Clambering onto London’s property ladder is a notoriously difficult feat.
But it’s one that has been made much easier by the London Help to Buy scheme* – a scheme that’s now available at Linden Homes’ new development ‘Elmbank’.
Elmbank, which is in the village of Arkley in Barnet, has a selection of one and two bedroom apartments that have been released to off plan due to demand. Since being released, phase 1 of this development is already 50% sold.
Once it’s complete, the development will consist of one and two bedroom apartments and three, four and five bedroom houses – all finished with sleek designer kitchens and beautifully appointed bathrooms.
Conveniently located, and in a village setting, Elmbank is just over a mile from New Barnet station, just over two miles from Hadley Wood station and just under two and half miles from Oakleigh Park station with excellent links to the A1 and M1.
The location is excellent, the homes beautifully designed and finished – and London Help to Buy – with a 40% loan and 5% deposit is available too.
Aileen Skerman, a first time buyer and Linden Homes’ customer, believes that without London Help to Buy, she and her partner would still be caught up in the Catch 22 situation that afflicts so many people attempting to buy their first home in London:
“The trouble with trying to get onto the London property ladder is that you get stuck in a cycle: You save money for a deposit, but every year the London house prices rise again – and they rise faster than your savings, so you can’t ever seem to save enough. And of course at the same time you are spending so much on rent every month because the cost of living in the Capital is so high.”
“So we couldn’t have bought our new Linden Home without London Help to Buy: We went from a two bedroom rented flat (the second bedroom was very small) to a brand new, spacious and beautifully finished one bedroom Linden Homes’ apartment in the same area of London - and yet now we are better off because our mortgage payments are a third cheaper every month than our rent was.”
Simon Pendlebury, sales and marketing director at Linden Homes Chiltern comments:
“Sometimes people can be a little nervous at the prospect of buying a new property off plan but there are considerable advantages in doing it.
“In the first place, in a London development like Elmbank, you have a beautiful location that is just ten miles north of Charing Cross – the homes here are going to be in high demand, so it’s a good idea to reserve early. You can pick your plot and we will keep you up to date with the build schedule. Some customers really appreciate seeing their new home at different stages of construction. You also get to choose some of the finishes, if you reserve early enough.”
To find out more about the apartments available now at Elmbank, for details of Help to Buy London or to register your interest in the development please call 02038 116 643
*scheme rules apply
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