Let us introduce you to one of London’s most exclusive residential developments; Hampton Tower at SQP.
This luxury high-rise offers prime living in the heart of the City, with views of the Capital and neighbouring Canary Wharf; all with the security of Shared Ownership. Based in South Quay, London, these timeless studio, one and two-bedroom apartments deliver an outstanding specification and enviable lifestyle.
If lockdown measures are currently confining you to work from home, rest assured, the spacious homes at South Quay Plaza are elegantly designed to form a versatile living space. Whether it’s a spare bedroom, kitchen/dining area or quiet corner cleverly designed for a desk, these diverse properties can be tailored to your way of living.
Plus, with local shopping centres, convenience stores, GPs and dentists populating this well-connected area, everything is truly on your doorstep.
However, if you do need to venture further afield, South Quay DLR station is outside your front door and Canary Wharf tube station a mere 0.5 miles away.
The government-backed Shared Ownership scheme allows you to purchase one of these desirable properties at a fraction of the market price. Curious to know how? Here’s the breakdown:
Let’s say you want to purchase an apartment at Hampton Tower, valued at £435,000. Well, with Shared Ownership you don’t need to pay the full amount. You can opt to purchase a 25% share of the property – £108,750. You then need to raise a 5% deposit for your 25% share – just £5,438 – and then secure a mortgage on the outstanding amount. That’s right – it really is possible to purchase a luxurious new apartment opposite Canary Wharf with a deposit of less than £6,000.
Furthermore, if after you have moved into the property you decided you decided you want to own the property outright, you can increase the share you own of your property to 100% – something we call ‘staircasing’.
To take advantage of this rare opportunity, you can book your viewing, here. Or, head to our social media profiles on Instagram and Facebook (@legalandgeneralaffordable) to ask your property questions. #landgah #HamptonTower #SouthQuayPlaza