Northolt property that’s perfect for the kids
Taylor Wimpey’s NewBuy scheme can help the kids fly the nest and set up home at Canal View, Grand Union Village in Northolt.
Leading housebuilder Taylor Wimpey has the perfect solution for parents who are still providing a roof over the heads of their grown-up kids.
With rising property prices and mortgage providers asking for hefty deposits, it’s no surprise that first-time buyers are finding they’re forced to stay in the family home because they can’t get a foothold on the West London-property ladder.
Fortunately, Taylor Wimpey has introduced the Government-backed NewBuy 95% mortgage scheme at its Canal View development of new flats for sale in Northolt at Grand Union Village, to help these overgrown offspring fly the nest with just a 5% deposit.
With prices for the stylish one and two-bedroom apartments for sale in Northolt at this popular development starting at just £155,000, this means parents could potentially get rid of the kids by providing a deposit as little as £7,750!
Christine Scarborough, Regional Sales and Marketing Director for Taylor Wimpey, says: “Would-be homeowners are finding it increasingly difficult to take that all-important first step on the Northolt property ladder, with the average age of a first-time buyer now an all-time high at 37, and the average deposit required to secure a first home now well in excess of £60,000.
“It’s no surprise, then, that increasing numbers of people are choosing to enjoy those home comforts for longer – which may work out well for them, but isn’t necessarily as much fun for their parents!
“Thankfully, NewBuy makes it easier for credit-worthy purchasers to access 95% mortgages, which means they require only a 5% deposit – and this may well be considered a price worth paying for parents looking to help their kids to strike out on their own.”
There’s a fantastic selection of apartments available at Canal View, Grand Union Village, which are eligible for NewBuy, including one-bedroom designs from just £155,000 and two-bedroom plots from just £194,950.
The beautiful one-bedroom Plot 58 apartment, for example, is priced at £155,000 and features a contemporary open-plan kitchen/living/dining room opening through patio doors to a private balcony, plus a large bedroom, a main bathroom and a handy storage closet located off the internal entrance hallway.
Selected two-bedroom apartments boast en-suite facilities to master bedrooms, with many plots enjoying scenic views of the Grand Union Canal.
Grand Union Village is a desirable waterside community laid out in carefully planned ‘Home Zones’, which offer a tranquil haven from the hustle and bustle of city life.
Footpaths, bridges and cycleways afford the area a relaxed pace of life, while the new marina at Grand Union Village boasts a range of shops and places to eat.
Northolt and Greenford underground stations provide easy connections throughout the city, and residents of the development can also participate in a car-share club.
To take advantage of 95% mortgages at Canal View, Grand Union Village, visit taylorwimpey.co.uk.