27/09/2014
We are pleased to inform you that there are several other site available in London. These are as follows:
75 Bayham Street NW1 0AA
Five new build 3 bedroom flats at £365,400 each
Dukes Avenue, Muswell Hill N10 2PS
Three new build 3 bedroom houses at £295,092 each
Grafton Road, Camden NW5 4BA
Six new build 3 bed apartments around an internal courtyard at £365,400 each
Springdale Mews, Stoke Newington N16 9NR
Four new build 3 bed mews houses at £301,500 each
The way it works
As you may be aware Home Work Play is a non-profit social enterprise dedicated to finding affordable housing to first-time buyers in London. There is an auction on Wednesday 1st October for the above sites. The way it works is first-time buyers like you join forces to purchase the land and construction of your home, which is design by Peter Morris Architects. Most of the properties are atleast 50% below the market value. How do we do this? It is simple - we cut out the middle man, by elimainating the developers profit. See this movie: http://www.youtube.com/watch?v=_2EBe90NpMs As a collective your money goes further, giving you greater buying power. Once you agree your mortgage it will be paid into a joint bank account with the other members, so no money will be removed without everyones approval.
Help for Home Buyers
If you are struggling to save for a deposit the government is providing an equity loan scheme for those who aspire to own a new build home and have at least a 5% deposit.
Government Help
The government will provide an equity loan worth up to 20% of the value of a new build home, interest free for the first 5 years, which can be repaid at any time or when the home is sold significantly widen the eligibility criteria for equity loans to ensure as many people as possible are able to benefit. The maximum home value will be £600,000 and there will be no income cap constraint ensure that the scheme is open not only to first time buyers but also to all those looking to move up the housing ladder.
Self Build Mortgages
Looking for a self-build mortgage? If you are keen to build your own dream home, then a conventional mortgage will not serve your needs. Instead, you will need to apply for one of the specialist self-build mortgages offered by certain lenders. Click on the link below:
http://www.moneysupermarket.com/mortgages/self-build/
Deadline
Finance must be agreed by 30.09.2014, so we don't have much time to be ready for auction dated 01.10.2014.
Please do not hesitate to contact me if you have any further questions.
I will keep you posted of all new opportunities.
London is suffering from a Housing affordability crisis. Home Work Play is a non-profit making crowdfunding social enterprise collective of Architects, Solic...
