London Home Show Sponsors: Peabody New Homes
Single, couples and families – find your dream home with Shared Ownership
In today’s challenging property market, many aspiring homeowners find themselves priced out of traditional home-buying options. However, Shared Ownership schemes are opening doors for a diverse range of buyers, from singles to couples and growing families. Discover how Peabody New Homes can help you find the perfect high-quality new-build home for your requirements without compromising on location.
Individual buyers can find their home in buzzing areas
For individual buyers, Shared Ownership offers an opportunity to invest in their future without the need for an exorbitant salary or savings. This government-backed scheme allows you to purchase a share of a property (typically between 25% and 75%) while paying rent on the remaining portion. This option requires a smaller deposit, making it easier for people to step onto the property ladder. It’s an excellent option for young professionals or those starting their careers, providing a stable home and the potential for equity growth.
Finding your dream home in a location that fits your lifestyle can be a real challenge, especially in London. Peabody New Homes has a range of Shared Ownership homes available across different locations, including lively areas in Zone 1.
Olivia, who bought a one bedroom, one bathroom home at our New Mansion Square development in Battersea comments:
“There are so many amenities on my doorstep. It’s great to be able to walk across the road to the bars, restaurants, and shops at Battersea Power Station. On my lunch break, I can walk in the park with my friends and there are lots of little coffee shops around, such as Over Under Coffee. My grandmother came to visit from Edinburgh and she was really surprised by the community here and how vibrant Battersea is.”
If Shared Ownership is a great option for individual buyers, it also works for couples. Olivia explains: “Although I bought the apartment on my own, my partner stays often and there is never any issue with overcrowding thanks to the large open-plan living, kitchen, and dining area.”
Families can settle down near greenery and good schools
For families with children, Shared Ownership can offer the stability and space needed in a family home, often in areas with good schools and amenities. The scheme allows families to put down roots in communities they might not afford through traditional buying methods.
Jack and Kerstin bought a 25% share of a three bedroom home at Powell Road in Lower Clapton. The couple needed a bigger space to accommodate for their new family life.
“When we moved into our previous home, it was just the two of us and we loved being in the midst of the bustling local area. Now, with a six month old and a two and a half year old, we were ready to leave behind the noise of buses trundling along and ambulances whizzing by. Our focus now is on greenery and good schools, as well as a convenient commute.”
When trying to step onto the property ladder in expensive cities like London, prospective buyers often have to compromise on space. Jack explains: “We had never imagined we could get so much for our money, particularly in such a great neighbourhood. That was really special for us – realising that we could gain so much in quality-of-life terms. The size and quality of the property were just superb.”
Buying a Shared Ownership home with Peabody New Homes also means benefiting from years of experience and expertise. Kerstin recalls how “supportive” the team was throughout the process. She adds: “It felt like a very personal service. We felt that everyone we spoke to was really rooting for us. There were very helpful and always on hand to answer our questions.”
Meet with Peabody New Homes at the London Home Show located at stand seven in the Britten Room. Discover our range of new-build and resale homes at peabodynewhomes.co.uk
To learn more about Shared Ownership and get all your questions answered, come to the London Home Show on September 28th. Peabody New Homes will participate in an Ask The Expert session, providing first time buyers with an opportunity to have their questions answered. They will also conduct an informative seminar on Shared Ownership, aimed at demystifying this purchasing option for newcomers.
Peabody New Homes. More than just a place to live.
Attend the London Home Show
Tickets for the London Home Show are free, but visitors must register in advance to attend. For more information, or to reserve your place at the capital’s no.1 first time buyer event, please visit the Eventbrite page.
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.