Exclusive Incentives At Shared Ownership Sites

Many look to this time of the year as a chance to save money on important transactions, and buying a home is no exception when purchasing with L&Q.

On Wednesday 16 November, L&Q will launch their exclusive Black Friday incentives across a selection of their sites. 

Giving buyers fantastic opportunities to step onto the property ladder through Shared Ownership, L&Q is offering a £500 John Lewis Voucher, a reduced reservation fee of £99, and exclusive development cost contributions to customers who reserve a selected home before 30 November, the start of the offers coinciding with both Black Friday and Cyber Monday.

Already an affordable route onto the property ladder, Shared Ownership is an alternative route to home ownership. The government-backed scheme allows purchasers to buy a percentage share of the property and pay rent on the remaining portion. Only requiring a deposit and mortgage to cover the share they are purchasing, the buying option has helped hundreds of thousands of first-time buyers onto the property ladder - and is set to help even more following the end of the Help to Buy scheme.

Whether prospective homeowners are looking for a sleek city apartment, or a spacious family home, L&Q have a wide range of homes available through Shared Ownership ready to move in now, ensuring there’s something for every home-hunter considering a move. 

With deposits from as little as £2,850 and prices starting from just £57,500 for a 25% share of a Shared Ownership property, L&Q’s Black Friday deal provides the perfect opportunity for aspiring first-time buyers to find their new home before the New Year.

Claire Brenlund, sales and marketing director at L&Q, comments: “Shared Ownership is an increasingly popular route to home ownership, allowing hopeful buyers to purchase a property in incremental shares, between 25-75%. As the Help to Buy deadline has now passed, we envisage the government-backed Shared Ownership scheme to become an even more popular way to buy a home. We hope that the exclusive discounts and incentives L&Q are offering this year as part of our Black Friday campaign will help make buying even more affordable for aspiring purchasers.”

Developments involved in the exclusive Black Friday offer include L&Q at Queen’s Quarter, a collection of one-, two- and three-bedroom apartments for sale with Shared Ownership in East Croydon. At this development, from 16 – 30 November, buyers can receive up to £6,000 towards buying costs on all available homes. Ready to move in now, the development forms part of the wider Queen’s Quarter masterplan, which, once complete, will deliver 513 homes and 13,000 sq ft of retail and commercial space in Croydon. East Croydon Station is just a seven minute walk away, where trains to both London Bridge and London Victoria arrive in less than 20 minutes, whilst Boxpark Croydon is only an eight minute walk from the development.

Across the capital in East London, L&Q in Beam Park offers a new collection of one-, two- and three-bedroom homes through Shared Ownership in Rainham. Included in the Black Friday deal, purchasers at L&Q at Beam Park will receive up to £5,000 toward buying costs on selected available plots. Part of a joint venture between L&Q and Countryside, Beam Park is transforming a 71-acre site with 3,000 new homes and substantial public infrastructure, across the border of the London Boroughs of Barking & Dagenham and Havering. Providing the opportunity for first-time buyers to secure an eco-friendly property, homes at L&Q at Beam Park have been designed to support residents to lower their eco-footprints and offer a more sustainable approach to living.

Outside of the capital, buyers can also claim the Black Friday incentive at L&Q at Huntley Wharf, in Reading. A collection of one- and two-bedroom Shared Ownership apartments and duplex apartments, L&Q customers will receive £1,500 towards buying costs on select one-bedroom homes. Within walking distance of Reading station, residents have access to London Paddington in just 25 minutes on the train. On the doorstep, homeowners will be able to enjoy the Riverside Square at Huntley Wharf, where proposals include a café, restaurant, local store, gym, nursery and landscaped open space.

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