Bank of Mum and Dad invest at Catford Green

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The Times interviews Catford Green’s newest homeowners.  

Parents Stuart and Sian Nicholls were featured in an interview with The Times property correspondent, Robin Ash, after buying a new home for their 18-year old son, Maximillian, at Barratt London’s Catford Green development.

Maximillian is studying dentistry at Kings College London, and his parents were not only looking to buy a place for him to stay while studying, but also a long-term investment. Stuart and Sian purchased the two-bedroom flat at Catford Green after taking advantage of the new pension rules. The change in rules meant they could get a lump sum, allowing them to purchase the flat with no mortgage.

Sian commented: “If your child is doing a lengthy degree course then it make sense to invest in a property that will serve them for four to six years. The location is perfect for Maximillian as he is based at two different locations, London Bridge and Denmark Hill. Catford Green provides fantastic transport links in both directions so he will be able to get to classes with ease.”
Sian and Stuart plan to keep the second room free so that their other children can make use of the apartment too.

Just 11 minutes from London Bridge and 20 minutes from Charing Cross, Catford Green is an outstanding collection of 588 stylish one, two and three-bedroom apartments opening on to the 54 acres of Ladywell Fields. Catford forms a major part of the multi-million pound Mayor's London Plan regeneration project. This south London district, which lies eight miles southeast of central London, is set to become a vibrant new area to live, shop and relax in. From new homes, community facilities and open spaces, to a redeveloped shopping centre and newly pedestrianised Broadway, here you can be part of a rejuvenated community.

Follow the link to read the full How to be the Bank of Mum and Dad on thetimes.co.uk. Please note that this article may be available for registered users only.