The East Thames team were really helpful
One such purchaser is Jack, who recently purchased a one-bedroom apartment at East Thames’
Fondant Court in Bow. Jack, 26, who works as a project manager at a software company in Bank,
was renting from a friend in Mile End but was really keen to have his own space.
Jack comments, “I really enjoyed living with my friend but was keen to have my own property. I
could see my rent every month being used to pay off my friend’s mortgage and I was keen to
invest in something for myself. I had looked several years before, but didn’t have the salary at the
time to be able to afford anything.”
“I looked at quite a few properties in East London, but a lot were on the ground floor and I was
keen to live higher up. I then found out about East Thames’ Fondant Court. It was just what I was
looking for, with a spacious open plan kitchen and living area and a decent sized bedroom. It was
also on the fourteenth floor.
“The East Thames team were really helpful and talked me through all the options and how Shared
Ownership would work with my rent and mortgage. All the costs were laid out and it was obvious
from the start what I would have to pay out each month.”
Jack purchased a 50% share of his apartment for £155,000, with rent payable on the remaining
equity. The full market value of the property is £310,000.
Jack continues, “The apartment is just what I was looking for. I don’t have to use public transport
and it takes me half an hour to run to work or 15 minutes to cycle. I am also close to Hackney Wick
and lots of other interesting places nearby.”
“I would highly recommend Shared Ownership. It has allowed me to get on the property ladder
and I feel like I am now putting money into a long term investment. My plan is to buy more shares
in the property as soon as I can.”