Catford Green hopefuls camp out

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Prospective first-time buyers camped overnight at Catford Green to be first in line for the Help to Buy event on Saturday.

Barratt London hosted a Help to Buy open day at Catford Green last Saturday, to help potential customers understand how the scheme could help them buy their first home with just a 5% deposit.

The event drew over 50 attendees, with at least three camping outside the marketing suite the night before to ensure they were among the first in line for the opportunity to buy at Appleby Court, the current phase at Catford Green. The team were able to help 15 first-time buyers purchase their new home at Catford Green. The first buyer on the day bought plot 345, a one-bedroom south-facing apartment, and the number of viewing requests continues to grow.

An independent financial advisor from TORC24, solicitor from New Homes Law and a Help to Buy agent were all available to give buyers additional advice on the scheme.

Gary Patrick, Regional Sales Director at Barratt London, commented: “Catford Green’s exceptional location, conveniently located near a transport hub as well as the amenities at Ladywell Fields, has generated enormous interest. The turnout at the event shows that buyers are clearly impressed by the wider regeneration underway in the area and are determined to buy in this location.”

Appleby Court is the latest phase at Catford Green and the majority of properties are available to purchase on the Help to Buy scheme, with apartments are ready to move into summer 2017. The Help to Buy scheme is ideal for those looking to get on the property ladder, who have the income to support a mortgage but only have 5% of the purchase price as a deposit. The Government provides a 40% equity loan – interest free for five years – so you only need to secure a 55% mortgage.