Shared Ownership in Barking
You can get your hands on high spec properties in Barking without the stress that comes with stretching your finances, by simply using Shared Ownership.
Help to Buy & Shared Ownership
Shared Ownership in Barking will allow you to part buy, part rent a property while only paying a deposit on the amount you wish to buy. The portion you don’t own belongs to a non-profit housing association which means your rental costs will be significantly less than that charged by private landlords. In fact it is often the case that your mortgage payments plus rent is cheaper than simply renting alone in the same area. With L&Q’s 2 bedroom luxury open plan apartments on Weavers Quarter and Estuary’s premium, cosy apartments on Blake Avenue you can find the very best properties under shared ownership without compromising on quality.
Another scheme that the new developments in Barking offer is Help to Buy. This allows you to pay just 5% deposit for a home and receive a 40% equity loan from the government, meaning your mortgage will amount to just 55% of the value of the property. The loan has 0% interest for the first five years so you won’t have to feel stretched when it comes to your finances. 360Barking, is just one development which offers state of the art contemporary design close to the rejuvenated Barking town centre by NU Living. For bigger homes, you can take advantage of Verde at Barking Riverside offering 4 bedroom apartments within convenient distance to central London.
Transport and Leisure
Just 26 minutes on the train to St. Paul’s from Barking Station and 33 minutes from Canary Wharf, you are well connected to the capital and all the attractions of the buzzing metropolis, both day and night. With an extension to the London Overground, creating further access to the surrounding areas from Barking, due to open in 2021, you will have even more option when it comes to travel. London city airport is also just 50 minutes away while the local bus service runs 24 hours a day, so you won’t have to worry about taking cash for an expensive taxi after a night out in Barking.
If you’re looking to wake up every morning with a views of the sunshine sparkling off the River Thames, then Barking is your ideal location. With the new developments along the river, awash in sunlight from their south facing positioning, you are spoilt when it comes to area in these luxury, spacious properties. Decorated in untouched natural landscape and enveloped in the Essex countryside, you are free to spend your weekends ambling amongst forestry and