New research claims a million more young people are likely to find themselves living with their parents over the next decade – with affordability of housing the suggested main reason.
According to a study by insurance company Aviva, a forecasted 3.8 million people aged between 21-34 will be living at home by 2025 – that’s a third more than at the moment.
However, there is hope for many buyers – thanks to the Help to Buy equity loan scheme for properties under £600,000. The equity loan scheme means that you can borrow up to 20% from the Government towards your new home and you only need pay a 5% deposit. You won’t need to pay anything on the 20% loan for five years.
Linden Homes’ Empire Court in Borehamwood currently has a selection of one and two bedroom apartments available under the Help to Buy scheme. Every apartment benefits from allocated parking and balcony-some of which overlook a central green. Prices for a one bedroom apartment start at £285,000.
Another element which may attract you to Empire Court is the advantages of buying a brand new property. Every apartment has a ten year NHBC warranty and benefits from a high specification. What’s more, you could even personalise your new home from a selection of kitchens, tiling and other options- all it needs is you!
Simon Pendlebury is the sales and marketing director at Linden Homes Chiltern:
“If you’re considering a house move or a first time home purchase, then you may well be weighing up the pros and cons of buying a new build property.
“Alongside the great design of our apartments, you also have the reassurance that your new home is energy efficient and secure: the heating, windows and power sources for all new homes have to meet extremely stringent standards. It’s estimated that a new build home is six times more energy efficient than an older home – meaning you could make substantial savings on your energy bills.”
Empire Court is superbly located for reaching the City and beyond- just twelve miles from the centre of London and with Elstree and Borehamwood train station just a mile away.
For more details of Linden Homes’ Empire Court apartments in Borehamwood please call 02080 039 690. You can visit in person: the sales and marketing suite on site is open seven days a week from 10am to 5pm.
Media can contact Emma Cox or Kelly Ward at Remarkable Content on 01962 893893 for more information, images and interviews with Linden Homes.
26 July 2016