MyChoice HomeBuy launches at Parkwest

St George is pleased to announce the launch of the MyChoice HomeBuy scheme at Parkwest, its latest development located in London’s Heathrow Quarter. The initiative, run in association with Catalyst Housing Group, is designed to make more new homes available to qualifying first-time buyers who are experiencing difficulty getting on the housing ladder.

Ian Dobie, Managing Director of award winning developer St George West London comments: “We are delighted to be able to launch this exciting new initiative which allows first-time buyers and key workers in London the opportunity to buy a contemporary and stylish property at Parkwest and enjoy all of the benefits that come with a St George home. It is no secret that first time buyers face an uphill struggle these days to get on to the property ladder, and initiatives like this make the situation much easier for them.

“In addition to owning their first property, residents will also be able benefit from all of the on site facilities; these include a 24 hour concierge, a cycle club, free membership of the car club, beautifully landscaped gardens and a fully equipped residents’ health and fitness centre!”

MyChoice HomeBuy enables aspiring first-time buyers who cannot otherwise afford to buy a home outright, to purchase a new home through an affordable mortgage with assistance from Catalyst. The scheme provides purchasers with up to 50% of the value of the property as an equity loan. The remainder would be funded through a conventional mortgage with a Financial Services Authority regulated lender, paying a low rate of 1.75% per annum on the equity loan. Eligible customers could therefore own 100% of a brand new home at Parkwest needing only to raise £94,950 for their mortgage and deposit.

Parkwest is in a superb location for commuters, students, and international travellers alike. The M4 and M25 are just a couple of miles away, as is Heathrow -The World’s Busiest Airport. Nearby Stockley Park is one of Europe’s largest commercial centres and houses companies such as Apple UK, BT, Cisco, Marks and Spencer, Sharp and Hasbro. For the more active there is also a Virgin Active Gym and an 18 hole golf course close by.

For further information on the development, log on to Park-west.co.uk/mychoice.