London Home Show Sponsors: Meet Peabody New Homes
Peabody New Homes help first time buyers with low deposit through Shared Ownership
Peabody have a proud legacy of helping generations of residents find their place in thriving neighbourhoods and communities. They know how difficult it can be to take your first step on the property ladder. The cost of rent combined with the cost of living can make saving for your own home feel impossible. But it doesn’t have to be that way: with Peabody New Homes’ range of Shared Ownership apartments, you can take your first steps onto the property ladder with deposits from as little as £6,813*.
How can I buy a home with a low deposit?
Buying a home with a lower deposit than when buying on the open market is made possible by Shared Ownership. This part-buy part-rent scheme allows people with little savings to become homeowners. Through Shared Ownership, you only need to put down a deposit based on the share you buy – typically between 25%-75% of the property’s full value – which can be significantly more achievable.
Shared Ownership allows people to purchase a home in very expensive cities such as London
Ben had always wanted to live in Oval in central London and step onto the property ladder. These two projects seemed difficult to reconcile but that was before he found out about Shared Ownership. The scheme allows people to live in prime locations, such as close to central London, while investing for their future. Ben was able to buy a 25% share of a one bedroom home at Peabody New Homes’ development, Zone at Oval Village.
He comments: “Before seeing Zone, I hadn’t heard of Shared Ownership, so I did some research and realised that this was a brilliant way for me to get onto the property ladder. I put down a 5% deposit, which was just under £8,000 – a lot lower than I had assumed would be possible in this location – and my mortgage payments are £981 per month.”
Blending a Zone 1 location, onsite amenities, and beautifully designed interiors, Zone at Oval Village is the perfect place to embrace the city’s cosmopolitan charm.
Discover Zone at Oval Village, SE11 – Deposits from £6,813*
Shared Ownership is a great option for single buyers, couples and families
You can follow in Ekta’s footsteps by taking advantage of the London Home Show to learn more about Shared Ownership. She bought a 25% share of a two-bedroom apartment for £200,000 at Peabody New Homes’ development, New Mansion Square in Battersea.
She explains: “The London Home Show was just what I needed as a first-time buyer. This is how I found Peabody New Homes. I had a long tick list of requirements and amazingly New Mansion Square ticked all the boxes!”
Battersea needs little introduction thanks to its iconic and recently reimagined Power Station; set just moments from the London landmark, New Mansion Square provides an achievable way for buyers to enjoy this exciting neighbourhood.
Discover New Mansion Square, SW8 – Deposits from £14,125*
Peabody New Homes at the London Home Show
Peabody New Homes will attend one of the Ask The Expert sessions during the London Home Show to answer any questions first time buyers might have. Additionally, they’ll be holding an educational seminar about Shared Ownership to help simplify it for those new to this buying scheme.
To learn about the journey to buying your first home through Shared Ownership in London and the Home Counties, visit Peabody New Homes in the Britten Room at the London Home Show on April 13th 2024 or visit their website to find your place: https://www.peabodynewhomes.co.uk/
Peabody New Homes. More than just a place to live.
*5% deposit of a one bedroom apartment at Zone at Oval Village available for £136,250, 25% share of full market value: £545,000. Deposits subject to availability of selected Shared Ownership homes at developments. See development details and webpages for further T&Cs for more information. Figures accurate as of February 18th 2024.
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.