South East London contains 5 different boroughs; these are Southwark, Lewisham, Greenwich, Bexley, and Bromley. If you decide that you want to purchase one of the houses for sale south east London, you won’t have to worry about what to do in your free time as there is plenty of things to do nearby such as visit the museum of London docklands, valence house and Crystal Palace Park. There are also some great shopping centres if you want to spend the day out with friends and excellent places to eat when you want to go out for a meal. There are a selection of fantastic houses for sale south east London these include small bungalows, large 5 bedroom family homes, and also your more traditional 2 and 3 bedroom family homes. Many of the houses for sale south east London, have been recently built and therefore have a modern look to them, these houses are waiting for the right family to come along. Alongside being able to purchase one of these fantastic houses for sale south east London, they are have a selection of penthouses and apartments which can provide you with stunning views that spread across the busy city of London and its countryside. A selection of the larger, family homes, have either large gardens or pieces of land, these are ideal for families with children or those who enjoy gardening as they can decorate their garden, plus they can enjoy the fantastic view and spend some time enjoying the space during those warm, summer days.
There are many homes in south east London which are available to individuals who chose to go through shared ownership. Shared ownership means that you will get to own a share of the property but you will pay rent for the remaining share of the property. Shared ownership is a government-backed initiative that helps people to get onto the property ladder, it is mostly aimed at first time buyers and also those who owned a property in the past, but can no longer afford to purchase a property. Shared ownership means you will have the choice to purchase larger shares into the property at a later date, this process is called stair casing. People may choose the option of stair casing as it will reduce the rent that they have to pay and also because when it comes to selling your home, the bigger the percentage of the property that you own, the more profit you make from it if the value of your home gets increased.
You are able to buy a minimum of a 10% share per transaction; the problem is that with several housing associations you are usually limited to a maximum of three transactions. This means that if you’re wanting to have complete ownership of the property you need to achieve 100% ownership by your third transaction. With each share that you purchase, the rent that you pay decreases according to the new percentage that you own. To be eligible for shared ownership (read more: www.moneysupermarket.com), you will need to be at least 18 years of age, be a first time buyer, although there are some other circumstances which housing associations will allow you to go through with shared ownership depending on your current situation. Finally your household income must be less than £60,000.