Check your affordability
We’re delighted to be offering a luxury collection of homes at Boulevard | Royal Warwick Square
Due to popular demand at Boulevard, we are currently only carrying out viewings for those who live in the Royal Borough of Kensington & Chelsea.
If after allocation, there are still apartments available to reserve we will then carry out viewings alongside the levels of priority mentioned below.
All allocations will be prioritised as below, based on the applicants attending your viewing day. For more information please speak to your sales executive on your appointment.
Eligibility levels at Boulevard
- Live & Work in Royal Borough of Kensington & Chelsea
- Live in Royal Borough of Kensington & Chelsea
- Work in Royal Borough of Kensington & Chelsea
- Live or Work in surrounding boroughs
- Live or Work in all London boroughs
There are also levels of basic Shared Ownership prioritisation explained here. This shows how allocations are given across our Shared Ownership schemes. At Boulevard, the local authority have added an extra level of priority based on how long you have lived within the borough, which will be the highest level or priority at this scheme.
Before virtually viewing at Boulevard, you will need to have passed a financial assessment with our independent mortgage advisor Censeo Financial, they’ll be able to take you through your free check to understand your finances in more detail.
Call: 0207 090 7290
Recommended Guidance Affordability
- 1 bed apartments: Guidance income of £57,319 p.a. with a £18,250 deposit*
All applicants will need to live in the Royal Borough of Kensington & Chelsea in order to reserve an apartment at Boulevard. All applicant address’ will be confirmed by the council at reservation stage before any reservations are accepted.
Apartments at Boulevard will be sold completely off plan. All reservations will be made via virtual viewings, and the sale will be expected to proceed without viewing the apartment before handover of our homes by the developer.
*Although the above is a guidance, we recommend that you get in touch with Censeo as you may be able to afford more than you realise.
Benefits of having a free affordability check
Going through your finances and having your affordability reviewed with a mortgage advisor is crucial when buying a home; especially through Shared Ownership.
Despite the guidance income and deposit amounts, you may find that you’re able to afford a home at a development like Boulevard | Royal Warwick Square. Especially if you have a larger deposit and lower income, or higher income and a smaller deposit than the recommended amounts.
And as the financial checks are free and only take a short time to do, you’ll be able to refine your property search understanding your mortgage options and affordability more in moments.
Understanding Shared Ownership
Shared Ownership is a great way to buy a home and is often a more affordable way to get on to the property ladder.
As a government-funded scheme, Shared Ownership is exclusively aimed to help those who cannot afford to buy a property at its full market value. It is a “part-buy/part-rent” scheme where you purchase between 25% - 75% share of the home and pay rent on the rest.
You’ll need to get a mortgage on the share you are purchasing which often mortgage brokers and independent mortgage advisors such as Censeo* can help with, as well as pay rent on the share you don’t own. But also be aware that additional costs such as service charges and household bills will need to be accounted for.
However, this can all be covered in a brief conversation with a mortgage advisor to give you an idea on whether Shared Ownership is the right product for you, and what you can afford.
*Lines open Monday – Friday, 9am – 5.30pm