After originally moving from South Africa and now creating a life in London, Andrew and Maxine began searching for a home to call their own.
However, with the UK currently facing a perfect storm of challenges including the cost-of-living crisis, high interest rates and inflation, it seemed that owning a home in the capital could be out of reach.
Faced with impossibly high prices, primary schoolteacher, Maxine and partner Andrew were starting to give up on the idea of owning a home.
However, having seen friends successfully purchase homes through shared ownership* schemes, they realised that the search for a beautiful new home wasn’t over.
“We watched so many of our friends find happiness in their first homes using shared ownership, they inspired us to explore the options available to us. I don’t know what we would have done if we didn’t find out about shared ownership,” said Maxine.
Sparkling new homes
Shared ownership allows buyers to purchase a share of a property, typically between 25% and 75% of a property’s total value.
You will pay a mortgage on the share of the home you’ve bought, rent to Guinness Homes on the remaining share and pay a monthly service charge.
Maxine added: “If it weren’t for shared ownership, we wouldn’t have been able to buy a property.”
Maxine and Andrew soon found their perfect home at Signal Park: a South London development by Guinness Homes. “As soon as we set our eyes upon Signal Park, we knew it was the one for us.
“As it’s recently been built, all the homes are sparkling new, with tonnes of storage and even a beautiful kitchen island and our own private balcony area.
The financial details
When purchasing a property outright, first-time buyers often face high deposits and mortgage repayments.
Fortunately, with Guinness Homes’ shared ownership scheme, Maxine and Andrew were able to put down a deposit that suited their budget.
The couple were able to purchase a 30% share of their home at Signal Park from Guinness Homes, situated in increasingly popular Tolworth.
“The team at Signal Park were so helpful – we’d recommend them to anyone. From the location to the style of the apartments to the affordability, we’re confident that we’ve made the right decision,” Maxine concluded.
Offering one-, two-, and three-bedroom shared ownership apartments, Signal Park is comprised of modern, spacious homes, finished to a high standard. With landscaped outdoor space and excellent transport links.
Find out more
Homes at Signal Park are ready to move in. Give the Signal Park team a call today on 0203 824 9500 or visit the Signal Park website www.signalpark.co.uk
* Shared Ownership – Terms and conditions apply. This scheme is subject to status and fitting criteria. Minimum and maximum share values will apply and rent is payable on the unsold share .
