For a limited time only, London Help to Buy has returned to Acton Gardens in Acton, W3, a joint venture between Countryside and L&Q. The Government scheme helps home hunters get on or step up the property ladder. With monthly mortgage payments of £762 for a one-bedroom apartment, residents at Acton Gardens can save over £500 a month, in comparison to the average rent costs for a similar property in the area. Owners of a two-bedroom home can also make savings of over £580 a month by opting to buy, with monthly mortgage costs of £944. Significantly cheaper than renting in Acton, purchasers keen to gain the security and stability of home ownership, should look no further than Acton Gardens.
Through London Help to Buy, property purchasers in London can access a Government equity loan of up to 40% of their property’s value. The scheme is available for new build properties up to £600,000 and it is open to all buyers, not just first timers. With a minimum of just 5% deposit payable, the buyer only needs to get a mortgage for the remaining amount, making mortgage repayments considerably more affordable.
Amanda Nesbitt, Associate Sales and Marketing Director at Countryside Partnerships South comments: “The London Help to Buy scheme is perfect for home hunters that would like to buy in the capital, but require a little additional support. When purchasing a one or two-bedroom apartment with the scheme at Acton Gardens, significant savings can be made in comparison to the cost of renting a similar property in the area. We have seen lots of interest from potential purchasers who have links to nearby Chiswick; perhaps they have been renting there for a long time, are seeking the stability of owning their own home, and have found they can get more for their money in Acton. There are only a limited number of homes available for purchase with London Help to Buy, so I recommend that potential purchasers register their interest as soon as possible.”
Acton Gardens is an ambitious £600m project by joint venture partners, Countryside and L&Q, creating 2,500 brand new homes. This placemaking scheme is forming a new community in Acton, designed to connect to surrounding neighbourhoods through a range of new walking routes. Green space plays a vital role within the development, with West Park in the latest phase, the first of many future parks planned. A central square will be at the heart of the community, offering a supermarket, shops, doctors, dentist surgery, nursery and youth club.
With excellent transport connections, Acton Gardens is located within a short walk of Acton Town underground station providing Piccadilly and District Line services into the West End and the City. It is also close to Acton main line station, which will benefit from becoming a station on the Crossrail line when it opens in 2019. Nearby Chiswick High Street offers an exciting range of designer boutiques, good pubs and restaurants, whilst the Westfield regional shopping centre at White City is only 20 minutes away by tube.