Weston Homes has launched a new 'Ways to Buy' campaign at Abbey Quay in Barking, aimed at assisting young individuals in purchasing their first home.

For those who reserve a new apartment at Abbey Quay by October 31st, 2023, Weston Homes is providing the unique opportunity for buyers to create their own incentive valued at up to £20,000 as part of their 'Ways to Buy' campaign, which seeks to educate buyers on the various methods available to get onto the property ladder.

The £350 million, 6-acre riverside urban village at Abbey Quay offers 1,089 new apartments, all with private balconies or terraces. It will also feature commercial and leisure spaces, including a restaurant, shops, gym, and community hub. The development is complemented by pedestrian promenades, public artwork, and landscaping.

Weston Homes 'Ways to Buy' schemes include:

First-time SecureBuy (FTSB)

The FTSB scheme allows first-time buyers to reserve a home off-plan for just a £500 reservation fee, and only requires a 5% exchange deposit and then, six months before build completion, the buyer can apply for a mortgage.

Should the value of the property increase in the time between reservation and build completion, buyers will only pay the price agreed on the day they reserve their property.

To apply for a mortgage on a newly built home, the property needs to be within six months of build completion. Weston Homes normally launches newbuild developments 12-24 months before build completion allowing first-time buyers to make the most of off-plan prices.

This gives buyers extra time to save and be ready to move into their new home, giving them peace of mind.

Discount Market Sale (DMS)

In partnership with the London Borough of Barking and Dagenham, this offers a 20% discount on selected one- and two-bedroom apartments for local residents or workers.

Deposit Unlock

Developed by the Home Builders Federation, it allows buyers to reserve a home with a 5% deposit.

Unique £20,000 Incentive

As part of the 'Ways to Buy' campaign, those who reserve an apartment by October 31st, 2023, can receive up to £20,000 to assist with various aspects of home buying, such as interior design packages and household bills contributions.

Please note that terms and conditions apply for all schemes.

About the New Homes for Sale at Abbey Quay

All apartments at Abbey Quay feature contemporary, open-plan living areas, opening onto balconies, complete with bespoke designer kitchens and luxurious bathrooms, all finished to the highest specification.

The homes offer a premium fully inclusive specification and are equipped with superfast broadband.

The contemporary kitchens by Oakwood Kitchens have quartz stone worktops and upstands, a wide range of integrated appliances and stainless-steel sink with integrated removable chopping board, tap with hose-spray extension, instant boiling water tap and neat integrated soap dispenser.

The bathrooms have arctic white suites, walk-in Fascino Smart showers or bathtubs, heated towel rails, integrated vanity storage, a mirror with de-mist feature and a choice of floor and wall tile colours and finishes.

About the Area

The area around Abbey Quay is undergoing significant regeneration, with plans for 20,000 new jobs, 50,000 homes, and amenities. It's well-connected, being close to Barking Station and London City Airport.

The Abbey Quay development is just a 10-minute walk away from Barking Station where the tube gets into Canary Wharf in under 20 minutes.

Buyers Frederica and Tom commented on how easy it was to purchase their first home with Weston Homes: “Buying our first home was simple, straightforward, and effortless. As a young couple it was extremely reassuring knowing that we were able to purchase completely worry-free”.

Suzanne Aplin, Group Sales & Marketing Director at Weston Homes said: “Easing the journey into homeownership is at the heart of our 'Ways to Buy' campaign at Weston Homes. We believe that purchasing a first home should be an exciting, stress-free experience. With our range of schemes and incentives, including the 'build your own' option available until the 31st of October, we're committed to making it easier than ever for young buyers to step onto the property ladder”. 

Homes at Abbey Quay start from £261,500 (price reflects the 20% DMS saving, subject to eligibility criteria).

For buyers not eligible to buy a home with the help of Discount Market Sale, the new apartments are priced from £331,000 available through the FTSB scheme with a £500 reservation fee and a 5% deposit.

The marketing suite is open 7 days a week from 10am to 5pm.

To book an exclusive viewing of the show home or to speak to a sales consultant about the various schemes and incentives on offer call Weston Homes on +44 20 3793 2585.

See more photos and link to the original website can be found on Abbey Quay development profile.

Photo: CGI of the reception in one of the apartments at Abbey Quay.