Tag Archives: cricklewood

There’s only a short time period left to buy a new build home with Help to Buy

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.

Gladstone Park Garden View
CGI of the building view from Gladstone Park Garden

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

  1. Reserve a new build home with Unique Property Group
  2. 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)
  3. 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
  4. 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
  5. 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 newhomes@savills.com

Why Cricklewood is the best place to buy a property now

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
Photo of Cricklewood Train Connectios
Cricklewood Train Connections

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.

Daisy outside of Cricklewood Station
Daisy on a sunny day

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.

Mapesbury Dell Park
Mapesbury Dell Park

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.

Community hubs

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.

Excellent schools

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.

The iconic Crown Hotel

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.

Uniquely Cricklewood Development

FIND OUT MORE

To find out more or register your interest 02074098756 newhomes@savills.com