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Low Deposit And Cash Back For First-Timer In Harlesden

Posted 21 September 2021 by Keith Osborne

Owning a property in London has become a reality for first-time buyer Ian Legg, through Shared Ownership in Harlesden...

Owning a property in London has become a reality for first-time buyer, Ian Legg.

Frustrated by the financial barrier of purchasing a home in the city, Ian, a station supervisor for London Underground, spotted Hyde New Homes’ Helix development in Harlesden.

With a mix of Shared Ownership homes with private outside space set around a landscaped, communal area, just five minutes’ walk from Harlesden station, the development offered exactly what he and his partner wanted, at a realistic and affordable price.

“We were looking for a home we could make our own,” explained Ian. “When we viewed the apartments at Helix, we knew it was the right place for us.”

Having discussed various buying options with Hyde New Homes – part of WhatHouse? Award-winning The Hyde Group – the couple decided to purchase a 25% share of a two-bedroom apartment, valued at £420,000, with just an £8,000 deposit. Ian even managed to receive £4,000 from Westminster City Council because he had previously rented a special home from the council through an intermediate rent scheme.

The award-winning new Stonebridge Park development in Harlesden, is in Zone 3 and well connected to other parts of London by public transport. Oxford Circus is 24 minutes away by Underground, while Brent Cross shopping centre is just eight bus stops away, and Wembley is one stop on the train.

Park of the borough of Brent, known as one of the most diverse in London, Harlesden has a wide array of independent shops, specialty cafés and historic parks.

Ian said: “I wouldn’t have been able to afford a flat outside of London, let alone one in the city, if it wasn’t for the Shared Ownership scheme. I even have the opportunity to buy further shares in the future, which will allow me to own 100% of my home over time.”

Find out more at www.hydenewhomes.co.uk.

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Find your part buy part rent house today!

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