Abbey Place

New Phase Just Launched - Upper Floors Now Available.

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Abbey Place: Affordable London Living with Elizabeth Line on your doorstep.

Designed to be a forerunner for future residential development in the area, Abbey Place is a duo of contemporary 13 storey and 21 storey residential buildings. Created to evoke a sense of place, to compliment Abbey Wood’s new Crossrail station and public realm.

Abbey wood is available through Shared Ownership. With prices starting at £64,500 for a 25% Share. That is a 5% deposit at just £3,225. With one and two bedroom homes available, abbey place is the perfect location for those looking to get the first step on the property ladder.

This striking design seeks to raise the quality of residential living, whilst maintaining environmental efficiency through passive design that provides natural ventilation throughout the building. Abbey Place delivers high-quality new residential

apartment living, whilst creating inviting public spaces for residents and visitors to Abbey Wood. Taking cues from local history, the new public landscape will ensure that these new homes will have the very best amenities, at the same time

helping to support growth of the area as place to live, work and relax.

WHAT IS SHARED OWNERSHIP?

Shared Ownership is a government-backed scheme that has been around for more than 35 years and has helped over 200,000 people buy a home.

WHY BUY SHARED OWNERSHIP?

Shared Ownership is the perfect way to get on to the housing ladder if your finances mean that your housing needs and your current situation don’t quite match. Better still, it’s usually cheaper than renting.

HOW DOES IT WORK?

With Shared Ownership you buy a percentage of the home’s overall value.You can buy between a 25% and 75% share

to start with, and you must always buy the maximum you can afford. You pay rent on the share you don’t buy. The rent increases annually, but is always subsidised and is worked out using a percentage of the value of the share you don’t own.

If you’re looking to buy with Shared Ownership you’ll need a mortgage in the same way you would if you were buying

on the open market. Shared Ownership mortgages are available from most mortgage lenders, who will lend to you if

you have a 5% deposit or greater. This means that you could buy your dream home, in your dream area, without needing

a big deposit or big salary.

ARE YOU ELIGIBLE?

There are two things to think about when looking into Shared Ownership:

• You must earn less than £90,000.

• You must be a first-time buyer, or no

Longer have your name attached to a house (if you are selling your home at the moment, speak to your provider,

they will be able to advise you).