New homes at Equinox offer exceptional value for first time buyers
The Equinox development by Fairview New Homes on Perry Street, Crayford continues to sell exceptionally well. All two bedroom apartments at the development have been sold and the remaining one bedroom homes continue to attract interest from locals and those looking to move to Crayford for its easy and convenient commuter links. The success of the development in attracting, particularly first time buyers, lies in the relative value of the apartments and the range of incentives available to those looking to make their first move into the housing market.
Research shows that the apartments offer new buyers twice the space for their pound when compared with similar homes in the boroughs of Southwark, Greenwich, Elephant and Castle, Blackheath yet commuting from Crayford to London Bridge takes no more than half an hour.
For many first time buyers however it is the incentives offered by Fairview at Equinox that can help turn the dream of owning your own home into reality. The most potent of these incentives is the government’s NewBuy scheme and every apartment at Equinox is eligible for this scheme which entitles prospective buyers to reserve a new home with a deposit of only 5%.
NewBuy is designed to help overcome the deposit gap faced by many new homebuyers. It is aimed at both first-time buyers and those who already own a home, who only have funds for a 5-10% deposit. For buyers meeting their qualifying criteria, the lenders participating in the scheme will provide a 90-95% loan-to-value mortgage, which is guaranteed by the government. Equinox is one of the very first developments in the country to offer NewBuy funding through a “challenger” bank. Aldermore was set up following the banking crisis to offer an alternative to the large clearing banks and building societies and offers mortgages at Equinox of up to 95% LTV.
The one-bedroom apartments at Equinox are available from just £124,995, which through the NewBuy scheme, will mean that buyers will only need to find £6,250 for their deposit. In addition to the one bedroom apartments, there is just one final studio apartment at Equinox available at just £99,995.
Anyone wishing to view an apartment at Equinox can get further details fairview.co.uk.
