Help to Buy London offered on final apartments at L&Q’s Wandsworth development
Posted 13 October 2016 by Keith Osborne
Four of the final ten apartments to go on sale at L&Q’s popular The Schoolyard development in the heart of Wandsworth will be available with the Help to Buy London shared equity scheme, the company has announced.
The final batch of properties at the scheme will include four two-bedroom apartments priced from £591,250, just under the Help to Buy London threshold of £600,000. Under the shared equity scheme in the capital, buyers need supply just 5% as a deposit, with the government providing a 40% equity loan (interest-free for the first five years), leaving the buyer to find a mortgage for 55% - a percentage that can secure some of the most competitive home loans on the market.
Cathy Lloyd, sales and marketing director at multi-award-winning L&Q, says: “As one of the UK’s largest housing associations, L&Q is already known for its Shared Ownership and affordable housing schemes. Adding London Help to Buy to our offer will allow us to help even more buyers purchase their first home. We anticipate the scheme will be extremely popular here at The Schoolyard, which is located in Wandsworth, an area widely recognised as one of the most sought after for young professionals in the capital.”
These new homes, located on the site of a former school, close to the River Thames and Wandsworth Town station, have a contemporary architecture matched by their stylish interiors, which include underfloor heating, Symphony kitchens, integrated Zanussi and Electrolux appliances, built-in wardrobes and chic bathrooms. Each property also has a substantial private balcony, terrace or patio. All residents have access to the landscaped communal gardens.
The area is well served by regular trains and buses and within easy reach of outdoor spaces such as Clapham Common and Wandsworth Common.
House-hunters will find a fully furnished show home open at the development from Monday to Thursday, 10.00am to 5.00pm.
Find out more at www.theschoolyardsw18.com ; 0333 003 3710