Weston Homes is responding to a growing trend of joint home ownership by offering superior two-bedroom apartments designed for sharing.

Recent data from Halifax shows that 63% of first-time buyer mortgages in the UK in 2023 involved multiple purchasers. This shift is driven by high house prices and other financial barriers, making joint purchases with friends or family more appealing.

The choice of first-time buyers to partner up with a friend or family member in order to own a home comes as no surprise as a recent report from the Home Owners Alliance states that 73% of today’s aspiring homeowners say their parents owned their home, but only 48% expect to own themselves (a drop of 25%). The majority (71%) of Brits who do not own their home, aspire to do so in the future, but 52% of these 7.5 million aspiring homeowners do not think they will ever be able to. Top reasons for not believing they can own their own home include: high house prices (60%), saving for a deposit (44%), the inability to afford monthly mortgage repayments (33%) and the inability to get approved for a mortgage (31%) all of which can be alleviated by purchasing with a friend or family member.

The two-bedroom apartments by Weston Homes offer a unique combination of luxury, comfort and affordability, making them an ideal choice for sharers looking to enter the property market together. The signature apartment layout, available in most of their developments, provides two equally sized bedrooms, each with an en suite bath or shower room – providing equal levels of luxury to both occupiers.

The schemes with such 2-beds include Springfield Park in Maidstone MD14, Tayfen Court in Bury St-Edmunds, The Laundry Works in Watford WD18 (top image) and Dylon Riverside in Sydenham SE26 the apartments redefine urban living and are all located within a 15-minute walk of a tube or train station. Each property features generous living spaces, thoughtfully designed layouts and high-quality finishes, providing residents with a stylish and comfortable home environment.

See all new developments by Weston Homes.

Weston Homes' properties are designed with first-time buyers in mind, featuring an all-inclusive specification that eliminates the need for costly upgrades or renovations. From stylish interiors to energy-efficient integrated appliances, Weston Homes' properties offer a hassle-free living experience from day one.

With energy-efficient features and eco-friendly design at their core,  the properties have a reduced environmental impact and lower utility bills. Buyers can save an average of over £1,600 per annum on energy bills according to the Home Builders Federation, Watt A Save Report, July 2023.

Weston Homes company offers a range of financial assistance programmes and buying advice to help ease the transition into homeownership and ensures that first-time buyers have access to the widest available selection of financing options, to find a solution where it is possible. For example, Weston Homes has a new partnership with the leading mortgage scheme ‘Own New Rate Reducer’ which works with home builders and lenders to enable buyers to own 100% of their new homes with lower mortgage interest rates and smaller deposits.

Suzanne Aplin, Group Sales and Marketing Director at Weston Homes commented: “We recognise the importance of supporting first-time buyers on their journey to homeownership. The increase in people purchasing with a friend or family member is something our developments are perfectly suited for with many providing superior two-bedroom apartments. Our properties are meticulously designed to meet the needs and aspirations of first-time buyers, offering a combination of affordability, quality and value that is unmatched in the market.

Our collaboration with Own New is just one example of our commitment to supporting first-time buyers looking to purchase their first home. By offering financial assistance and expert guidance, we empower first-time buyers to make informed decisions and secure their dream home with confidence."

For more information contact Weston Homes on Tel: 01279 873 300 or visit weston-homes.com.