Hendon Waterside holds Help to Buy open day

Barratt London’s Hendon Waterside development hosts a Help to Buy open day, to help potential customers understand how the government-initiative can help them.

Barratt London hosted a Help to Buy open day at Hendon Waterside today, to help potential customers understand how the government-led initiative could help them buy their first home or move up the property ladder.

The open day drew over 60 people, and the team were able to help eight first-time buyers purchase their new Barratt London home. Customers attending the event commented that the nearby Welsh Harp and overall regeneration of the area has made Hendon Waterside a desirable place to live.

The transformation at Hendon Waterside, along with the multi-million-pound rejuvenation of nearby Brent Cross and Cricklewood, will create a ‘new gateway for London’ and see this part of Barnet emerge as a modern, cosmopolitan and vibrant new urban quarter offering a fantastic lifestyle only a short distance from central London.

The development is set within 170 hectares of green surrounding, and with most homes featuring a private balcony or terrace, from which some residents can overlook the Welsh Harp Reservoir. The development also provides excellent transport connections. From nearby Hendon station, residents will be able to reach Kings Cross St Pancreas in just 17 minutes. Once completed, the development will bring over 2,000 one, two and three-bedroom new homes to Barnet. The latest phase of the development is Lakeview, situated in one of the most desirable locations within the scheme, adjacent to the Welsh Harp Reservoir.

The Help to Buy scheme is ideal for those who have the income to support a mortgage but do not have the large deposit often required by mortgage lenders. To take advantage of the scheme you need to have 5% of the purchase price as a deposit and you also need to secure a 75% mortgage offer. This is particularly good for people looking to buy for the first time in London where the cost of living often means it is difficult to save.