Legal & General Affordable Homes: Get moving in time for Christmas
5% Deposit Boost scheme for Shared Ownership homes in London and Essex
Moving house can be exciting whether you’re a first time buyer, finding room to grow or just after a change of scenery outside your front door. However, sometimes, the many costs associated with buying a new home, along with saving up a deposit, can be daunting… if not downright discouraging!
But with Legal & General Affordable Homes’ 5% Deposit Boost scheme for their Shared Ownership homes in London, you could double your savings and get on the property ladder quicker than you thought possible.
A big advantage of Shared Ownership, a government-backed scheme, is you only pay a deposit for the share that you purchase. For example, if you save up for a 5% deposit, Legal & General Affordable Homes will top that up with another 5% and bring your total deposit up to 10%.
This Deposit Boost can help you move into your new home with a larger deposit than you might have planned, which means you’d need to borrow less from a lender.
Best of all, if you start the process now, you might be moved in for Christmas. Think of all the lovely deals you could bag with the money you saved – be it to furnish your new pad or get gifts for loved ones.
Here are our top picks of the homes available with the 5% Deposit Boost promotion:
Acer Apartments at White City is a collection of spectacular, contemporary studio and one bedroom homes, where you’ll get to experience the best of city living. You can enjoy all the culture that London has to offer along with the best shopping experience at Westfield while just being a stone’s throw away from Notting Hill, Holland Park and Kensington. Farmer’s markets at the weekend, films at Electric Cinema in the evenings and a creative kick from the famous Design Museum – while being super well-connected to everywhere else in London.
Prices start at £126,250 for a 25% minimum share.
The Moorings in Brentford features luxury two bedroom homes on the Grand Union Canal and is situated close to world-famous heritage parks such as Kew Gardens and Gunnersbury Park. The homes are close to the city but still have a unique and relaxing riverfront vibe. Each home comes with a private balcony, cycle storage and a kitchen full of modern appliances. There’s also a communal roof garden to enjoy the long summer days on. What’s more, you can get to Waterloo from Brentford Station within 30 minutes, and a drive to Heathrow is just as easy.
Prices start at £131,250 for a 25% minimum share.
If you prefer to keep the big city at a safe distance and want to get on the property ladder in a home located in the beautiful Essex countryside, Carter Meadows is the one for you. These modern and energy-efficient two, three and four bedroom houses in Latchingdon are full of natural light and equipped with all the gadgets of modern life. Peaceful and nestled amongst outstanding natural beauty, you’ll be just a short commute away from the town of Maldon and within easy reach of Chelmsford, Southend-on-Sea as well as London.
Prices start at £142,000 for a minimum 40% share.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home-buying schemes such as Shared Ownership via our article index.