Try before you buy at Factory Quarter
Genesishomes is pleased to announce that Rent to HomeBuy is now available at Factory Quarter to people who live or work in Hammersmith and Fulham.
Rent to HomeBuy allows you to try a shared ownership home before you buy it – you rent the home for a set period at a discounted rent, so you can make sure the home and the scheme are right for you while saving for your deposit.
When you’ve got your deposit, you can then apply to buy, under the Shared Ownership scheme. Rental is set from £870, compared to the average of £1,090 a month in a private rented apartment in the same area. The saving of just over £200 a month will allow tenants to save for a deposit towards purchasing their apartment!
The collection of one- and two-bedroom apartments at Factory Quarter are set around landscaped grounds which include a children’s play area. Kitchens are equipped with integrated stainless steel electric oven, hob, extractor hood, fridge / freezer, washer / dryer and dishwasher. Selected apartments have an ensuite shower room while all bathrooms feature over-bath showers with glazed glass bath screen, ceramic white tiling and an electric heated chrome towel rail.
All apartments feature contemporary vinyl flooring to kitchen and bathroom areas, and laminate flooring to bedrooms, living areas and halls. There are video door entry systems, smoke alarm installation systems and BT telephone points in each master bedroom and living room. Selected apartments also come with a balcony.
Factory Quarter is in a fantastic location for residents to benefit from green, open space and there are a variety of local traders and family businesses which have been established for several generations in Chiswick and Turnham Green. The local area provides numerous excellent bars, cafes and restaurants while fitness enthusiasts can take advantage of one of the eight nearby health and fitness clubs.
The new Westfield shopping centre is a short journey away and includes a wide selection of shops from Prada, Jimmy Choo and Mulberry to Marks and Spencer and House of Fraser, providing you with everything you need for your new apartment.
Factory Quarter is located on Larden Road, less than a mile from Turnham Green Tube station which offers services to Richmond, Westminster and Heathrow in less than forty minutes. The potential Crossrail line at Acton station, a short walk away, will provide fast and frequent services to Maidenhead in the east and Shenfield in the west.
To be eligible for Rent to HomeBuy at Factory Quarter you must live and/or work in the borough of Hammersmith and Fulham. And just like Gensishomes’ Shared Ownership scheme, your total household income must be less than £60,000 per annum, you can’t own a home already and be unable to buy outright on the open market. You must be able to demonstrate you can afford to pay the set rent as well as other financial commitments on a monthly basis, and that you will be able to do so in the event that you take a mortgage out in the future.
If you wish to proceed with a Rent to HomeBuy unit, you will need to provide a holding fee of £250.00, plus an administration fee of £125.00 per person, to be named on the tenancy agreement
Prices start from as little as £870 at Factory Quarter. For more information: genesishomes.org.uk
