Ensign House, Tavern Quay, Rope Street, SE16 7EX
Summary
A Stylish One Bedroom First Floor Apartment Available On Shared Ownership
Eligibility
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.
Description
A modern, luxury 1 bedroom apartment located by the Greenland Dock waterside in Surrey Quays. The apartment benefits from a high quality interior, concierge service, private balcony and a communal roof terrace with spectacular views of the London skyline.
Nearby parks and woodland offer a quiet escape from the urban setting, while several other leisure amenities are easily within reach. This includes cafés, free gym and swim via Southwark Council, and Surrey Quays Shopping Centre.
The property is also within walking distance of London Bridge and Greenwich Park. Convenient transport links via the Jubilee Line and Windrush Line mean you are just moments away from the best that London has to offer.
Available through shared ownership on a 25% share.
Don’t miss out on this excellent opportunity to own a modern home through shared ownership.
Property information
Local area information
- Surrey Quays Rail Station (0.6km)
- Canada Water Underground Station (0.9km)
- Canada Water Rail Station (0.9km)
- Rotherhithe Rail Station (1.2km)
- South Bermondsey Rail Station (1.2km)
- Heron Quays DLR Station (1.7km)
- Mudchute DLR Station (1.7km)
- Crossharbour DLR Station (1.7km)
- Wapping Rail Station (1.7km)
- South Quay DLR Station (1.7km)
- Canary Wharf DLR Station (1.8km)
- Bermondsey Underground Station (1.8km)
- Canary Wharf Underground Station (1.8km)
- Deptford Rail Station (1.8km)
- New Cross ELL Rail Station (1.9km)
- New Cross Rail Station (1.9km)
- Westferry DLR Station (2.0km)
- West India Quay DLR Station (2.0km)
- Canary Wharf (2.0km)
- New Cross Gate Rail Station (2.0km)
Disclaimer
Monthly cost calculator
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable.