Help to Buy Success Stories: Charlie
Fairview New Homes: Young professional begins next chapter at The Broadway
Charlie, a 27 year old IT consultant, was keen to escape the all-too-familiar rent trap facing many in London, and felt it was time to begin the next chapter of his life by taking his first step onto the property ladder. Charlie said: “I’d been renting in Central London for a couple of years with a group of friends but decided that it was time for me to move out and start looking around for my first home.”
Having researched the different kinds of homes available to him, Charlie decided that a new build home was the best choice: “I knew I didn’t have to worry about the state of the building when buying a new build.”
“As soon as I started looking, I found The Broadway and it just ticked all the boxes… I had found a brand-new place that I was able to move into quickly, and all I had to do was bring my belongings.”
Along with the fact that a new build development was exactly what he wanted, the great location and transport links drew Charlie to The Broadway. Charlie said: “All of my family and friends are based in North London, so it was important for me to stay close to them and live near the area I knew so well.
“My friends are a five minute drive away; my family are a 20 minute drive away and Cricklewood train station is a three minute walk down the road. I’m connected to everything that I could need living in London.”
In London, house-hunters can take advantage of the London Help to Buy scheme, where buyers can secure a home with a 5% deposit and a 55% mortgage. The remaining 40% is then paid off as an equity loan, which remains interest-free for the first five years.
Charlie used the government-backed scheme to purchase his home, which has put him in a better position financially. He said: “I wanted to buy a home on my own without having to put anyone else on the mortgage, and the scheme allowed me to do that… I am now putting money into my future instead of into someone else’s pocket.”
Charlie has been living in his two bedroom apartment for three months and couldn’t be happier with his choice to buy new with Fairview. He said: “You hear a lot of horror stories when people are buying a house, and everyone kept asking me if I was stressed out by the whole process, but I just wasn’t.”
“I didn’t experience anything negative and it was as smooth as you’d hope it would be. The Fairview sales team were really supportive, and everything lined up so quickly and easily.”
“I realised that I’ve worked really hard to become a homeowner, and now I have something that I can build on for the future and really enjoy.”
For more information about these final properties at The Broadway, call 020 3813 3895 or visit fairview.co.uk.
Help to Buy is a government backed scheme which aims to help first time buyers get a foot onto the property ladder. The Help to Buy equity loan enables purchasers to buy a new build home with the help of an equity loan, also known as shared equity.
Please note that the Help to Buy: Equity Loan is subject to eligibility, terms and conditions. For further information about the home-buying and application process with the Help to Buy: Equity Loan, please refer to the Help to Buy Agent in your area.
Share to Buy is a one stop shop for first time buyers looking to get a foot on the property ladder. Start planning your future today and check out our available properties, or visit our helpful FAQs and guides to find out more about Shared Ownership. You can also hear from more buyers via our Shared Ownership Success Stories and Help to Buy Success Stories!