Apartments at Royal Waterside development in North West London, have been selling well to a mix of owner-occupiers and investors, reports Redrow.
Buyers have been keen to snap up homes that are set amid green spaces, elegant waterways and a 20-acre nature reserve, yet just 23 minutes from Oxford Circus via the Central Line.
As the first apartments are now less than 6 months away from being ready to move into this winter or early 2016, Redrow is now offering Help to Buy on the final properties in the Bodium building at Royal Waterside.
The Government-backed scheme makes homeownership easier to afford by allowing purchasers to take out an equity loan for up to 20% of the purchase price. The initiative also reduces the initial outlay and means customers should typically only need a 5% deposit and 75% mortgage.
Crucially the equity loan is interest free for five years and can be repaid when the customer has more funds available or when they resell.
Kerry Jenkins, sales director for Redrow Homes (Eastern), says: “There’s a real buzz about Royal Waterside and the wider First Central regeneration scheme. It represents a rare opportunity to own a brand new apartment in green surroundings, with easy access to Central London. The premiums commanded for property in the capital are well documented and so we’re eager to let people know that Help to Buy is now available at Royal Waterside.
“Available on new build homes priced up to £600,000, Help to Buy can make a massive difference to what people can afford as it reduces both the deposit and size of the mortgage required. It could mean that savers can buy sooner rather than later or provide a way of escaping the rental trap.”
Thanks to Help to Buy a one-bedroom apartment at Royal Waterside usually costing £410,000 can be snapped up for an initial outlay of £328,000, including a deposit of £20,500.
The apartments benefit from integrated appliances to the kitchen, low energy downlights to hall, kitchen, wet areas and living/dining areas, flooring throughout, underfloor heating throughout and fitted wardrobes to the master bedroom. Secure underground car parking is included to selected apartments.
Read more at www.redrow.co.uk