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Archive

The Wren - Shared Ownership Case Study

Posted: 17 Jan 2018

Category: General

Hashtags: #New Home   #Affordable Home   #First Time Buyer   

James & Rosie share their story of moving into our South London development.

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Shared Ownership is a fantastic way for first time buyers to get on the property ladder. James Grant, an Investment Portfolio Analyst, and Rosie Bolton, an Advertising Space Buyer, recently secured their new home at The Wren, SW9 using Shared Ownership.

 

James explains: “It was always an aspiration of ours to purchase a home in London, but it wasn’t until we found out about the Shared Ownership scheme that we realised we could actually afford to do so. We were delighted when we found The Wren, as it was open to all applicants, rather than just those living or working in the borough.”

 

James continues: “Shared Ownership has given us the opportunity to own the share of a property that we can afford. Our monthly costs, including rent, ground rent and mortgage only come to £1,300 which is the same amount we would expect to pay if we were to rent. If it wasn’t for the scheme, we would have been forced to rent in London, but now we have a tangible asset which is great.”

 

The development facilities and sense of community are also major draws at The Wren. James explains: “It is a large development and has a really inviting atmosphere. It’s great to have a lot of fellow young professionals around in the surrounding area, and there is a real community feel. There is green open space in the middle of the development, with a café and a community centre, along with some sports facilities, such as basketball courts.”

 

Are you looking for a modern home in Oval, SW9?

Southern Home Ownership is proud to present The Wren Building, an impressive selection of one and two bedroom apartments, available on a Shared Ownership basis.

Situated close to Central London and conveniently located a short walk away from a number of stations, The Wren Building features stunning views, top spec appliances and state of the art facilities. For more information on The Wren please contact us here.