1/21
£81,250
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
About the Property:
This stylish and modern two bedroom apartment on the sixth floor is perfect for working professionals looking to buy their first home.
A large entrance hall, with storage, leads to a spacious open-plan kitchen and living area. With floor-to-ceiling windows, this bright and airy dining space is ideal for entertaining and daily living.
The kitchen, fitted with tiled walls, includes an integrated oven hob, extractor fan, fridge/freezer, with space for a washing machine or dish washer, and ample storage cupboards.
A generous master double bedroom, with private balcony, provides plenty of natural light to create a serene and comfortable retreat.
The bathroom is sleek and modern, with tiled walls and flooring, complete with high-quality fixtures and finishes.
Situated within a well-maintained gated development, this property comes with an allocated underground car parking bay. Secure bicycle storage and motorbike parking are also available for residents’ use upon request. In addition there is a small children's playground within the communal area.
About Living in Woolwich:
With its dynamic community and convenient location, Woolwich is a fantastic place to call home. This apartment is perfect for professionals, couples, or investors looking for a prime property in a thriving London suburb.
Previously announced as ‘one of the most exciting neighbourhoods in the capital’ by the Sunday Times, Woolwich has gained recognition for its impressive views of the Thames, connections to central London and its cultural offering.
Woolwich is renowned for its excellent transport links, including the newly opened Elizabeth line, DLR and mainline train services, bus routes, and the Thames Clipper Boat Service, providing swift access to Central London and beyond. Via the Elizabeth line, Woolwich commuters can easily travel to popular destinations such as Canary Wharf (8mins), Liverpool Street (15 mins), Tottenham Court Road (20 mins), Bond Street (23 mins) and Heathrow (54 mins).
Situated close to Woolwich Town Centre, this apartment benefits from the vibrant and evolving character of the area. Residents can enjoy a variety of amenities, including an array of shops, cafes, pubs and restaurants, as well as scenic green spaces and the beautiful Thames Path for leisurely walks along the river.
The area is rich in history and culture, with numerous historical cannons on display along the Thames Path, showcasing Woolwich’s 500-year past as a centre for artillery production. The Thames Barrier is within walking distance, and other nearby heritage sites include Severndroog Castle, Charlton House and Eltham Palace.
The popular cultural venue Woolwich Works, named London’s ‘best new culture spot’ by Time Out, hosts a varied programme of live music, comedy, theatre and family events. Other nearby attractions include the Royal Arsenal’s farmers’ market, Punchdrunk’s acclaimed immersive theatre experience, Tramshed’s community arts hub, and the popular Dial Arch pub and beer garden. Other unique spots to eat and drink include ViB Bar, Maya DD’s, SALT Woolwich, and much more.
Residents can also look forward to a new state-of-the art leisure centre with gym and swimming pool that is currently being built in Woolwich town centre, expected to open in the near future.
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.