Deposit Boost - lower your mortgage!

Insignia Place

Plot 1.07/C.02. - 2 bed apartment - Type B

Wellington Street, London, SE18 6QB

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Upper floor flat
2 bedrooms

Price from

£121,250* with shared ownership

Check out our affordability calculator

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About this home

Reserve this plot by the 16th December and we will top up your deposit by a further £6,063 with our Deposit Boost scheme!**

This second floor apartment offers stylish, open-plan living featuring floor-to-ceiling windows which allow plenty of natural light, and a private balcony providing a great space to relax and get some fresh air.

Both double-sized bedrooms come with a good amount of space, with the master bedroom benefitting from a mirror fitted wardrobe. The kitchen includes integrated appliances and the open plan living space is a perfect place and entertain friends and family.

Don’t miss out on what could be your dream home – book a viewing today.

View the brochure

Key features

High quality specification home
Versatile open plan living spaces
Fitted kitchen with integrated appliances
Premium floor package included
Private balcony
Fitted wardrobes to master bedroom
Easy transport connections in an idyllic setting
7 minutes’ walk to Woolwich DLR and mainline station
Great location at the heart of Woolwich, range of amenities nearby
Available through shared ownership

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Floor plans

Insignia Place - Two bedroom apartment - Type B

2-bedroom apartment

Kitchen/living/dining

5.9m x 4.52m

19ft 4″ x 14ft 10″

Master bedroom

5.8m x 2.8m

19ft x 9ft 2″

Bedroom 2

4.5m x 3m

14ft 9″ x 9ft 10″

Bathroom

2.2m x 2m

7ft 3″ x 6ft 7″

Total floor area

76.9m²

827.8sq. ft.

Kitchen/living/dining

5.9m x 4.52m

19ft 4″ x 14ft 10″

Master bedroom

5.8m x 2.8m

19ft x 9ft 2″

Bedroom 2

4.5m x 3m

14ft 9″ x 9ft 10″

Bathroom

2.2m x 2m

7ft 3″ x 6ft 7″

Total floor area

76.9m²

827.8sq. ft.

Your estimated monthly payments could be...

£1,795

Est. mortgage charge

£674

Rental cost

£834

Service charge

£287

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 £1,795. 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.

Have any questions?

Our lovely Persona Homes Hosts are happy to help

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 this home is £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.

Good to know

This is a summary of information about this property and what your ongoing costs are likely to be once you move in. Your sales host will be able to give you more information about this home.

Tenure: TBC
Council tax band: TBC
Lease length: TBC
Service charge: £286.38

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