NewBuy could be the way to find a perfect Berkeley Homes property in London

Date:

Friday 17th August 2012

Author:



An artist's impression of Marine Wharf in Surrey Quays

Open to first-time buyers and homeowners, the government-backed NewBuy purchase assistance scheme has started to gain momentum since its launch in the spring and hundreds of homebuyers have signed up to buy a new-build property with a NewBuy mortgage. One of the scheme's most prominent advocates in London is award-winning developer Berkeley Homes, which is offering it at a number of its current developments in the capital.

NewBuy offers creditworthy property seekers access to mortgages that require as little as 5% as a deposit. It is available on new homes valued up to £500,000 from housebuilders and developers that have signed up to the scheme. Buyers must be purchasing a main residence (not an investment property) and be a UK citizen or have indefinite leave to remain in this country.

Paul Vallone, Managing Director of Berkeley (Urban Renaissance), says: "NewBuy has presented an exciting opportunity to help purchasers get on the property ladder and buy an affordable, new-build home with only a small deposit of just 5%. At Berkeley, we are offering the scheme on three prestigious developments, which are all in highly sought-after locations in London and in particular, Royal Arsenal Riverside and Marine Wharf both offer flexible living accommodation, while the homes at Kidbrooke Village provide much-needed, ample storage space. The properties are also covered by a ten-year new home warranty and two years of exceptional aftercare from Berkeley."

Kidbrooke Village in southeast London will provide some 4,000 new homes over the coming years to replace a run-down estate with eye-catching, high-specification new homes, commercial and retail premises and a new transport hub. Prices for one-bedroom apartments at the almost-complete first phase of this award-winning development start at £200,000.

Another well-establish Berkeley scheme has been taking shape in Woolwich. Royal Arsenal Riverside is another major regeneration project, this time on the site of the famous munitions factory, with over half the projected 4,000 homes already built along with a gastro-pub, supermarket, pharmacy, gym and well-being centre. The current availability includes one-bedroom apartments priced from £252,500.

One of Berkeley's newest schemes is Marine Wharf in Surrey Quays, which will comprise over 450 new homes alongside shops, restaurants, a supermarket, park and community facilities. The first phase to be launched will be Sirius House, which will have a range of one-, two- and three-bedroom apartments and penthouses. The first two-bedroom properties are priced from £400,000.

New Homes by Berkeley Homes

Ebury Square
NOW AVAILABLE from £1,950,000
In the heart of Belgravia, London's most prestigious village neighbourhood, lies Ebury Square - a development of one to five bed private residences,...
Bersted Park
NOW AVAILABLE from £215,000
The new homes at Bersted Park, West Sussex, are set within some of the South East's most stunning countryside. Here you'll find leafy woodland walks...
Vista, Chelsea Bridge
NOW AVAILABLE from £820,000
Introducing Vista, a brand new collection of luxurious 1, 2 and 3 bedroom apartments and penthouses boasting exemplar specification and unique...
Edenbrook
NOW AVAILABLE from £750,000
Edenbrook in Fleet is a beautiful collection of contemporary 2,3,4 and 5 bedroom new homes. Set on the edge of a stunning 82 acre Country Park,...
Oakgrove
NOW AVAILABLE from £525,000
Situated in charming Caterham on the Hill, Oakgrove is set within its own parkland, and combines the pleasures of both town and country life - all...
Roman House
NOW AVAILABLE from £4,250,000
Roman House represents a unique new opportunity; the chance to acquire a luxury apartment in the very heart of the City of London, undisputed leader...
Ryewood
NOW AVAILABLE from £316,950
An attractive collection of houses and apartments, situated adjacent to the peaceful Sevenoaks Wildlife Reserve in the rolling Kent countryside, yet...
Imperial Square
NOW AVAILABLE from £495,000
An exquisite collection of gated 2 and 3 bedroom apartments and 3 and 4 bedroom homes carefully designed to exude the finest of Berkeley quality...
The Avenue
NOW AVAILABLE from £695,000
Distinguished by its heritage architecture, choice of properties and landscaped setting rich in mature trees, The Avenue promises an exclusive...
St. Joseph's Gate
NOW AVAILABLE from £915,000
An exclusive opportunity to live in a truly unique location; a collection of highly distinctive 2, 3 and 4 bedroom new and refurbished apartments set...
One Tower Bridge
NOW AVAILABLE from £3,360,000
One Tower Bridge is situated on one of the last great riverside sites in London. Just moments from the City it offers the ultimate in 5-star luxury...
Sandlands Park
NOW AVAILABLE from £950,000
Welcome to Sandlands Park; an exquisitely crafted collection of just thirteen luxury 2, 3, 4 and 5 bedroom detached new homes, set in a gated...