WHERE THE PERFECT WORLD CAN BE FOUND WITHIN UR NEW HOME
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Stretton Mansions, Millennium Quay, SE8 £1,500pcm 2 bedroom apartment in the Millennium Quay development. Property comprises open plan reception / appliance fitted kitchen, bathroom en-suite. Situated within walking distance to Greenwich market, Cutty Sark DLR and Greenwich mainline station.
Corbidge Court, Millennium Quay, SE8 £1,400pcm PROPERTY
Help for First Time Buyers by Valerie Breese
n ambitious new strategy to tackle the housing shortage, boost the economy, create jobs
and give people the opportunity to get on the housing ladder was announced at the end of 2011 by the Prime Minister and the Deputy Prime Minister. The Strategy will break the current
cycle in which lenders won’t lend, builders can’t build and buyers can’t buy. Making it easier for people to secure mortgages on new homes, help people get on the property ladder, address unfairness in social housing and ensure homes that have been left empty for years are lived in once again. At the heart of the strategy is a new
build indemnity scheme that will give a helping hand for up to 100,000 prospective buyers who are currently frozen out of the housing market because of the need for large deposits. Under the proposals, homebuyers will
be able to secure loans on newly built homes - the bedrock of the first time buyer market - with only a five per cent deposit. The Government and house builders will help provide security for the loan, so if the house is then sold for less than the outstanding mortgage total the lender will be able to recover its loss.
Assistance for people buying homes will be matched by support for the people who build them, from the largest house builder to people who want to build their own homes.
Affordable housing providers are in line to share almost £1.8bn cash to develop new affordable homes. The first £1bn worth of contracts under the Affordable Homes Programme have just been confirmed, putting the Government
46 l www.meridian-magazine.co.uk
on track to deliver up to 170,000 new affordable homes across the country over the next four years.
All these measures will be supported through the New Homes Bonus, which will ensure that those areas, which are growing have the resources to meet the needs of their new residents and existing communities.
First time buyers looking to get a foot on to the property ladder can take advantage of the Government-backed scheme FirstBuy at two of Berkeley’s premier developments - City Point, Kidbrooke Village, and The Warehouse No1 Street, Royal Arsenal Riverside. Under FirstBuy, Berkeley and the Homes and Communities Agency (HCA), provide a loan of up to 20 per cent of the cost of a new home or apartment. To qualify you must be a first time
buyer; able to secure a mortgage with an approved lender; have an annual household income of less than £60,000; and be able to pay a minimum of 5% of the cost of your new home as a deposit. Terms and conditions apply.* For more information visit: Kidbrooke Village - www.kidbrookevillage.co.uk/firstbuy
Tel: 020 8150 5151 Royal Arsenal Riverside - www.royalarsenalriverside.co.uk
Tel: 020 8331 7130. *Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent financial advice. www.firststepslondon.org
Top floor 2 bedroom apartment. Property comprises reception, appliance fitted kitchen, bathroom and en-suite shower room. The apartment also benefits from creek views, loft stoarage space, security entry phone system and off street parking. Situated within walking distance to Greenwich market, Cutty Sark DLR and Greenwich mainline station.
Greenfell Mansions, Millennium Quay, SE8 £1,200pcm
First floor 1 bedroom apartment in the private Millennium Quay waterside development. Property comprises reception, appliance fitted kitchen & bathroom. The apartment also benefits from a security entry phone system, off street parking and is situated within walking distance to Greenwich market, Cutty Sark DLR and Greenwich mainline station.
Listings Stretton Mansions, Millennium Quay, SE8 £1,700pcm
1st floor, 2 bedroom apartment with en-suite in the Millennium Quay development. Property comprises open plan reception/appliance fitted kitchen, bathroom en-suite, undergound parking & river views. Situated within walking distance to Greenwich market, Cutty Sark DLR and Greenwich mainline station.
Corbidge Court, Millennium Quay, SE8 £1,100pcm
1 bedroom ground floor furnished apartment in the popular Millennium Quay riverside development. Property comprises reception, high spec appliance, fitted kitchen and bathroom. Additional benefits include security entry phone system and parking. Close to Greenwich market, Cutty Sark DLR and Greenwich mainline station.
26 Corbidge Court, Glaisher Street, Millennium Quay, London SE8 3ES Tel: 020 8692 7000 Fax: 020 8692 7964 www.urtopia.com
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