Hyde New Homes’ Copper Creek , located just a stone’s throw away from both the Cutty Sark DLR station and the Greenwich tube and DLR station, will be hosting a free mortgage event on Saturday November 26th, in a bid to provide expert information about shared ownership mortgages, while giving an overview of the market, affordability, eligibility and how to buy more shares of your shared ownership home, if you so wish.
Shared ownership mortgage adviser Censeo will be on hand to answer questions from buyers concerned about current mortgage rates and those unsure of what they can afford when it comes to home ownership.
Minnie Dando, Head of Marketing and Communications at Hyde New Homes believes that choosing shared ownership is a great way to get onto the London property ladder. She said: “With mortgage rates rising over recent months and the Help to Buy scheme coming to an end, it comes as little surprise that buyers are seeking alternative options to get onto the property ladder. And, with the average price of a home in this sought-after location reaching £666,429*, shared ownership is the more affordable option, thanks to a typically low deposit and affordable monthly payments.
“We have seven homes remaining at Copper Creek. Typically, a two-bedroom apartment at the development would be priced at £512,500. A 30% share would cost £153,750, and we are urging interested buyers to reserve a home here before they miss out.”
Good news for buyers, is that anyone reserving a home at the at the special mortgage event, will be able to do this at the cost of just £99 instead of the usual £500.
Minnie explains: “With a reservation fee of £99, combined with the choice of securing a brand-new home with just a 5% deposit, we are confident that this makes for a very affordable option for a great quality home in London.”
Copper Creek, situated in bustling Greenwich, boasts a selection of homes with far-reaching views across London. The development’s close proximity to ‘Good’ and ‘Outstanding’ OFSTED rated schools, shops and parks also makes it ideal for families, and helps contribute to its idyllic community feel. Each home benefits from the high specification that Hyde New Homes create as standard, including quality fitted flooring, a contemporary kitchen complete with integrated appliances and fitted white fabric blinds throughout. Each apartment also has a balcony, some of which boast panoramic city views.
Minnie added: “We are extremely proud of this wonderful development and will continue to help buyers achieve their homeownership dreams by providing as much support as possible. We hope the mortgage workshop will be beneficial to those seeking information and advice on this huge and sometimes daunting topic.”
The workshop will run from 10am to 4pm at the Copper Creek development. To book an appointment visit hydenewhomes.co.uk/copper-creek or call 0808 208 5136 or 07387 523 976.
