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Purchase a 60% share for £297,000 of a 2 bedroom apartment valued at £495,000

For example, with shared ownership you can live at City Quarter in London’s Square mile from just £260 per week.*

This figure is based on a shared ownership mortgage purchasing a 25% share of a one bedroom apartment (valued at £315,000) with rent payable on the remainder. The assumed mortgage term is based on a mortgage term of 25 years mortgage at a rate of 7.0% with a deposit paid on the share. A minimum income of £36,000 (single or joint) is required.

Click here to visit our website to use our Shared Ownership Calculator.

KEY FEATURES
· Purchase from 25% to 75% of the property value, paying rent on the remaining share
· Fantastic central location – close to Aldgate East, Aldgate and Tower Hill tube stations
· High specifications with design led kitchen and bathrooms
· Only 5% deposit required on your mortgage (subject to status)
· Stamp duty paid
· Legal fees paid up to £1000

CITY QUARTER

Metro@Cityquarter is part of Berkeley Homes’ prestigious City Quarter development near Aldgate, situated just five minutes from Tower Hill and Aldgate East tube stations or a 10 minute walk to Waterloo. Travel by tube to Victoria in 14 minutes, and reach Liverpool Street and Moorgate stations in five minutes or less. The DLR at nearby Tower Gateway offers quick access to Canary Wharf and Greenwich and is only five miles from London City Airport.

All apartments have an innovative contemporary style and a specification that includes stylish fitted kitchens, modern bathrooms with chrome fittings, and security controlled access to the front entrance and apartments. All properties have an NHBC Buildmark Warranty of 10 years.

City Quarter offers an affordable city lifestyle close to the City’s amazing shops, bars, restaurants, iconic buildings and historic attractions.

LOCATION

Connections from metro@cityquarter couldn’t be better. Situated just five minutes from Tower Hill and Aldgate East tube stations, you can travel to Waterloo in 23 minutes, Victoria in 14 minutes, and reach Liverpool Street and Moorgate stations in five minutes or less. The DLR at nearby Tower Gateway offers access to Canary Wharf (11 minutes) and Greenwich (22 minutes). City Quarter is also only five miles from London City Airport.

You could be living on the doorstep of one of the world’s most important financial hubs and near famous London landmarks such as Tower Bridge and the Gherkin. Explore the trendy bars and restaurants of Whitechapel and Hoxton plus the fashionable inner-city neighbourhoods of Spitalfields and Shoreditch.


ABOUT ASSETTRUST SHARED OWNERSHIP

If you’re trying to buy a home of your own, then you probably know how difficult it is to make that first step onto the ladder. Assettrust Housing is here to help, with shared ownership schemes that reduce start-up costs and monthly repayments.

Assettrust Housing is a privately financed company established in 2003 to provide affordable homes on a rental or shared ownership basis throughout England and Wales. We do not use government grants to fund any of our schemes.

Our policy is to combine traditional values with state of the art management and financing techniques. We are governed by a charter which ensures fair rents, high standards of maintenance and effective long-term management. Assettrust tenants and owners live in high quality new homes of modern design, which include large urban mixed-tenure developments or smaller schemes.

The Assettrust group of companies has substantial interests in the commercial and residential property markets, both as principal and as a provider of services through affiliates such as Hometrack.

* An additional service charge will be payable. The overall cost of comparison in this example is 7.3%. Stamp duty paid where applicable up to a maximum share value of £250,000. Your home may be repossessed if you do not keep up with the repayments on your mortgage.

Other similar developments by Assettrust Housing in London are (please click the links below)
The Forge
Pan-Peninsula