Reap The Rewards Of Buying New In London

Published On : 05/10/2017

Taking place from 15^th May, the Home Builder’s Federation is running New Homes Week, working with many of the UK’s leading developers to highlight the advantages of buying new. One of the many benefits of new builds is, that unlike older properties, these homes are eligible under the Government backed London Help to Buy scheme. Award winning developer, Countryside, currently has new homes available under the scheme at East City Point in Canning Town, E16 and St Paul’s Square in Bow, E3. Home hunters can get on the ladder with mortgage costs starting from as little as £659 per month for a one bedroom apartment at East City Point, more than half the cost of renting in the area[1] and £817 per month at St Paul’s Square, saving purchasers over £500 a month in comparison to renting a similar property in the area[2].

Amanda Nesbitt, Associate Sales and Marketing Director at Countryside Partnerships South comments: “We are delighted to be a part of New Homes Week again this year, promoting the benefits of buying a brand new home. Not only are new builds vital in our attempt to tackle the housing shortage in the UK, purchasers can also save themselves money on bills as they are significantly cheaper to maintain than older homes, with better insulation and more efficient water and heating systems. There are lots of preconceptions about the cost of buying new, however our research suggests that the monthly mortgage payments on our homes at St Paul’s Square and East City Point are significantly cheaper than renting a similar property in the area.”

Countryside offers a range of deals to help its buyers on to, up and down the ladder, including the Government’s London Help to Buy equity loan, which provides movers with the chance to purchase with as little as a 5% deposit. Countryside also offers a ‘thank-you’ to family members who support their relatives to get on the property ladder. In appreciation of this huge act of generosity, on completion Countryside will gift £2,000 back to the parent or family member who provided funding towards the deposit.

All Countryside homes come with a 10-year NHBC warranty covering structural issues. In addition to this, Countryside also provides 24-hour emergency cover for heating, plumbing and electrical problems for the duration of the two-year initial guarantee period, meaning that buyers need not worry about paying out on unforeseen issues, which can be a major financial setback when buying an older property.

New build properties offer the perfect blank canvas to purchasers who wish to put their own stamp on their home. All Countryside properties boast an extensive range of fixtures, fittings and appliances as standard and always include new flooring throughout. In addition, unlike old properties, new homes have no upward chain, making the buying process less stressful, particularly for first time buyers who have no chain at all.

Ideal for those looking to buy new, Countryside’s East City Point in Canning Town and St Paul’s Square in Bow, boast all the benefits of new builds:

East City Point, Canning Town E16

Only two stops from Canary Wharf, London home hunters can reap the rewards of choosing new over old at East City Point, in the heart of a growing and thriving Canning Town. The area is currently benefiting from one of London’s most ambitious and regeneration projects, with a £3.7bn investment programme. The landmark Atrium Building at East City Point offers one and two bedroom apartments, featuring a communal roof terrace and indoor winter garden, perfect for soaking up panoramic views of London. Designed for contemporary living, each apartment features a spacious living space with floor to ceiling glass doors opening to a private balcony or terrace. Prices for a one bedroom apartment start from £355,000, with the London Help to Buy scheme available.

St Paul’s Square, Bow E3

Located in vibrant Bow, East London, St Paul’s Square offers a selection of one to four bedroom apartments, thoughtfully designed to maximise space and provide bright accommodation, perfectly suited to the practicalities of modern city living. Each apartment features its own terrace or balcony, many of which have views toward the City and Canary Wharf. The development is well placed to make the most of Bow’s excellent transport links, within easy walking distance of Mile End underground station and Devons Road DLR. Prices for a one bedroom apartment start from £440,000, with the London Help to Buy scheme available.

Uma Rajagopal

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.