Wanting to buy your own corner of the city? Or, are you sick of the housemates and want a place to call ‘home’ but can’t see how it’s possible? Well, that’s where we come in. With a range of homes from one bedroom apartments to four bedroom townhouses available, right across London and beyond, we can help you to realise your dreams of becoming a home owner, or finding that perfect place to make memories in. With buying options including Shared Ownership and Help to Buy, we’ll be there to help you on your journey ‘home’.
Low deposit
Shared Ownership is a great way to step on the property ladder. By buying from just 25% of a home and up to 75% depending on what you can afford, you will need not only a smaller mortgage, but a smaller deposit too. The deposit required will be just 5 or 10% of the value of the share you buy, not the full market value. Put simply, if you buy a 25% share of a £400,000 home for £100,000, you will need a minimum of £5,000 as a deposit, (plus savings for other associated buying costs) and to get a mortgage for just £95,000.
What about the rest of the home I don’t buy?
Shared Ownership enables you to buy a home in stages, depending on what you can afford to purchase. On the remaining % of the home you don’t buy, you’ll pay a low-cost rent on back to Notting Hill Genesis; the more you own, the less rent you pay.
To find out more, check out our Shared Ownership pages
What’s more, you can buy more of the home at any time in the future, should you want to and when you can afford to do so. We’ll also help you to sell the home if and when the times comes for you to move on with our Resales service.
Help to Buy
Available on selected developments, London Help to Buy enables you to buy a new home with just a 5% deposit, 55% mortgage and a Government-backed equity loan of up to 40% of the value of the home.
Qualifying developments from Notting Hill Genesis offering scheme will feature the Help to Buy logo, and the home you intend to purchase cannot have a pricetag of more than £600,000.
The loan you borrow for up to 25 years, but what’s even better is that it’s interest free for the first five years. Interest is applicable from year six of ownership but for more information on how the scheme works, click here.
Incentives
We think our homes are pretty special at Notting Hill Genesis, and we want you to think so too, but on some developments or homes we’ll sometimes have some fantastic offers available that you won’t want to miss out on!
From your Stamp Duty (SDLT) paid, shopping vouchers to help you furnish your new home, to limited-time offers including lower reservation fees or money towards your legal costs, you’ll find the details listed on the development pages. But be quick, they won’t be around forever…