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£68,125
Receive £1,500 towards buying costs* Short walk to Barking Riverside station for Suffragette line services & Barking Riverside Pier for Uber Boat. New amenities inclu...
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 a selected Shared Ownership home between 1st - 20th December and receive £1,500 towards your buying costs*
Frost House - Plot 147Ready to move into 1 bedroom ground floor apartment with monthly costs from £1,063^. 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: £40,161
- Rent PCM: £468^
- Service Charge PCM: £246.88^
- Council tax band: TBC
- Please note parking is not available with this plot
Barking Riverside
A landmark development for London along the banks of the River Thames. Barking Riverside is a joint venture between L&Q and The Mayor of London, and is one of Europe's largest brownfield developments, covering an impressive 443 acres, alongside 2km of beautiful south-facing River Thames frontage.
Fielders Quarter at Barking Riverside offers a collection of Shared Ownership homes with modern interiors. Residents can stay active and healthy with the convenience of an on-site gym, ensuring fitness is easily incorporated into daily routines. The presence of a dedicated concierge service adds a touch of luxury, providing assistance and enhancing the overall living experience. Additionally, the inclusion of a collaborative working space within the block speaks to the development's commitment to fostering a dynamic community.
Barking Riverside embodies a contemporary lifestyle, making it an ideal choice for those seeking a modern and well-rounded living experience. With the Riverside Campus School recently awarded "Outstanding" rating also within the development, the neighbourhood is the perfect family-friendly environment for your new home.
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 £246.88 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 https://lqhomes.com/terms-and-conditions/">lqhomes.com/terms-and-conditions. Shared Ownership terms and conditions apply. Prices start from £66,250 for a 25% share of a 1 bedroom apartment at L&Q at Barking Riverside. Full market value of £265,000. Please visit href="https://lqhomes.com/shared-ownership/">lqhomes.com/shared-ownershihref="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpublic-gbr.mkt.dynamics.com%2Fapi%2Forgs%2F7ef9c521-1823-4862-ba42-4213c93cb9f0%2Fr%2Fmk89cJVw9UiybkuRToNtlxAAAAA%3Ftarget%3D%257B%2522TargetUrl%2522%253A%2522https%25253A%25252F%25252Flqhomes.com%25252Fshared-ownership%2522%252C%2522RedirectOptions%2522%253A%257B%25225%2522%253Anull%252C%25221%2522%253Anull%252C%25222%2522%253A%257B%2522utm_source%2522%253A%2522Dynamics%2520365%2520Customer%2520Insights%2520-%2520Journeys%2522%252C%2522utm_medium%2522%253A%2522email%2522%252C%2522utm_term%2522%253A%2522N%252FA%2522%252C%2522utm_campaign%2522%253A%2522%2522%252C%2522utm_content%2522%253A%2522%255BOutbound%255D%2520New%2520Year%2520Campaign%2520Mailer%252024%2520-%252026.12.24%2522%257D%257D%257D%26digest%3DwM1m45InVmbaT6siX8tdgYo506mhHbZjNk4pmrACbys%253D%26secretVersion%3Da6751a3a834744298598bfc7d73b336f&data=05%7C02%7Claurenbalne%40lqgroup.org.uk%7C4cf5db70cc1c4aaebd6f08dde1542166%7C98d94a17168648bdb71287295b8149d5%7C0%7C0%7C638914474129025527%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=8UVav38FiTMGFlJyNkUk4MXCuFoXRVffEr2%2Bq2ccVm8%3D&reserved=0 for more information.
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