Rent paid for up to 3 months when you reserve a new Shared Ownership home between 1 – 30 November*
Rent paid for up to 3 months when you reserve a new Shared Ownership home between 1 – 30 November*
Following an impressive £3.7 billion regeneration programme, Canning Town is fast becoming East London's latest hot-spot, the destination of choice for city professionals and first time buyers alike. Benefit from great transport connections on your doorstep. Less than a 5 minutes walk to Canning Town station for the Jubilee line, DLR and buses for a fast and convenient commute to Canary Wharf, The City and across the capital. Plus just a short walk from Custom House for the Elizabeth line. Enjoy an abundance of shops, cafés, restaurants, leisure activities and entertainment all within easy reach, from Westfield Stratford, the O2, Canary Wharf and the Royal Docks
You can buy a 25% – 75% share of your new home through Shared Ownership. You’ll pay a mortgage on this and subsidised rent to L&Q on the remaining share. You need a deposit of 5% of the value of your share, meaning you can enjoy the stability of home ownership with a much lower upfront cost.
As time goes on and your income rises, you’ll have the option to ‘staircase’ – to increase the amount you own. During your ownership, you can do this three times, with prices based on the market value of your home at the time, eventually, you can own 100% of your home, and no longer pay rent. Eligibility criteria applies. You must have a maximum household income of £90,000.