Moving to London? 5 reasons to buy a home here
London is a popular destination to visit so it’s no surprise that more-and-more people are moving to the city every year. And with many affordable houses being built in London, now is the perfect time to buy your first home. Read on for the 5 best reasons you should stop renting and buy your dream home in London.
1. It’s one of the most culturally diverse cities in the world
London is full of history and culture, making it an extremely desirable place to live. Over 300 languages are spoken in London with over 40% of residents coming from outside of the UK. With such a diverse mix of people, you’ll experience a culture like nowhere else on the planet. If you’re into art and history, you won’t be disappointed with the calibre of museums available. Three of the top ten galleries in the world are in London. And with a vast array of shops, cafés, restaurants and bars, you’ll never be short of things to do in the city.
2. It’s the business epicentre of the world
As a hub for development and innovation, a third of businesses are now based in London or around the capital. And if you’re moving here, you’ll be pleased to know that 1 in 3 jobs are created in London. This makes it an easy place to secure work or build on your career. Living in London means you’ll have a range of career opportunities, now and into the future, making it the ideal place to set roots.
3. It’s easier to buy than you think
There is a common misconception that it is difficult to be a first-time buyer in London. But there are a vast range of affordable homes with lots of opportunities for financial help. So moving to London is a lot more achievable than you may think.
The London Help to Buy scheme is a Government-backed initiative that helps first-time buyers and current homeowners move up the property ladder. To buy a brand new home, you only need a 5% deposit, 55% mortgage and a 40% Government equity loan (which is interest free for the first 5 years). This is available on new build homes up to £600,000. So it’s never been easier to buy a home in London.
4. You can choose from a range of quality homes
When moving to London, you are presented with an array of different styles of architecture – Georgian, Victorian or modern. So there is something for everyone. If you’re looking to move into a modern house, hassle-free, then a new build home may be for you.
There are lots of developers building brand new properties in London, many of which are in central locations. Barratt London offer brand new homes that come with a NHBC Buildmark Warranty which guarantees 10 years worth of cover. Built to accommodate modern living, these homes come with considerate living spaces, designed to suit your needs.
5. There are lots of different areas to live in
Buying a home in London gives you the opportunity to live in an area that you desire. London is made up of ‘mini cities’, meaning that there are multiple boroughs to live in. All of which have their own sense of identity. But if you decide to buy a brand new property with Barratt London, you’ll have a range of different boroughs to choose from, making moving to London easy.
Barratt London have a number of homes in great locations, including Upton, Lambeth and Mill Hill – all of which have excellent transport links. With a range of homes that are being developed in different locations, there will always be a property out there for you.
Looking to move to London and get onto the property ladder? Choose from a range of quality homes in desirable locations with Barratt London.