Secure South London Property with just £8,500 deposit
Taylor Wimpey is urging parents to ‘get rid of the kids’ by helping them on to the property ladder at its developments of new homes in Croydon and apartments for sale in Hackbridge.
Leading housebuilder Taylor Wimpey has the perfect solution for parents who are still providing a roof over the heads of their grown-up kids – help to secure their ideal apartments in South London.
With rising property prices and mortgage providers asking for hefty deposits – particularly with property for sale in South London – it’s no surprise that first-time buyers are finding they’re forced to stay in the family home because they can’t get a foothold on the property ladder.
Fortunately, Taylor Wimpey has introduced the fantastic FirstBuy scheme at its Aura development of apartments for sale in Croydon and its Centrale development of new homes in Hackbridge to help these overgrown offspring fly the nest.
With a limited number of homes at these two popular developments of new homes for sale in South London now available under the Government-backed initiative, parents could potentially get rid of the kids by providing a deposit of just £8,500*!
Fiona Creed, Regional Sales and Marketing Director for Taylor Wimpey, says: “Would-be homeowners are finding it increasingly difficult to take that all-important first step on the property ladder, with the average age of a first-time buyer now an all-time high at 37, and the average deposit required to secure a first home now well in excess of £60,000.
“It’s no surprise, then, that increasing numbers of people are choosing to enjoy those home comforts for longer – which may work out well for them, but isn’t necessarily as much fun for their parents!
“Thankfully with FirstBuy, qualifying purchasers could secure their dream apartment at Centrale or Aura for just 80% of the price tag – including a 5% deposit, subject to status – which may well be considered a price worth paying for parents looking to help their kids to strike out on their own.”
FirstBuy works through a joint loan of 20% from the Homes and Communities Agency (HCA) and Taylor Wimpey – which is repayable at the end of the 25-year mortgage term or when the property is sold. To be eligible, purchasers must be first-time buyers and their total household earnings should be less than £60,000.
For example, a stylish one-bedroom apartment at Aura, priced from £169,995, is available with FirstBuy for just 80% of its full price – that’s just £135,996!
These spacious homes, set in four and five-storey blocks, offer exclusive contemporary urban living, with open-plan kitchen/living rooms providing a superb space for relaxing and entertaining. Many two-bedroom plots benefit from en-suite master bedrooms in addition to a main bathroom, and attractive private balconies.
Meanwhile, gorgeous one-bedroom apartments at Centrale are priced from just £173,995, which means they can be accessed by qualifying first-time buyers with FirstBuy for just £139,996.
Centrale apartments feature an open-plan living/dining room with fitted kitchen, plus a well-proportioned master bedroom, a main bathroom and a handy storage closet located off the private internal entrance hallway. Selected plots boast attractive private balconies, while all enjoy access to a peaceful landscaped courtyard garden.
Commuters will appreciate the well-connected location of both developments, which boast a wide range of amenities on the doorstep and are within easy reach of central London. Hackbridge railway station, which lies in Zone 4, is less than 100 metres from Centrale, while Aura is just a short walk from East Croydon railway station.
For more information, visit taylorwimpey.co.uk.
