Putting homeownership within easier reach, those who reserve a new shared ownership home at selected developments between the 2nd - 31st January will receive up to £5,000 towards their buying costs, plus £1,000 in vouchers after moving in. The incentive maintains L&Q’s commitment to supporting new buyers; a goal that saw over 1,100 households helped onto the property ladder throughout 2023.
The New Year shared ownership incentive will be available across selected L&Q developments both in and outside of London, catering for buyers across a wide geographical area.
Shared ownership allows people to secure a new home with a lower deposit through buying a percentage share of a property and paying a reduced rent on the unowned portion. Prices for L&Q’s Shared Ownership homes start from just £65,000 for a 25% share, with deposits as low as £3,250. Already an affordable stepping stone to homeownership, L&Q’s New Year incentive will further ease initial costs for new purchasers, and provide support for them to kit out their new home once they have the keys.
Claire Brenlund, Sales and Marketing Director at L&Q, comments, “Our New Year campaign has been conceived to enable more people to turn the dream of buying a home into reality in 2024. Our incentives provide additional support to first-time buyers and those looking to secure a home through shared ownership.*”
“As one of the UK’s largest housing associations, we are pleased to be able to offer an incentive of up to £5,000* towards buying costs throughout January across many of our developments in London, Cambridge, Bedfordshire and Reading.”
Giving buyers a helping hand in East London, L&Q at The Silk District is an award-winning development made up of one and two bedroom apartments located just a few minutes from Whitechapel station. Residents benefit from an impressive array of on-site amenities rarely available at shared ownership developments – a residents’ cinema, private gym with high spec Technogym equipment and Peloton spin studio as well as communal gardens. For reservations made on one bedroom shared ownership apartments in January, purchasers will receive £5,000 towards their buying costs plus a £1,000 voucher after they’ve moved in.*
Set in the Royal Borough of Greenwich, Kidbrooke Village is a flourishing new community where L&Q is bringing a collection of one, two, three and four bedroom homes. With Kidbrooke Station conveniently located on the doorstep, the development offers fantastic transport connections, with journeys to London Bridge taking just 16 minutes, and Waterloo East in 19 minutes. Residents also enjoy an array of amenities on-site including a doctor, dentist, pharmacy, Sainsbury’s, Starbucks and farmer’s market. For January, shared ownership buyers can receive £1,500 towards buying costs on all available homes plus a £1,000 voucher after they’ve moved in.*
In Cambridge, L&Q is offering the chance to receive £1,000 towards your buying costs at two family-friendly new neighbourhoods, L&Q at Marleigh and L&Q at Darwin Green.* Ideally located to offer proximity to green spaces as well as easy access to the buzzing centre of the city, L&Q at Marleigh is a collection of two and three bedroom houses with apartments launching throughout 2024. Seamlessly combining a great location, speedy transport links and plenty of space, L&Q at Darwin Green comprises a collection of two bedroom apartments. At both developments, shared owners will have everything they need to move straight into their newbuild property, which will be complete with a fully inclusive specification throughout including integrated appliances.
To view L&Q’s full range of homes, including developments participating in the L&Q New Year campaign, visit lqhomes.com/offers.
*Incentive terms and conditions apply. Offer is available on selected shared ownership properties only. Voucher amount is based on the property type and development. The buying cost will be paid by way of deduction from monies due at completion of the purchase. For full terms and conditions visit lqhomes.com/offers. Subject to using a broker and solicitor from L&Q’s panel. *shared ownership terms and conditions apply. Prices start from £65,000 for a 25% of a 1 bedroom apartment at L&Q at Beam Park. Full market value of£260,000. Please visit lqhomes.com/shared-ownership for more information. December 2023.