An equity scheme, but not as you know it

Kings Hill is the stylish, smart and fashionable place to live near West Malling market town. The magnificent complex is one of the largest and most successful in Europe and more than £500 million has been invested to date in its creation.

If you live anywhere in the vicinity you will know if its popularity. Living on “Kings Hill” has certain kudos. It may also have been too expensive for you – but not any longer.

There are some advantages to a credit crunch and this is one of them! Hillreed Homes is one of the most prolific developers at Kings Hill, they created the homes that form the main entrance and are now on their 7th and 8th developments, McArthur Park and Greenway. They therefore know the market place and appreciate that Kings Hill is a place that people aspire to – but times, at the moment, are not easy. This is why they have come up with a superb plan effectively reducing the cost of their homes by 15% in the short term.

However, this is not a shared ownership scheme as you may know it where you do not own all of the property and have to pay rent on part of your home. This is something far better.

Basically the Helping Hand Scheme allows you to purchase at 15% less than the asking price. From the day of purchase the buyer owns 100% of the property, but has only paid for 85%. There is no rent to pay on the remaining 15%. In fact the owner has up to 10 years to “buy” the remaining 15%. “This gives buyers a superb opportunity to own a fabulous new house without the financial commitment during these rather trying times”, says Jo Richards, Marketing and Corporate Manager for Hillreed Homes.

So why is Kings Hill the place to live and invest?
Residents benefit from Liberty Square a hub providing 21 convenience retail and restaurant outlets. There is also an Asda supermarket, medical and community centres, David Lloyds Leisure Club, day nursery, two county primary schools and University conference and training centre. In addition there is the Spitfire public house a much loved meeting point for residents.

Kings Hill has a magnificent 18 hole PGA golf course and club house at its core which is complemented by wide open spaces, children’s play areas, a copse and sweeping wide roads with grass verges. It even has a brand new cricket pitch.

Houses are exciting with a clever combination of traditional exteriors to the very latest in exotic, breathtaking design. There are homes for all price ranges with properties ranging from apartments to detached mansions at over £1 million. This is what gives Kings Hill its status, a certain cachet than can only be realised by taking a visit.

Now you have an opportunity to be part of this exciting community.

Why not visit McArthur Park in Discovery Drive where you could own a two bedroomed terraced house with parking for just £182,707 under the Helping Hand Scheme. Actual price is £214,950.

A three bedroom semi detached house with garage has just been reduced from £286,950 to £249,950 and under the Scheme is available for purchase at £212,457.

“These remarkable savings would have been unheard of 6 months ago”, continues Jo. “As developers in the area for over 30 years we have sold homes throughout previous finance difficulties so appreciate that there is still a need for new homes and that people want to move for a variety of reasons. We feel that the buyer can this way completely own their home but have years to purchase the additional 15% and are not being penalised in any way by choosing this route to move ahead”.

McArthur Park
Prices start from £214,950 for two bedroom houses.
Prices start from £249,950 for three bedroom houses.
Take 15% off the above figures when buying under Helping Hand Scheme.

Greenway, Amber Lane,
Prices start from £249,950 for three bedroom houses.
Prices start from £399,950 for four bedroom houses.
Some properties are show homes and come with a number of extras including carpets, curtains, alarm, light fittings and turf.
There are a number of incentives at this site which can be tailored to your personal requirements.

More information on the Helping Hand Scheme, log on to hillreed.co.uk.