The Forge
2 - 3 bedroom homes in Redclyffe Road, Newham, Newham, E6 1DZ
| Tenure |
Shared ownership What is Shared Ownership? |
| Availability | Available |
| Min share price from | £96,875 for 25% share |
| Full price from | £387,500 |
| Min deposit from | £9,688 |
| Monthly rent from | £666 |
| Service charge from | £179 |
| Bedrooms | 2-3 |
| Bathrooms | 2 - 3 |
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
Overview
Shared Ownership in Upton Park at The Forge
2 & 3 bedroom apartments available
Join us at our open evening on Thursday 21st November and secure your new home with 2 years' service charge free if you reserve by 29th November 2019*
Register today to find out more or call us on 0333 003 5091
Offering a stepping stone to home ownership in Newham, a collection of 2 and 3 bedroom apartments are available at The Forge, E6. These homes have been designed with spacious open plan living / dining spaces with a desirable specification running throughout.
· Ready to move in now
· Balcony or terrace to all homes
· Spacious open plan living / dining
· Communal residents garden
· Reach London Liverpool Street or Canary Wharf in under 20 minutes
· Parking included on selected homes
*Must reserve by 29th November. Terms and conditions apply, please speak with the sales team. Times taken from tfl.gov.uk
Local area information
Located in Zone 3, The Forge is a 4 minute walk to Upton Park station, offering great connections to central London with services running to London Liverpool Street and Canary Wharf in under 20 minutes. Living here provides a convenient location for working professionals and families alike.
| Status | Plot No. | Floor | Beds | Min share price | Eligibility |
|---|---|---|---|---|---|
| Available | B16 | Second | 2 | £97,500 | View details |
| Available | B23 | Third | 2 | £98,125 | View details |
| Available | B11 | First | 2 | £101,625 | View details |
| Available | B18 | Second | 2 | £101,250 | View details |
| Available | B29 | Fourth | 2 | £102,500 | View details |
| Available | B19 | Third | 2 | £104,375 | View details |
| Available | B09 | First | 2 | £104,375 | View details |
| Available | B26 | Fourth | 2 | £106,250 | View details |
| Available | B03 | Ground | 3 | £113,125 | View details |
| Available | B08 | First | 3 | £113,750 | View details |
| Reserved | B06 | First | 3 | £113,750 | View details |
| Reserved | B14 | Second | 3 | £114,375 | View details |
FAQ's
Min share price from: £97,500 for a 25% share
Full price from: £387,500
Minimum deposit from: £9,688
Monthly rent from: £670
Bedrooms: 2
Bathrooms: 2
There are 10 available ranging from £97,500 for a 25% share to £113,750 for a 25% share.
It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.
An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.
Leasehold, which is essentially the contract for the share you've bought.
It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.
Your solicitor can help you with this.
Check eligibility
Check your eligibility against the cheapest plot at this development. Alternatively, qualify yourself against your preferred plot listed on the ‘Availability’ table.
The Forge
2 - 3 bedroom homes in Redclyffe Road, Newham, Newham, E6 1DZ
| Tenure |
Shared ownership What is Shared Ownership? |
| Availability | Available |
| Min share price from | £96,875 for 25% share |
| Full price from | £387,500 |
| Min deposit from | £9,688 |
| Monthly rent from | £666 |
| Service charge from | £179 |
| Bedrooms | 2-3 |
| Bathrooms | 2 - 3 |
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
Housing Provider
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