Shared Ownership, L&Q at Beam Park, Rainham - Havering

A new neighbourhood and community for East London, an address for the future. Stylish 1, 2 & 3 bedroom Shared Ownership apartments in Rainham & Dagenham. Available with just 5% deposit, from £65,625 for 25% share.

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Reserve a new home between 9 September - 13 October and receive £500 in IKEA vouchers after you've moved in plus exclusive offers at your chosen development*

L&Q at Beam Park

A transformational new neigbourhood and vibrant new community for East London. L&Q at Beam Park is an address for the future, offering Shared Ownership homes in Rainham and Dagenham, providing residents with modern amenities and community facilities on their doorstep including two primary schools, nursery, health centre and multi-faith community centre.

Open green spaces and recreational areas will feature throughout the development, including a landscaped 2.5 hectare Central Park with playground, plus enjoy living within walking distance of Beam Valley Country Park.

Homes offer a contemporary living space, fully integrated appliances and flooring throughout. Master bedroom with fitted wardrobe, modern bathrooms and private outdoor space.

Beam Park provides easy access to London and Essex by rail, road or bus. Just minutes to the A13 for connections to the M25 and 22 minutes from London Fenchurch Street from Dagenham Dock station.

What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.

Contact a member of our sales team today to find out more or book a viewing!

*Incentive terms and conditions apply. For full terms and conditions visit https://lqhomes.com/offers/. Shared Ownership terms and conditions apply. Prices start from £65,625 for a 25% share of a 1 bedroom apartment at L&Q at Beam Park. Full market value of £262,500. Please visit https://lqhomes.com/shared-ownership/ for more information.

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1 bedroom apartment for sale

Verona House - Plot N3.1229, Versailles Road, RM9 6GN Barking and Dagenham 1 1 | Dagenham Dock (0.8 miles)

Available

£ Shared Ownership New Build

Share percentage %, full price £262,500, £3,281 Min Deposit.

Monthly Cost: £1,007
Rent £451, Service charge £181, Mortgage £375*

Calculated using a representative rate of 5.29%

Calculate estimated monthly costs

Share Min 25%

Deposit Min £3,281 £

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Shared Ownership Resale

Shared Ownership Resales: Also known as part buy part rent on second hand homes, with this affordable home ownership scheme you purchase a share of the property and rent the remainder from the housing provider.

Shared Ownership New Build

Shared Ownership New Build: Also known as part buy part rent, with this affordable home ownership scheme you purchase a share of a brand new property and rent the remainder from the housing provider. The price shows the minimum share available, and the size of the share you purchase will depend on what you can afford.

Intermediate Rent

Affordable housing scheme: Intermediate Rent (pay a discounted rent)

Rent to Save

Affordable housing scheme: Rent to Save (pay a discounted rent).

Rent to save is designed to enable aspiring home-owners to move into the home they have chosen, even if they have not yet been able to save a sufficient mortgage deposit.As the rent will be at a lower than market rate, you will be able to save throughout the period of your tenancy.

Over 55's Shared Ownership

Affordable housing scheme: Over-55s Shared Ownership

For people aged 55 or over who are otherwise unable to afford to buy a home suitable to their needs. The scheme is similar to Shared Ownership and enables you to buy a 75% share of the home or apartment.

Your Home

Affordable housing scheme: Your Home

Turn any freehold property into part-buy-part-rent with Your Home. You simply need 10% cash deposit on the full purchase price, there’s no need for a mortgage and you can buy more or move at any time plus added benefits. To find out more contact Heylo via the property page

Discount Market Sale

Affordable housing scheme: Discount Market Sale

Discount Market Sale (DMS) is a low cost home ownership product where a new build property is purchased at a discounted price. This discount is usually around 20% and the scheme is to help low and middle earners get onto the property ladder.

Help to Buy

Affordable housing scheme: Help to Buy equity loans (100% ownership but with a 20% equity loan)

Buy a new home on an approved new build development with assistance from the Government in the form of an equity loan. The equity loan is interest free for the first five years.

Shared Equity

Affordable housing scheme: Shared equity (100% ownership with a 50% – 75 % equity loan).

Buy a new home on an approved new build development with assistance from the housing provider in the form of an equity loan. The equity loan is interest and rent free.

Discount Full Ownership

Affordable housing scheme: Discount Full Ownership (100% ownership at a discount)

London Help to Buy

Affordable Housing Scheme: London Help to Buy equity loan (100% ownership with up to 40% loan)

Borrow up to 40% of the purchase price from the Government with the London Help to Buy scheme. You would only need a 5% deposit and your mortgage would make up the rest.

London Living Rent

London Living Rent is a type of affordable housing for middle-income Londoners. These homes offer lower rents, with the saving on the rent aimed to help you ave towards a deposit for your own home.

First Homes

First Homes is a scheme designed to help local first time buyers and key workers onto the property ladder, by offering homes at a discount of 30% compared to the market price. In some areas the discount could be as high as 50%.

Deposit Unlock

Deposit Unlock is a private scheme that allows you to buy a new-build home from participating home builders with just a 5% deposit. It’s been developed by the Home Builders Federation, with lenders and the house building industry.

Discount Market Rent

Affordable housing scheme: Discount Market Rent (pay a discounted rent)

Rent to Buy

Affordable housing scheme: Rent to Buy (pay a discounted rent).

Rent to Buy is designed to enable aspiring home-owners to rent a new-build home on an Intermediate Rent basis. The home will be let at up to 80% of the equivalent market rent, with a fixed rate of inflation, designed to help you save throughout the period of your tenancy.

Shared Ownership, L&Q at Beam Park, Rainham - Havering | L&Q (2024)