Case Study: COUPLE ESCAPE RENTING RUT WITH HELP TO BUY
Friday 8th July 2016
After renting in London for over 10 years, Adam Richardson and Maya Wittleton were desperate to take that first step onto the property ladder and buy a place of their own. With the help of Peabody and the government’s Help To Buy scheme, in January this year the couple realised their dream and purchased a one bedroom apartment at Carters Yard, Wandsworth.
Before moving to Wandsworth, Adam (34) a Metadata Executive at BBC Worldwide and Maya (34), a Deputy Head Teacher previously lived in East London. Adam explains their decision: “Nightlife and culture were important to us when renting in our 20’s; this changed when we reached our 30’s as we wanted a slight change of pace. We finally saved our deposit and started to look into buying. Our rental home in Bethnal Green was near a large Peabody estate with red brick buildings from around the late Victorian turn of the century. A knowledgeable friend, who is an architect, pointed it out to us and gave some background knowledge about Mr Peabody and the company. This kept Peabody at the forefront of our minds when searching for a Help to Buy property.”
On the 5th January 2016, Adam and Maya received the keys to their new £460,000 one bedroom apartment, having put down a 5% deposit of £60,000 and receiving a further £23,000 equity loan from the government. Maya says: “Help to Buy enabled us to buy a property with a better specification. We already had a reasonable deposit but without Help to Buy on top, we probably would have got a much smaller flat on the outskirts of London. Overall, Help to Buy allowed us to get a higher quality property, in a better location.”
Adam describes the main features that drew him and Maya to Carters Yard, “The location is great and there is a lot of promising redevelopment in the area”.
Adam and Maya’s apartment, along with many other homes at the development, is set around a private courtyard. In addition, with the couple’s one bedroom apartment located on the 6th floor, they benefit panoramic views over the City. All homes offer open plan living space, modern fitted kitchens and bathrooms, as well as a private terrace or balcony.
The development’s enviable SW18 postcode also offers a number of shops, restaurants and cafes, green open spaces and excellent transport links into central London. With both Adam and Maya having to commute to work in Chelsea and White City, transport routes were essential.
Adam comments, “East Putney underground is only a 10 minute walk away which serves the District Line, and Clapham Junction Station is only a few minutes away by bus. These transport links are vital for our daily commutes; door to door I can get to work in about 45 minutes and Maya gets to work via two buses in about half an hour. This was one of the main factors that influenced why we moved to Carters Yard from Bethnal Green as our travel time was so much longer going from East London to our offices in the West.”
Carters Yard is just moments from the Southside Shopping Centre, with Planet Organic, Waitrose, Topshop, Cineworld and a Virgin Active gym as well as restaurants and cafés to suit all tastes. The couple are just short walk to The Old York Road with its unique range of independent, artisan and high street brands. Westfield in Shepherd’s Bush and the attractions of the West End are also easily accessible.
Two bedroom apartments and three bedroom penthouses remain at Carters Yard with prices starting from £580,750. Please visit cartersyard-sw18.com or call 0207 354 7042 for further details.
6th January 2018
The London Home Show Spring 2018 takes place on Saturday 3rd March at the QEIIC, Westminster, 11am – 5pm. The event, supported by the Mayor of London, is the No.1 event for first time buyers in the capital.
20th December 2017
Tickets are now available for the London Home Show Spring 2018. The London Home Show is the no.1 event for first time buyers in London, and takes place on the 3rd March 2018 at the Queen Elizabeth II Centre Westminster. It's free to attend, register today to get your FREE tickets.
20th September 2017
Shared Ownership Week returns for its fifth year, 21st - 27th September. Shared Ownership week raises awareness this home ownership scheme which offers a life line to thousands of first time buyers.
19th September 2017
Countdown to the London Home Show Autumn 2017: Our sponsor Crest Nicholson give you the low down on their fantastic development Dylon Works, available via Help to Buy London.
FIRST STEPS is committed to the promotion of all types of accessible housing in London. We want to make the journey into your new home as simple as possible and to be sure that you know what to look for when searching for an affordable accessible home. All developments must be rated according to the type of accessibility they offer. That is why we have the following guide, based on the information provided in the Mayor of London's Accessible Housing Register, to help you understand what the rating of each property actually means.
A - Wheelchair Accessible Throughout
Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessibly. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.
B - Wheelchair Accessible essential rooms
Complies with the Wheelchair Housing Design Guidance within the Housing Corporation Scheme Development Standards. Properties designed of adapted to provide access for wheelchair users to essential facilities of the property (that is, a bedroom, bathroom, toilet, living room and kitchen). Other rooms in the house such as additional bedrooms or bathrooms may not be wheelchair accessible.
C - Lifetime Homes
Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.
D - Easy Access
Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.
E - Step Free
No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.
E+. Minimal steps
No published access design guidance. Properties that do not meet any accessibly housing design guidance and have a limited number of steps to enter the property. Properties in this category will have no more than four steps to access the front door and are likely to be ground floor properties or properties in a block with a lift and a small number of communal or property front door steps.
F - General Needs
General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.
The Accessible Housing Register captures the essential information which determines the category awarded to a property. Additional information is also collected. This includes:
- Details of major adaptations such as level access showers and stair lifts
- Private garden or balcony
- Proximity to local shops
- Proximity to public transport