Key Worker Deposit Contribution Scheme Available Across London Developments
Posted 17 November 2021 by
Helen ChristieBarratt London’s Key Worker Deposit Contribution is a scheme designed to help key workers get on the property ladder.
Key workers will be entitled to receive a deposit contribution towards the overall purchase price of the property of £750 for every £25,000 spent, up to a maximum contribution of £15,000.
The key workers included in this offer are:
- NHS
- Education
- Police Force
- Fire Service
- Ministry of Defence
- Environmental Service
- Highways England
- Probation Service
- Local Authority
- Prison Service
This offer is available across selected homes at all Barratt London schemes, here are a few of the available developments across London.
No. 10 Watkin Road in Wembley
No. 10 Watkin Road is a collection of 229 one- and two-bedroom apartments, rising to 23 storeys in the centre of Wembley. This area is known for its cultural attractions, fast links to central London, world-class education and open green spaces making it the ideal place to make your first home. Boxpark restaurants and London Designer Shopping Outlet is on your doorstep. Scenic walks, woods and water sports in nearby Fryent Country Park and Welsh Harp Reservoir.
Prices at the development start from £429,000. Apartments will be ready to move into from early 2022, and as well as the Key Worker Deposit Contribution scheme, London Help to Buy is also available.
New Mill Quarter in Sutton
Offering a total of 440 new homes, including one- and two-bedroom apartments and three-bedroom houses, New Mill Quarter in South West London is an ideal location for first-time buyers and growing families. The development has direct links to London Victoria in under 30 minutes thanks to Hackbridge Station which is adjacent to the development. Each property will have private outdoor space, as well as the development benefiting from landscaped gardens and a family play area on site.
London Help to Buy is available at the development, as well as the Key Worker Deposit Contribution Scheme. Prices at New Mill Quarter range from £314,995 to £655,995.
New Market Place in East Ham
New Market Place is a collection of 277 new homes in the heart of East London, situated just off a thriving high street. East Ham underground station is just a short walk away, offering residents great transport links into the city, and a new Crossrail station at nearby Manor park will also offer fast connections across London. Each home at the development includes private outdoor space, as well as communal landscaped gardens and a rooftop terrace.
Prices at the development range from £276,995 to £437,995, with the Key Worker Deposit Contribution scheme available on selected properties, and homes will be available to move into from spring 2022.
View more developments currently available from Barratt London