Deposit Unlock Introduced At Hertford Riverside Site

Chase New Homes is now offering the Deposit Unlock scheme at Lea Wharf in Hertford whereby deposits are available from £14,999.

Deposit Unlock requires the buyer to provide a deposit of just 5%., with a 95% mortgage. Lea Wharf is a collection of one- and two-bedroom apartments in the heart of Hertford, on the banks of the River Lea and set around a central piazza, lined with a range of coffee outlets, local restaurants, and fitness studio space. The building has a communal entrance with a uniformed concierge service, and there’s a private residents’ roof garden.

The Deposit Unlock scheme, introduced by the Home Builders Federation in 2022, has been designed to help support first-time buyers and existing homeowners take their first or next step onto the property ladder. There is no upper limit on household income and those who buy with the scheme benefit from an insurance-backed guarantee giving them access to competitive rates. With deposits usually being the biggest hurdle for many first-time buyers, this scheme eliminates that obstacle and supports them in achieving their property goals.

Paul Bennett, sales and marketing director at Chase New Homes, comments: “We are delighted to be able to offer the Deposit Unlock scheme at Lea Wharf. We’ve had a brilliant response to Lea Wharf already, and by offering the chance to purchase 100% of a home here using a 5% deposit will make our stunning new apartments accessible to those buyers who require a more affordable option. Combining stunning architecture and fantastic on-site amenities alongside its unique waterside setting, we expect the high demand for homes here to continue. Not only does this development provide stylish, energy-efficient homes but it also forms an integral part of the rejuvenation of Hertford’s town centre.”

Close to Lea Wharf are numerous supermarkets, shops, bars and restaurants, and there are cultural locations and numerous events in the town annually. Hartham Common is also nearby, offering peaceful riverside walks as well as recreational facilities and cattle-grazed meadows. Just 1.6 miles away, Panshanger Park and Osprey Lake feature 24 kilometres of paths for walkers, runners and horse riders to explore alongside 1,000 acres of wildflowers and wildlife.

Lea Wharf is just a few minutes’ walk away from Hertford East railway station, whih offers regular services to Liverpool Street taking as little as 49 minutes. A little further away, Hertford North station provides direct services to Kings Cross in 52 minutes. The M25 can be reached in 30 minutes and the M1 in 35 minutes. London Stansted Airport is a 33-minute drive away.

Prices at Lea Wharf start from £299,995 for a one-bedroom apartment. Find out more at [email protected].

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