Plot 147Ready to move into 1 bedroom ground floor apartment with monthly costs from £1,073^. Open plan living space leading to private terrace ideal for relaxing and entertaining. Integrated appliances and flooring included. Utility cupboard for additional storage. Access to landscaped podium garden, resident's only gym, co-working space hub, concierge service and post room. Short walk to Barking Riverside Overground station for Suffragette line services to central London. Uber Boat operating daily services from Barking Riverside pier.
- Full Market Value: £272,500
- Shared Value (25%): £68,125
- Minimum deposit: (5%) £3,406
- Required income: £40,589
- Rent PCM: £468^
- Service Charge PCM: £256.74^
- Council tax band: TBC
- Please note parking is not available with this plot
Discover Barking Riverside, an exciting new neighbourhood for East London, located on the banks of the River Thames in the London Borough of Barking & Dagenham. Barking Riverside is a place to put down roots and be part of an evolving community. L&Q offer a collection of new-build apartments available through Shared Ownership.
BOOK YOUR VIEWING TODAY
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
^Total monthly outgoing guide based on 5% deposit on a 30 year mortgage term at 5% interest rate. Rent value of £468 PCM on unsold share. Mortgage value of £347 PCM on 25% share. Service charge value of £256.74 PCM. Mortgage Broker will confirm figures case by case.
L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Incentive amount is based on the property type and development. For full terms and conditions visit lqhomes.com/terms-and-conditions. Shared Ownership terms and conditions apply. Prices start from £67,500 for a 25% share of a 1 bedroom apartment at L&Q at Barking Riverside. Full market value of £270,000. Please visit lqhomes.com/shared-ownership for more information
