Posted: 20 Sep 2017
#First Time Buyer #New Home
Find out how Ester was able to live in a central location through Shared Ownership
Over two-thirds of the UK’s workers lose up to 16 days a year commuting to and from work. This isn’t the case for Ester, a South London based lawyer who after purchasing a Shared Ownership home at The Wren, Oval Quarter, reduced her commute to just a 15-minute cycle.
“Having reached my thirties, and being settled in London, I decided it was time to get onto the property ladder. When I looked into Shared Ownership, I knew it was the choice for me; if it wasn’t for the scheme I wouldn’t have been able to buy in such a central location. It has made my commute much easier, bringing it down from 40 minutes using the train to just a 15-minute cycle”, Ester explained.
But it wasn’t just the shorter commute that has made Ester happy; Shared Ownership also enabled Ester to buy a quality property, suited to her needs. Ester explains: “The difference between what I could buy outright in London, compared to what I could achieve with Shared Ownership was staggering! If I was to purchase a home outright, it would have been an older property in an area which didn’t suit my needs. Shared Ownership enabled me to own a share of a high quality, new build that comes with considerably lower maintenance, situated in a great location.”
Ester also likes the fact that Shared Ownership is kinder to her bank balance than renting. “My total monthly costs (from Shared Ownership) are now cheaper than the rent I was paying previously. Having purchased a 35 per cent share, I am focusing on buying a larger share of the property and staircasing towards achieving full ownership in the future.”
The Wren is a collection of modern and stylish one and two-bedroom apartments ideally located in Oval, SW9. With Oval & Stockwell tube stations just a short walk away, The Wren is also ideally located for access to London’s extensive travel network.
One-bedroom apartments at The Wren are available with Shared Ownership from £157,500 for a 35% share, based on a full market value of £450,000. For more information please call 0300 555 2171 or visit bit.ly/SHOWren.
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