Metropolitan has a large range of new homes to offer across a range of locations in London, the Home Counties and East Midlands.
Most of the homes we have for sale in this financial year will be available through Shared Ownership – the part buy, part rent option where buyers purchase a share in the value of the home that they can afford (between 25% and 75% of the value of the home) and pay us a subsidised rent on the remainder.
Shared Ownership brings down the costs of entering home ownership as buyers only have to raise a deposit on the share that they are buying (as opposed to on the full market value) and monthly housing costs for Shared Ownership are less than they would be for the same home being bought outright or being rented privately.
Help to Buy will be available on our private sale products – this offers a government funded equity loan towards the value of the home for buyers on properties valued at up to £600,000 (up to 40% of full market value in London, up to 20% outside of London) to help bridge the gap between buyers’ mortgage-ability and property values.
Here’s some of the new developments being offered by the marketing and sales team during the new financial year:
Clapham Park, Lambeth - launches this Spring, our 20 townhouses for private sale (five three-bedroom and fifteen five-bedroom houses) offer a high quality specification and will contribute to the regeneration of our flagship estate as it enters its next exciting phase.
Cavendish House, Merton – here we’ll be offering 45 one, two and three-bedroom apartments, just yards from Colliers Wood London Underground station.
Fellowlands Way, Chellaston – sited near to open countryside in Derby’s southern suburbs, we have 4 three-bedroom houses available at the time of writing. Prices start from £63,875 for a 35% share.
Kingston Banks, Costock Road, Rushcliffe – 19 Shared Ownership houses (nine two-bedroom houses, nine three-bedroom houses and a two-bedroom bungalow) at this David Wilson Homes development in East Leake,
New North Square, Redbridge – 15 Shared Ownership apartments (seven one-bedroom and eight two-bedroom apartments) at this flagship Taylor Wimpey development will be available from the autumn.
Times Square – an office conversion/ new development in Welwyn Garden City on the site of the former Xerox HQ. 349 Shared Ownership apartments and 116 private sale apartments are being delivered in total.