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Insignia Place

Wellington Street, London, SE18 6QB

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  • Upper floor flat
  • 2 bedrooms

Prices from…

Shared ownership:£121,250*
Insignia Place external

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Peaceful location, still connected

Increase your savings with our Deposit Boost scheme and take a bigger step onto the property ladder.*

Insignia Place is a collection of new-build, high spec apartments located in a lively area of historic Greenwich, less than a 10 minute walk from Woolwich High Street which has all the essentials you may need.

Ready to move into now, this final two-bed apartment would make a fantastic first home and could also suit those looking to upsize. Both bedrooms offer plenty of space, with the option of using the second bedroom as a home office.

With the Crossrail just 8 minutes’ walk from your door, you’ll have plenty of flexibility when it comes to commuting and venturing across London.

Our FINAL home is available exclusively with shared ownership! Book your viewing today by calling 0808 196 1532 or email contactus@yourpersonahome.com

Key features of Insignia Place

  • Ready to move into now
  • Ideally located in Woolwich - a lively area of historic Greenwich
  • Easy access to a range of local amenities such as M&S and Tesco Extra
  • Great for commuting locally and with excellent transport links to London
  • Your own private balcony
  • Car free development

Browse all the remaining available plots

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See how much your monthly payments could be...

With shared ownership plans, your share can only be between 25% - 75%.

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25%75%
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Years

Your estimated monthly payments could be...

£1,508

Est. mortgage charge

£674

Rental cost

£834

These prices are based on a 25 year mortgage term with a 4.5% mortgage interest rate. This is the same criteria which we use in our adverts. Your actual mortgage offer may be a bit different. As a guide you would be looking at around £674 a month for your mortgage repayment and £834 for your rent. This gives you a monthly cost of around £1,508. The figures are estimates and should be used for guidance only. There may be other costs you need to consider such as estate management fees, ground rent, service charges etc.

This calculator is provided for guidance only; Persona Homes does not offer mortgage advice. You will need to take advice from a suitably qualified adviser before applying for and agreeing to a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage. If you like what you see, contact us today so we can see if we can help you make your homeownership dreams a reality.

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What's around the area

Rub1x - leisure sports centre

Shared Ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.

The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

Further information can be found in our Shared ownership article.

Do I Qualify?

You qualify for shared ownership if you:

  • Have a household income of under £80,000 (less than £90,000 in London)

  • Don’t currently own your home and can’t afford to on the open market

  • Can afford the minimum deposit

  • Pass an affordability check to make sure you can get a mortgage


* The full market value of these homes is from £485,000 but, with shared ownership, you could purchase an initial 25% share for just £121,250 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £6,063.

** The offer is available on new sales only. To be eligible you will need to reserve your home before 16 December 2022 and complete on your sale before 28 February 2023 and is subject to contract and status.

The offer is to make a contribution towards your deposit up to a maximum of 5% of the share value you are purchasing. Example: if you are purchasing a 25% share of a home with a full market value of £300,000, we will contribute up to 5% of the £75,000 share value which would equate to £3,750.

This will be a one-off payment and the relevant contribution will be deducted from your completion statement. The offer is subject to the purchaser confirming a full reservation on the plot being purchased.

The offer is subject to your lender's criteria and may reduce the equity to mortgage ratio. Offer may not be accepted by some lenders or may lead to refusal to provide a mortgage based on your circumstances.

The offer may be withdrawn or altered at any time prior to payment of the reservation fee of the relevant plot. The offer cannot be used in conjunction with any other offer and no cash alternative is available. The offer does not apply if you withdraw from the purchase of your home.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Our usual reservations and sales terms and conditions still apply. Please speak to one of our Sales Executives for more details.

Keen to find out more?

Whether you’d like to book a viewing or simply have a quick introductory chat, our helpful advisory team would love to hear from you.

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