If you are a first-time-buyer and looking to purchase a property up to the value of £600,000 in London, then you are able to buy a brand new home at Uniquely Cricklewood, with the Help to Buy: Equity Loan scheme.
Launched on the 1st of April 2021, this is a Government-backed equity loan that allows first time buyers to contribute as little as a 5% deposit. Additionally, for those buying in London, you can borrow an equity loan of up to 40% which is interest free for the first five years, whilst the remainder of the purchase price is funded by your mortgage.
The aim is to help people get onto the property ladder at a time when homeownership is difficult due to the high deposits that are required and where access to affordable mortgages limited.
Time is of the essence however as the Help to Buy Scheme will no longer be available from 31st March 2023, which means there is only one year left to benefit from it.
Example: for a large 1-bed apartment purchased for £450,000 at Uniquely Cricklewood
If for example you were looking to purchase one of our apartments at Uniquely Cricklewood for £450,000, you will need a 5% cash deposit of £22,500. Your mortgage lender will loan you £247,500 (55%) whilst the Government would contribute £180,000 (40%).
How to buy a Help to Buy home at Uniquely Cricklewood
Reserve a new build home with Unique Property Group
Apply online through the Help to Buy agent in your region. Find out who that is here. (make sure this is set to open in a new window so that you’re not taking people off your website)
You will be assessed on your eligibility and if successful, you will then be issued with an Authority to Proceed which will help you apply for a mortgage and progress the purchase to exchange of contracts
Your Help to Buy agent will help you complete all of the paperwork and agree dates before issuing a Transaction Confirmation which will allow you to tranfer funds and legally complete on your new home
After legal completion, your Help to Buy agent will then pass on your details to the equity loan administrator to manage the equity loan until it is paid in full
Find out more about how to apply for a Help to Buy Scheme on the Government’s website here.
What properties are available to buy at Uniquely Cricklewood on the Help to Buy Scheme?
Cricklewood is fast becoming a sought after area to invest in new build property. At our latest development here, prices start at £440,000, and with London set to a price cap of £600,000, this means we can offer many of our one and two bedroom apartments on the Help to Buy scheme. Click here to view our new homes at Uniquely Cricklewood.
FIND OUT MORE For more information about our new build homes or to discuss the Help to Buy Scheme further, contact: 0207 409 8756 email@example.com
If renovating a fixer upper is not your cup of tea, and you don’t want the hassle of maintaining older properties despite their period charm, perhaps a new build home might appeal? Having worked in this industry for over10 years, we’ve put together some of our favourite reasons why they make fantastic homes…
More energy efficient and environmentally friendly
New build homes usually mean a smaller carbon footprint and lower energy bills due to the materials used and the way they are built. This is even more relevant at Uniquely Cricklewood because we are adopting Passivhaus principles to create homes with sustainability and energy efficiency as a central design ethos. The construction techniques include high value glazing and insulation, solar panels and thermal methods that result in lower carbon building. Additionally, mechanical ventilation heat recovery (MVHR) systems in each home provide better air filtration which means the air quality is more superior – ideal for improving the health conditions within the property.
Lower repair & maintenance costs
As a development is usually built to a high standard with a 10 year structural warranty, everything is brand new and in working order when you move in, meaning you don’t need to worry about any renovation costs. If you find any construction defects or niggles such as scuff marks or squeaky doors in the snagging process, the builder should get them resolved for you. For example, our 10-year warranty at Uniquely Cricklewood, is from Build Zone. We are responsible for the first two years and Build Zone for the following eight.
This allows for little maintenance when your home ages too, and you don’t need to worry about decorating when you move in!
All of this offers our buyers complete peace of mind and substantial financial savings in the first ten years.
Serious thought goes into the interior design of new homes. For example, at Uniquely Cricklewood, our sleek kitchens are very much the heart of the home. Lighting and integrated appliances highlight cool, clean lines, with high contrast matt graphite cabinets and stunning worktops. Whilst full height glazing floods the living room interiors with natural light. Lustrous wooden effect flooring and subtle details make for simple, elegant spaces that are a cut above the standard, whilst pendant lighting helps to define zones within the open plan living spaces, with recessed LEDs for when you need things to be a bit lighter.
Security is generally much better in new build homes. Uniquely Cricklewood offers quality door entry systems, secure parking and access to bicycle parking.
There isn’t a seller chain
It is well documented that when you have a long chain going on, your purchase can very easily fall apart if the seller pulls out. However, you don’t have this issue when buying a new build home because the seller is the developer. You also remove the risk of gazumping from other buyers as once you pay your reservation fee, the property is taken off the market immediately. Furthermore, if you are selling your own residence when purchasing a new build home, your potential buyers will find it very attractive that you are at the end of the chain. This all makes it a far simpler way and less stressful way of buying a property.
The Government announced that the Help to Buy Equity Loan for first time buyers was to end at the end of March 2023, so this is the last year that people can take advantage of it. The scheme provides financial help for those trying to get onto the property ladder for the first time by allowing them to only put down a 5% deposit. There are regional price caps however, so in London this applies to homes up to £600,000 only, but we are still able to offer this scheme at Uniquely Cricklewood.
Whether it be a new build apartment or townhouse you are looking for, perhaps our sustainable development, Uniquely Cricklewood, has what you are looking for. You can view all of our available properties for sale here.
Whether as a buy to let landlord or an owner occupier, Cricklewood in North London is fast becoming one of the area’s most sought after locations for owning a property. From great transport links and new schools, to being in the midst of one of London’s largest regeneration programmes, Cricklewood offers a host of benefits for families and young professionals, covering both lifestyle and financial.
Here are some of our favourite reasons why Cricklewood is a fantastic area to be investing in property…
It’s in the midst of one of the largest regeneration programmes in London
Making the headlines at the moment is the huge regeneration happening in the Cricklewood and Brent area. The £7bn investment programme covers 151 hectares and includes creating a sustainable town centre covering both residential and commercial. Key areas include:
A modernised and extended shopping centre which will include 200 retail and leisure brands, 600 homes, two parks, a hotel, a new cinema complex, a community centre plus new car parks
Improvements to road infrastructure
New improved walking and cycling routes
The creation of a new town. This will include:
thousands of new homes
office space for 25,000 people
improved community facilities and open green spaces such as eight public squares and seven parks offering tennis, football, bouldering, parkour and BMX
a pedestrian friendly high street offering a mix of shops, cafes and restaurants
existing schools will be upgraded. For example, Claremont Primary school will be rebuilt and expanded to teach children from nursery age up to year 6, with other additions including onsite sports facilities, forest school and wildlife area and a 24-place Additional Resource Provision for children with autism
A new Thameslink train station, Brent Cross West, which will link to central London in twelve minutes. This will be opening at some point this year
The revamp of Cricklewood Station
Cricklewood Station has had a bit of a makeover. A colourful model cow in a flowerbed proudly sits outside the entrance, whilst the bright artwork ‘Queen of the Air’ welcomes visitors on the platform in huge letters. This was designed by internationally renowned street artist, Lakwena Maciver and is a touching tribute to the first female aviator Amy Johnson who lived in Cricklewood.
Open green spaces
Embracing the outdoors has become even more important for people post pandemic, and Cricklewood has its fair share of open green spaces to explore. It’s home to the Mapesbury conservation area as well as Mapesbury Dell Park – North London’s best kept secret and award winning – with a pond teeming with wildlife, play area, picnic tables, benches and stunning gardens and lawns to relax in. There’s also a gardening club, the Midsummer Open Air Opera Evening, a Back to School children’s party in September and carol singing at Christmas. Meanwhile, the newly built Claremont Park should be opening this spring, which will include a new children’s playground, a kiosk and public toilets.
Excellent rail links in and out of London
With a very good train line already in place, and Brent Cross West very close to opening which will take travellers to St Pancras, Blackfriars and Farringdon, Cricklewood continues to attract more and more commuters due to its easy access into central London. There are also other tube stations nearby, whilst the A5 sits directly next to Cricklewood offering easy access to the M1.
Cricklewood is well known for its community spirit. At Clitterhouse Playing Fields, the Victorian farm buildings which survived World War II are currently used by Our Yard – a community group founded by local residents who manage a café and community growing garden. There are also food growing initiatives and other projects that benefit people living there.
The local schools have a fantastic reputation, with many awarded ‘good’ or ‘outstanding’ by Ofsted, offering several choices for families.
Local retail and leisure
The local area has some great pubs, boutique shops, independent cafes and excellent shopping facilities such as the Brent Cross shopping centre. Bang Bang Oriental Foodhall is a particular favourite of ours. There’s even a four-star deluxe hotel on your doorstep, the Clayton Crown Hotel, which is ideal for business meetings, enjoying a selection of drinks in their historic pub or even splashing out on an afternoon tea treat with loved ones. So whether it’s night life you are looking for or a delicious breakfast to start your weekend with, there truly is something for everyone.
Two new annual events
To help build community spirit and attract life to the town centre, two new events have been created. The Silk Road Festival, held in September, celebrates Cricklewood’s ethnic diversity with stalls and events serving up international food, art, fashion and music. Whilst WinterFest in November offers festive markets, music and food.
Rising property values and rents
All of these wonderful elements to Cricklewood and its surrounding area will mean property prices and rents continue to rise, offering a superb ROI and capital growth in the future. This means now really is the best time to be purchasing a brand-new apartment or town house at Uniquely Cricklewood – whether to live in permanently or to rent out – as it’s very likely values will continue to rise as the regeneration work progresses over the next few years.
We were thrilled to make it through to the finals of the Evening Standard Property Awards 2019 for Best Small Development, in a hotly contested category. We really enjoyed the fabulous event on Friday at the Dorchester Hotel, Park Lane in London.
And whilst we didn’t win, we’re delighted to have made the latter stages, against some really big players in the industry. We look forward to entering our other developments into next year’s award season, and fingers crossed.
The final apartment at The Printworks has been sold. Against market conditions the elegantly appointed apartments have literally flown off the books recently, with the last 4 being sold in the past month!
The only chance to enjoy of a slice of this unique development, now lies in the 3 stunning Mews Houses, hidden behind the 1920s façade of the boutique apartment building.
These 3 properties are a real (literally) hidden gem in the heart of Crouch End. Set at the rear, each enjoy private landscaped south west facing gardens and look out onto a ultra-realistic living wall. Internally, these have been beautifully designed with modern lifestyles in mind.
In order to secure your piece of tranquillity, away from the hustle of London living, please contact our sales agents on 020 3778 1101.