Pre-Christmas Shared Ownership Offers In London

In the run-up to the festive season, two of London’s affordable housing providers have announced some limited-time special offers on brand new Shared Ownership properties.

Central Square is Broadway Living’s WhatHouse? Award-winning development in Ealing, taking Gold in the Best Starter Home Scheme category. Homebuyers who reserve a new apartment here before 25 December 2021 will receive a £500 John Lewis voucher as a Christmas gift.

The one- and two-bedroom homes at Central Square are accessible to more buyers than ever, thanks to the recent launch of Shared Ownership properties. A 25% share of a one-bedroom apartment costs as little as £83,750 (full market value £335,000) and you only need a 5% deposit of £4,188.

For first-time buyers, London Help to Buy is also available for open-market homes at prices starting from £435,000 for a two-bedroom apartment. This government scheme provides a 40% equity loan which means you only require a deposit of 5% and a mortgage of 55%; the loan is interest-free for five years.

Common to all the homes, whether Shared Ownership or full purchase, are the interiors which feature bright, open-plan living areas with expansive floor-to-ceiling windows, and smart modern kitchens fitted with Zanussi appliances, including a washer-dryer, fridge-freezer and dishwasher. The main bedroom includes fitted wardrobes and, in two-bedroom apartments, an en suite shower room. Every apartment also has a private balcony, and there will be landscaped communal gardens to enjoy.

This development is next to Castle Bar Park station, with services to London Paddington in 23 minutes via West Ealing. Ealing’s lively high street is just two miles from Central Square, offers a broad selection of shops, bars and restaurants, a thorough range of public transport options, and parks and open green spaces. Find out more at copleyhanwellw7.co.uk.

Earlham Square

Meanwhile, Gateway Housing has launched a festive incentive at its new Shared Ownership development Earlham Square in Forest Gate, east London. Reserve your new home before Christmas and complete the purchase by 31 March 2022, and Gateway will pay your first three months’ rent.

Offering a selection of one-, two- and three-bedroom apartments, Earlham Square is set in an established leafy road just a short walk from Forest Gate station, which is served by National Rail into Liverpool Street and will offer speedy access through the capital with Elizabeth line services when they are opened in full.

This development boasts plentiful outside space with peaceful interlinked courtyards. Interiors are just as well thought out with contemporary open-plan living areas, high-specification integrated appliances included as standard and many apartments have the added bonus of a balcony or terrace.

At Earlham Square, prices start from £86,250 for a 25% share of a one-bedroom apartment with a 5% deposit of just £4,313, making homeownership more accessible to as many buyers as possible.

Gateway Housing has also launched a ‘Refer a Friend’ initiative for its current residents, with an Amazon voucher worth £250 on offer – existing residents can refer a friend, colleague or family member for a new Gateway home at any development and on completion, both resident and buyer will receive their voucher. Find out more at newhomes.gatewayhousing.org.uk.

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