Over the past decade, more than 200,000 new-build flats and houses have been built in London. Furthermore, initial drafts of the London House Strategy suggest that the Mayor’s building targets for the coming years will propose 42,000 new houses, flats or apartments be delivered in the capital per annum.
Galliard Homes alone, will deliver over 4,000 properties in the next two and a half years, with a further 4,000 undergoing residential planning.
With such a high volume of residences in the pipeline, you can be sure that there is an enormous choice of property available, ranging from recently completed apartments to off-plan flats and houses in a plethora of the capital’s Prime and regenerating locations. See all available flats for sale in London.
For more information about new-build flats and how we can help find the right property for you, call us now for free advice on 020 7620 1500.
The Help to Buy Equity Loan for New-Build Homes
First-time buyers seeking a new-build flat or house for under £600,000 were offered a lifeline from the government in April 2013 when the Help to Buy: Equity Loan scheme was launched. Help to Buy allows first-time buyers to take out an equity loan for up to 20% of the purchase price of their property, which is interest free for the first five years. If the purchaser is able to secure a 75% mortgage then they would only need to pay a 5% deposit (the minimum requirement from the borrower), subject to eligibility, terms and conditions apply.
Read more about Help to Buy with our dedicated guide for first-time buyers, or for more information call us today on 020 7620 1500.
The Advantages of Buying a New-Build Flat
New-build apartments are certainly the height of convenience for busy professional people who do not have the spare time to spend on renovations and decoration. Once you complete on the property it will be ready to move into straight away, all you need is furniture! If you are a Buy-to-Let investor, then you could potentially begin letting your property as soon as it completes. Furthermore, when buying from a reputable developer or house builder, your home will come with many perks:
All Galliard new-build properties are:
- Built to the latest building standards featuring double glazing and communal heating systems.
- Snagged by a quality surveyor to ensure that the highest interior standards are delivered.
- Energy efficient with a rating C level or above.
- Designed often with a choice of finishes to suit your taste, especially when buying off-plan.
- National House Building Council (NHBC) compliant often with a 10-year warranty. (This is not always available on refurbishment projects.)
- Fully-fitted with integrated white goods which may include a fridge-freezer, washer-dryer, oven, microwave and hob.
- Built with security in mind. All apartments feature video entryphone security and many of our new-build developments incorporate a concierge desk.
One of the most comforting aspects of buying a new-build flat is the fact that there will be no ongoing buyer chain. This can make for a completely stress-free move where you can finalise your moving plans and put everything into place knowing that your move date will never need to be changed around.
If purchasing your new-build flat off-plan you will be able to take advantage of fantastic payment structures. Galliard Homes typically offer the option to reserve an apartment with as little as a £2,000 reservation deposit. The balance of 10% is due within 21 days to exchange contracts; an additional 10% is due in 9 months and the outstanding balance on completion.
Galliard Homes is well-known for offering great deals on a variety of our new-build homes, such as a complimentary furniture pack, service charge holidays or reduced letting and management fees, so it would be worthwhile checking out our offers page to view our latest incentives, tailored to suit your requirements.
For more information about new-build flats, take a look at our guide to buying a property off-plan, check out our latest developments or call us today on 020 7620 1500.