Offer includes up to £6,688 cashback on apartments at Kidbrooke Square and The View At Aspect in Croydon as well as other developments in London
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Housing association NHG Homes has unveiled a winter incentive with buyers able to claim up to £6,688 cashback on selected one and two-beds when purchasing a new apartment from the organisation.
Launched in the run-up to Christmas, the offer applies to shared ownership properties at a number of developments across London.
The money can be added to a buyer’s deposit, used to purchase a larger share of the property or go towards covering legal costs for the transaction.
Alternatively, buyers can choose to keep the cash on completion of the deal and use it in whatever way they wish including buying furniture or covering moving costs.
Naturally, terms and conditions apply and buyers must complete within timescales set by NHG Homes.
Any cashback is payable up to 28 days after completion.
To give readers an idea of the kind of home they might expect to buy with the incentive here are two of the housing association’s developments where the offer is available.
The View At Aspect
Located in Croydon and benefiting from the area’s extensive amenities, prices for a 25% share in a one-bed here start at £83,125.
NHG Homes says monthly costs for rent, mortgage and service charge start at £994 per month – around £400 less than renting a comparable property in the area – with buyers able to secure a home with a deposit of £4,157.
Prospective purchasers can expect properties featuring open-plan design, full height windows and bi-fold doors protecting private winter gardens that can be used all year round.
The scheme is located near East Croydon station which offers connections to Canary Wharf in about 20 minutes via national rail and the Jubilee line.
Those traveling further afield can get to Gatwick Airport in about 15 minutes. Wellesley Road tram stop is also nearby.
Locally, there are a wealth of restaurants, bars and attractions to explore including Boxpark, Wandle Park and concert venue Fairfield Halls.
Kidbrooke Square
This development in the Royal Borough Of Greenwich practically enjoys its own station, with platforms adjacent to its footprint.
The scheme offers a selection of residents’ facilities including a concierge service and a gym as well as landscaped communal gardens and on-site shops.
Offering one and two-bedroom pet friendly apartments, which all come with private balconies, prospective buyers can expect to pay from £1,028 per month to cover rent, mortgage and service charges.
NHG Homes says that equates to annual savings of about £6,864 compared with renting a similar property nearby.
Prices at the development start at £90,000 for a 25% share of a one-bed at the scheme, with buyers also enjoying access to the wider regeneration of the area just across the railway line.
This includes the wider open spaces of Cator Park, a pub and a collection of shops and amenities.
key details: shared ownership apartments from NHG Homes
Prices at The View At Aspect in Croydon start at £83,125 for a 25% share of a one-bedroom apartment based on a full market value of £332,500.
Prices at Kidbrooke Square in Greenwich start at £90,000 for a 25% share of a one-bedroom apartment based on a full market value of £360,000.
Find out more about the incentives here
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