Family and Friends Advantage scheme launches in Hackney

First-time buyers who know someone willing to help with the deposit on their first home – or those in a position to support someone close to them – will want to find out about the fantastic new Family and Friends Advantage scheme at Amhurst Corner, Taylor Wimpey’s brand new apartments development in Hackney.

This incredible investment opportunity offers friends or relatives providing a deposit up to 20% of the price of a selected brand new home at Amhurst Corner a guaranteed 5% return on their outlay every year for the next five years.

For example, a £41,990 deposit on a one-bedroom apartment, priced £209,950, would guarantee a return of £2,100 each year and a total of £10,500 over the five-year period – that’s a quarter of the overall investment amount!

With a selection of two and three-bedroom homes also available to choose from, prices at Amhurst Corner range up to £310,000, meaning returns on a 20% deposit can be as high as £15,500 over the five-year period.

Tony Woodman, Sales and Marketing Director for Taylor Wimpey North Thames, says: “Many first-time buyers are receiving help in finding the deposit needed to step onto the property ladder, whether from parents, grandparents or others who are close to them.

“Family and Friends advantage is an innovative scheme which offers these generous people a financial reward, and can work out better than having the money sitting in the bank.

“But because the scheme is only available on a limited selection of homes, we’re urging people to come along to Amhurst Corner now, to make sure they don’t miss out!”

A range of lenders is supporting the new Family and Friends Advantage scheme, and Halifax is offering an exclusive range of fixed and tracker mortgages with a loan to value of 80% for Taylor Wimpey customers using the incentive. This comes with an added financial benefit of refunding the valuation fee direct to the purchaser.

Plot 22 is a one-bedroom apartment and is the perfect choice for a first-time buyer seeking a well laid out home comprising a light and airy living/dining room with open-plan kitchen, a double bedroom and a bathroom off the private entrance hallway.

And, like all 36 private homes at Amhurst Corner, it will be finished to a high standard specification including fitted kitchen with a white freestanding fridge/freezer and integrated oven, hob and hood, central heating, white downlighters to selected rooms, chrome heated towel rails to the bathroom, plus traditional painted timber-framed windows.

Selected lower ground-floor plots will enjoy an outside patio area – a rare commodity in London’s property hotspots – while a limited number of upper floor apartments will feature private balconies. Parking spaces are available at the development, and can be purchased on a first-come, first-served basis.

Located at the junction of Amhurst Road and Shacklewell Lane, Hackney, Amhurst Corner benefits from excellent commuter links, with Hackney Central and Dalston Kingsland rail stations just a short distance away for connections to King’s Cross and Liverpool Street in less than 20 minutes, and the A10 for central London and Cambridge only half a mile from the development.

At the heart of the capital’s ongoing urban regeneration programme for the London 2012 Olympics, Hackney offers all the benefits of vibrant London ‘village’ living, with a host of high street and independent shops, fashionable boutiques, pubs, cafés and restaurants all within easy reach of home.

Only a stone’s throw away is the artistic hub of Hoxton, with its galleries, bars and clubs, while for entertainment lovers, the famous Hackney Empire is also close by.

To find out more about Family and Friends Advantage at Amhurst Corner, call 0845 026 5264 or visit the new showhome and Sales Centre, open Tuesday to Sunday from 10am to 5.30pm, and Monday from 10am to 2pm.