Leaside Lockin London
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Leaside Lock on the map of London
Mortgage in Leaside Lock
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | High-rise |
| 🟧 Quality Classification | High-end, Affordable |
| 🟧 Number of floors | 9–28 |
| 🟧 Number of units | 965 |
| 🟧 Parking | Available |
| 🟧 Amenities | Roof garden, Pets allowed, Retail and leisure space |
| 🟧 Number of buildings | 9 |
| 🟧 Off-plan property | Yes |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | No |
| 🟧 Gym | No |
| 🟧 Kid’s Facilities | Games room |
| 🟧 Swimming Pool | No |
| 🟧 Warranty | 10 Year warranty on all properties |
| 🟧 Bicycle Storage | Yes |
| 🟧 Lift | Yes |
| 🟧 Energy Efficiency | Energy saving features like low-energy lighting and solar panels to communal areas |
About the units
| 🟧 General | Utility space, Workspace |
| 🟧 Ensuite | Master bedroom en-suite |
| 🟧 Heating & Cooling | Under floor heating |
| 🟧 Communications | Superfast broadband |
| 🟧 Kitchen | Integrated Bosch kitchen appliances, Stainless steel cooker, hob and extractor, Fridge/freezer, Washer/dryer |
Property Description
In which area is Leaside Lock located?
Leaside Lock is located in the district of Bromley-by-Bow in London. The residential complex is situated right next to the Bromley-by-Bow subway station, so getting to work is easy. In addition, there are several bus stops nearby. The windows of the apartments offer magnificent views of the River Lea, as the complex is located on its banks. The location offers a wide range of educational institutions for children of all ages, as well as hospitals, private doctors' offices and pharmacies.
For fresh produce, head to local supermarkets such as Sainsbury's, Tesco Superstore or Local Express. Near Leaside Lock, you will find an abundance of restaurants, cafes and pubs, including Stroudley Grill & PFC, The Little Driver, and The Widow's Son. In your free time, you can watch a movie at the Stratford East Picturehouse, enjoy a play at the Half Moon Theater, or take a walk and have an active time at Queen Elizabeth Olympic Park.
What is around the corner?
- Nurseries/Education: Old Palace Primary School (4 min), Ian Mikardo High School (6 min), East London Science School (6 min), Bow School (7 min), Marner Primary School (9 min), Children's House Nursery School (10 min).
- Shopping: Sainsbury's Local (5 min), Tesco Superstore (2 min), Bow Convenience Store London (14 min), Best One London (11 min), Local Express (10 min), Bow Supermarket London (18 min).
- Medical Facilities: St Andrews Health Centre (11 min), London Ambulance Service NHS Trust (13 min), Kamsons Pharmacy (11 min), Tesco Pharmacy (3 min), Merchant Street Surgery (20 min), Harley Grove Medical Centre (22 min).
- Café/Restaurants: Stroudley Grill & PFC (11 min), Galvanisers Union (10 min), The Widows Son (14 min), Mighty Bite Cafe (17 min), The Beehive (12 min), The Little Driver (17 min).
- Entertainment: The House Mill (5 min), Rooftop Film Club (29 min), Stratford East Picturehouse (29 min), Half Moon Theatre (43 min), Three Mills Park Playground (9 min), Newham Memorial Park Play Area (33 min).
- Others: Adult Gymnastics London: Over Gravity Gymnastics (4 min), Queen Elizabeth Olympic Park (23 min), Bow Church (11 min), Memorial Recreation Ground (34 min).
What are the architectural features of Leaside Lock?
Leaside Lock is a large-scale residential complex consisting of 9 buildings. Its height varies from 9 to 29 floors. The new development is built in contemporary style, and each object has an unusual shape and great design. The exterior of the buildings is made of brown and red bricks. The residential complex comes with hundreds of windows of different sizes and balconies with latticed railings.
Which amenities are on the territory?
The residential complex includes retail and leisure spaces as well as a big roof garden to relax and enjoy the city views. The residents have car parking and bicycle storage at their disposal. A playroom is provided for children. The complex is also equipped with modern lifts to all floors, a security system and lighting for communal areas.
Is there public transport?
- Bus Stop: 488, D8 (2 min), 323 (7 min).
- Metro Line: Bromley-by-Bow (2 min), Bow Road (18 min), West Ham (28 min).
- Railway Station: Stratford (29 min).
- DLR Station: Devons Road (14 min), Pudding Mill Lane (19 min).
- Road Access: A12, Hancock Road, Three Mill Lane.
- Heliport: Royal London Hospital Heliport (52 min).
- Car Rental: Zipcar (2 min), Spectrum Car Hire Ltd (13 min), Rentals HQ (14 min).
- Bicycle Rental: Santander Cycles: Cantrell Road, Bow (19 min).
- Others: Bromley Airport Transfer Taxi (8 min), D B O Cars (16 min).
What are the available layouts?
Leaside Lock is a modern collection of 1-, 2- and 3-bedroom apartments and studios. The total number of residential units is 965. The kitchens are equipped with integrated Bosch appliances. The bathrooms come with high-quality sanitaryware and there is underfloor heating throughout the apartments.
Who is the developer of Leaside Lock?
The history of the Guinness Partnership began in 1890 with a charitable foundation. Now it is one of the largest real estate developers in the UK. Once, the company helped with housing for the homeless in London and Dublin and now operates throughout England. The developer currently manages over 66,000 homes and serves over 140,000 clients. You can find out about all current projects of the company on Korter. Look for more information on the official website.
