Metropolitan's new range of homes could be perfect for those in London, the South-East and the East Midlands who aspire to home ownership.
Metropolitan are currently selling a selection of new homes available to own for less through Shared Ownership in villages in the Borough of Rushcliffe, south-east of Nottingham and as 2016 progresses will also be offering homes at a range of stunning new developments in Stevenage, Hertfordshire and in Aldgate East, and Brixton in London.
The housing provider, one of the country’s largest, is currently promoting new homes for sale at Lantern Lane and Meeting House Close in East Leake and Hollygate Park in Cotgrave, offering a range of two- and three-bedroom homes built for home buyers who would otherwise be priced out of home ownership by today’s rising house prices.
Stephen Williams, Metropolitan’s Sales Strategy Manager, explains:
“With Shared Ownership, first-time buyers can buy their first home more affordably, our customers only have to pay a deposit on the share that they buy rather than on the full market value, which keeps the cost of buying down, and their monthly costs are also kept lower than they would be if they were to buy the same home outright or rent it privately.”
Shared Ownership allows you to buy a percentage of the full market value of a property (usually between 25% and 75% of the full market value depending on what you can afford) and you pay a subsidised rent on the remainder. The rental element is index-linked – which means it rises predictably in line with inflation. If you can afford to, you can increase the share that you own to the point where you own the home outright. It’s a way of buying a home without financially over-stretching yourself.
Metropolitan’s new homes in East Leake and Cotgrave are already generating plenty of interest, the Rushcliffe villages provide a perfect setting, offering a relaxed, semi-rural location for living within easy reach of major regional towns and cities in Nottingham, Loughborough and Leicester.
Metropolitan’s programme of new homes in London and the South-East is growing fast, with a range of one, two and three bedroom apartments on offer. At Aldgate Place, which launches in the Spring, Metropolitan’s new Barratt-built Shared Ownership homes offer an opportunity to buy a stylish, modern apartment just a short walk from the City and the River Thames. Later in the year, Metropolitan’s Barrington Lodge apartments launch. Nestled in a quiet, residential corner of Brixton and just a five minute walk from the famous O2 Academy and the buzz of central Brixton, Metropolitan are revitalising the local area with striking new apartments offering over 80 Shared Ownership homes at Barrington Lodge.
In Stevenage, Metropolitan are developing over 140 apartments, including some for private sale, as part of a project transforming the former Fujitsu building, Six Hills House. The development offers great affordability for Londonders and to Hertfordshire residents looking to get onto the property ladder, as well as easy access to Stevenage’s characterful Old Town and a speedy commute into central London (just twenty-six minutes from the front door to King’s Cross).
Stephen Williams elaborates:
“Our new homes being developed in London and the South-East will provide much needed affordable options to own where the housing crisis is at its most acute and so many people are priced out. We’re building in both established hot-spots and in up and coming areas, meaning that our home buyers don’t just buy into a good quality, affordable home, they’re also buying into locations that have a lot to offer for a wide range of lifestyles.”
New homes developed for Metropolitan’s home owners come with a level of specification designed to give the new home owner everything they need in order to make the move into home ownership a smooth one, including fitted appliances in the kitchens, fully fitted bathrooms, carpeting, storage space, car parking or bike storage and a NHBC warranty.
To find out more about Metropolitan’s new homes, get in touch with the Sales team on 020 3535 2555 or by email to email@example.com.