Posted 19 October 2023 by
Helen ChristieWhatHouse? Award-winning developer Weston Homes has a number of offers and incentives currently available at its Abbey Quay development in Barking.
The housebuilder offers a range of schemes to potential buyers, including its own First-time SecureBuy (FTSB) initiative, the Discount Market Sale (DMS) program, and the Deposit Unlock scheme. Additionally, for those who reserve a new apartment at Abbey Quay by Tuesday 31 October, 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.
Weston Homes has introduced a 'build your own' incentive. This means that buyers can receive up to £20,000 to assist with various aspects of purchasing their first home, such as deposit contributions, property price discounts, interior design packages, Stamp Duty contributions, and household bills contributions. To qualify, buyers simply need to reserve a new apartment at Abbey Quay by 31 October 2023.
Weston Homes’ unique First-time SecureBuy (FTSB) scheme gives buyers security and peace of mind, with a full refund of the reservation fee and exchange deposit should a buyer’s circumstances change prior to legal completion, subject to terms and conditions. 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 reserved their property.
To apply for a mortgage on a new build home, the property needs to be within six months of build completion. Weston Homes normally launch new build 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. Weston Homes’ sales teams are available to support and guide first-time buyers through the process helping to take out any worry along the way.
Discount Market Sale (DMS) is also available at Abbey Quay. Weston Homes, working in partnership with the London Borough of Barking and Dagenham, are offering local residents or those that work in the area a 20% saving as part of the Discount Market Sale scheme. This means eligible buyers can purchase selected one- and two-bedroom apartments with a 20% discount as well as using FTSB.
Deposit Unlock is a scheme that has been developed by the Home Builders Federation to ensure competitively priced mortgages for new build home buyers with a smaller deposit. This scheme, which is available at Abbey Quay, allows buyers to reserve a brand new home with a 5% deposit, making buying a new home more affordable.
All the 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 with modern London living in mind. 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.
Abbey Quay in Barking is a new £350m (GDV) 6-acre riverside urban village providing 1,089 new one-, two- and three-bedroom apartments, all with their own private balcony or terrace, alongside 22,281 sq.ft (2,070 sqm) of commercial and leisure space which is planned to include a new pavilion restaurant, shops, cafés, gymnasium and community hub. Abbey Quay will also benefit from pedestrian promenades, tree-lined avenues, striking vistas, public artwork and landscaping.
The London Borough of Barking is in the middle of a regeneration project seeing the creation of 20,000 new jobs and 50,000 new homes over the next 20 years. 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. For those looking to travel further afield, London City Airport is just a 16-minute drive away or Gatwick Airport is also under an hour drive away.
Buyers Frederica and Tom, note 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 and marketing director at Weston Homes, says: “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 31 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.
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