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Pricing to be confirmed
1, 2 & 3-bedroom Shared Ownership apartments COMING SOON to Wembley!
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.
A collection of Studios, 1, 2 & 3-bedroom Shared Ownership apartments COMING SOON to Wembley!
Located next to the Grand Union Canal, Grand Union offers stunning studios, 1, 2 & 3-bedroom apartments for Shared Ownership in the heart of Wembley. Each apartment boasts a fitted kitchen with integrated appliances, open living spaces, and one or more private balconies to each apartment, and concierge service.
Key Features
- 1, 2 & 3-bedroom apartments
- Balconies to all apartments, with multiple to selected plots
- En-suites to selected plots
- 260-year lease
- Excellent transport links with the Bakerloo and Piccadilly lines within walking distance of the development
- Contemporary fully fitted kitchen with integrated appliances
- Plush fitted carpets in bedrooms for added comfort
- Ready to move into
Key Information
1-bedrooms from:
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £370,000
Share Value (initial purchase) from: £92,500
Rent (on unsold equity): from £636
Service Charge: from £171 per month
Lease Length: 260 years
Council Tax Band: C
EPC Rating: TBC
2-bedrooms from:
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £492,500
Share Value (initial purchase) from: £123,125
Rent (on unsold equity): from £846
Service Charge: from £280 per month
Lease Length: 260 years
Council Tax Band: D
EPC Rating: TBC
3-bedrooms from -
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £592,000
Share Value (initial purchase) from: £148,000
Rent (on unsold equity): from £1018
Service Charge: from £437 per month
Lease Length: 260 years
Council Tax Band: E
EPC Rating: TBC
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Located in the London Borough of Brent, this development offers convenient access to central London via the Bakerloo and Piccadilly lines from nearby Stonebridge Park and Alperton stations. The area boasts excellent restaurants and nightlife, as well as the iconic Wembley Stadium and OVO Arena just an 11-minute cycle away. The area also offers a diverse community, with an abundance of local shops, eateries, bars, and leisure activities nearby.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £90,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You’ll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Red Loft
