2 bed Flat For Sale £355,000
Spacious two bedroom DMS (Discount Market Sale) apartment available. (Price includes 30% saving). It is situated in the brand new Dylon Riverside development.
Description
WHAT IS DMS?
DMS stands for ‘discount market sale’. This is a home ownership product designed to help eligible people get onto the property ladder.
Through DMS, you can buy a property with a discount of 30% of the full market value. For instance, a property with a market value of £349,995 would cost you £244,997 after the DMS discount is applied.
HOW DO I FINANCE MY DMS PURCHASE?
To buy a home through DMS you will need to provide a deposit using savings and apply for a mortgage (minimum 50% gross value of the property) through a lender in the normal way. You must be a qualifying purchaser. All purchasers must sign a Statement of Truth.
HOW MUCH DO I NEED TO PAY AS A DEPOSIT?
You will need a deposit of 5% of the purchase price.
DO I HAVE TO PAY STAMP DUTY?
If you are a first-time buyer, you do not
pay stamp duty on a property’s value
up to £425,000.
AM I ELIGIBLE FOR DMS?
There are criteria that you must meet to qualify for DMS.
• At least one of the purchasers cannot own or part-own another property, either in the UK or abroad.
• Occupy the property as a sole place of residence.
• Your total gross household income must not exceed £90,000.
• At least one of the purchasers must be a ‘Key Worker’ or ‘Exempted
Purchaser’ (someone who has worked in the Armed Forces within the
last 5 years, OR someone whose death is wholly or partly caused by their service). These people must also have a ‘local connection’ (live or work)
in the Borough of Bromley.
For full eligibility details speak to a Sales Consultant.
Location
The new homes will be 0.2 mile to Lower Sydenham train station with direct trains to London Bridge taking just 14 minutes.
Square Footage: 844 sq ft
Leasehold with approximately 999 years remaining.
Additional Info
Ground Rent: £0.00
Description
WHAT IS DMS?
DMS stands for ‘discount market sale’. This is a home ownership product designed to help eligible people get onto the property ladder.
Through DMS, you can buy a property with a discount of 30% of the full market value. For instance, a property with a market value of £349,995 would cost you £244,997 after the DMS discount is applied.
HOW DO I FINANCE MY DMS PURCHASE?
To buy a home through DMS you will need to provide a deposit using savings and apply for a mortgage (minimum 50% gross value of the property) through a lender in the normal way. You must be a qualifying purchaser. All purchasers must sign a Statement of Truth.
HOW MUCH DO I NEED TO PAY AS A DEPOSIT?
You will need a deposit of 5% of the purchase price.
DO I HAVE TO PAY STAMP DUTY?
If you are a first-time buyer, you do not
pay stamp duty on a property’s value
up to £425,000.
AM I ELIGIBLE FOR DMS?
There are criteria that you must meet to qualify for DMS.
• At least one of the purchasers cannot own or part-own another property, either in the UK or abroad.
• Occupy the property as a sole place of residence.
• Your total gross household income must not exceed £90,000.
• At least one of the purchasers must be a ‘Key Worker’ or ‘Exempted
Purchaser’ (someone who has worked in the Armed Forces within the
last 5 years, OR someone whose death is wholly or partly caused by their service). These people must also have a ‘local connection’ (live or work)
in the Borough of Bromley.
For full eligibility details speak to a Sales Consultant.
Location
The new homes will be 0.2 mile to Lower Sydenham train station with direct trains to London Bridge taking just 14 minutes.
Square Footage: 844 sq ft
Leasehold with approximately 999 years remaining.
Additional Info
Ground Rent: £0.00
