Embed Size (px)
DESCRIPTION
This is a free sample of Homefocus issue "Homefocus March 2014" Download full version from: Apple App Store: https://itunes.apple.com/us/app/id968731232?mt=8&at=1l3v4mh Google Play Store: https://play.google.com/store/apps/details?id=com.presspadapp.homefocus Magazine Description: Designed to help you get to know and understand the more affordable ways to getting onto the housing ladder. Shared ownership and Help to Buy properties. Renting can cost more each month than buying. Improving your credit rating helps you get the best possible mortgage. Case history examples – you can be a homeowner! Covering; shared ownership, low cost home ownership, affordable home ownership, help to buy, estate agent. You can build your own iPad and Android app at http://presspadapp.com
Citation preview
Cov
er p
hoto
gra
ph:
Jo
hn L
awre
nce
homefocus
AT T R A C T I V E , A C C E S S I B L E , A F F O R D A B L E H O M E S
WAYS TO HELP YOU BUY
Help to Buy and Shared ownership
Renting is like watching your
money go up in smoke
MONEYTO
BURNJULIA KENDELL‘Above all, decorate and live in your home as you wish’
‘Without shared ownership, we would have had nothing’ says Pearl
Interior Design Expert
MADE MORE AFFORDABLE
A VAX STEAM FRESH COMBI MULTI-
FUNCTION STEAM MOP
MARCH/APRIL 2014
WIN
Publisher’sComment
homefocus • MARCH/APRIL 2014 3
YOU’RE A LOST GENERATION...KEEP IT TO YOURSELVES!Everyone is excited about the rise in property prices. The press, the government, homeowners, the banks, buildings societies – everyone. Well, everyone except those who aren’t yet on the home ownership ladder.
According to recent research by financial institution, Castle Trust, 4.1 million adults have given up on ever owning their own home and over half of those struggling to get on to the property ladder cited raising a deposit as the key reason. And with low interest rates for savers and property prices on the up, the savings you do have towards the deposit, move further away from what you need all the time. The research went onto show that about a quarter of all aspiring homeowners are hoping to borrow the deposit from parents or grandparents or are waiting for an inheritance, although it didn’t say how the older generations felt about lending their hard earned cash, or dying, to achieve children’s aims!
Lost generationOf those people aged 18 - 24 who are not yet on the property ladder, 40% expect to have to wait until they are 31 or older before they do get on. Among those aged 25–34, around 11% expect to have to wait until they are over 40. Sadly, a third of those people aged between 35 and 44 who don’t already own their own home, think they have missed out permanently. This then, is the ‘lost generation’ of homeowners. With so many people thinking that home ownership is an impossible dream, there might just be an opportunity for those of you who want to look at things a little differently; to consider another approach; to investigate the potential of low cost home ownership (LCHO).
Find home ownership So find out about Help to Buy. Yes, you’ll still have to find a 5% deposit, but the mortgage you’ll need is 20% less than the mortgage you’d otherwise have to find. Or get advice on shared ownership, where you’ll only need to find a mortgage for 5% of the share you’ll be buying. The figures on page 13 of this magazine indicate that with shared ownership (definitely) and Help to Buy (probably), your monthly outgoings are likely to be less than renting a similar property.
homefocus is full of examples of people who found the home buying opportunity. And maybe there’s potential for you too. But keep it to yourself eh? You wouldn’t want those other 4.1 million people to go into competition with you – it’ll push up prices even further. Happy home hunting
Jeffrey Gritzman • Publisher
ISSN No 1470-0360
ADVISORY PANELMaddie Cross LONDON BOROUGH OF BEXLEY
Gail Davies EM HOMEBUY
Dave Evans BE CREATIVE LONDON Adie Fox STAGNELL FOX
Dave Lakin GRAND UNION HOUSING GROUP John McManus GLA
Trevor Morley DIRECTION LAW
Paul Negi GENESIS HOMES
Yvette Ruggins AFFINITY SUTTON GROUP
Isabel Saville CONCORDIA HOUSING CONSULTANCY
Simon Scott ORIGIN HOUSING
Sharon Shaw EAST THAMES GROUP
Jo Short HOMES IN HANTS
Richard Stone PROGRESS HOUSING SOLUTIONS
Helen Towner HOMES AND COMMUNITIES AGENCY
Greg Warner-Harris SPECTRUM HOUSING GROUP
Chris Winfield LONDON BOROUGH OF BRENT
EDITORAlex Randell
e-mail: [email protected]
SUBSCRIPTIONS & GENERAL ENQUIRIESJulie Baugh Tel: 01622 772407
e-mail: [email protected]
PUBLISHER Jeffrey Gritzman Tel: 01622 772407
e-mail: [email protected]
PUBLISHED BYGraid Publications, Kent House, Romney Place
Maidstone, Kent ME15 6LHTel: 01622 772407
DESIGN & PRODUCTIONJohn Eldridge Design Associates
Website: www.homefocusmagazine.co.uk
www.facebook.com/homefocus
www.twitter.com/homefocus
homefocus
Supports the aims of homefocus
Affordable homesin fantastic locations
Call our sales team now to find out more on
0845 606 1221or email: [email protected]
Hyde New Homes properties are also available inBuckinghamshire • Cambridgeshire • East & West SussexEssex • Hampshire • Isle of Wight • Kent • Surrey
Hyde New Homes makes the experience of buying your first home easy with new properties available for sale throughthe Shared Ownership scheme. It’s simple, you buy a share of the property and pay a subsidised rent on the remainder.
South Shore
Final 2 bedroom apartment available for sale throughthe Shared Ownership schemePrices start from £36,250 for a 25% share.
Bond Central
Canal Walk, Southampton, SO14 3BH
1 bedroom apartments in Southampton availablefor sale through the Shared Ownership scheme.Prices start from £27,500 for a 25% share.
Kings Highway, Plumstead SE18
1, 2 and 3 bedroom apartments and 3 bedroom housesfor sale through the Shared Ownership scheme.Prices to be confirmed.Contact us now to register your interest.
Super B
Terms and conditions apply. Hyde New Homes is part of The Hyde Group. Prices correct at time of going to print.
Kings Highway
Clock Tower Court
(Indicative interior)
The Croft
The Croft, Cocking, West Sussex GU29
COMING
SOON
Victory Pier, Gillingham ME7 1AF
2 bedroom houses and 2 bedroom apartments forsale through the Shared Ownership scheme.Prices start from £74,000 for a 40% share.
New England Square, Brighton BN1
1, 2 and 3 bedroom apartments available for salethrough the Shared Ownership scheme.Prices to be confirmed.Contact us now to register your interest.
Albion Road, Bexleyheath DA6
1 & 2 bedroom apartments for sale throughthe Shared Ownership scheme.Prices start from £72,000 for a 45% share.
COMING
SOONCOMIN
G
SOON
NOW
AVAILABLE
NOW
AVAILABLE
COMING
SOON
Lifestyle 36 Bedroom BlissPersonalise your bedroom design
42 Food FocusWelcome spring into your kitchen
Great advice 38 Budget Buster Our most requested guide: it’ll help you get control of your finances
50 Ask the Experts A reader’s question, answered by our experts
52 Moving checklistWho to tell you’re on your way
homefocus
4328
From house hunting
to house warming
3424 22
Hot properties 14 South East Focus A selection of affordable homes from Kent, Sussex, Surrey, Hants, Berks, Bucks, Oxon & Essex
18 South West CornerAnd some from Devon, Cornwall, Avon, Dorset, Glos, Somerset & Wilts
22 East of EnglandSome from Beds, Cambs, Norfolk & Suffolk
26 Midlands MoveHere’s Derby, Leics, Lincs, Rutland, Notts and Nothants
30 London LifeAnd finally, some from the London boroughs
Just for you 3 Publisher’s comment You’re a lost generation. So maybe now is the time to look into shared ownership and Help to Buy.
ContentsMARCH/APRIL 2014
Buyers’ Guide 6 Me become a homeowner? So you think pigs will fly before you get onto the home ownership ladder...
8 Schemes to suit your dreams The low cost home ownership options
10 Where to begin the dream journey...?Low cost schemes might be just the thing, but what do you do first?
12 Money to burn?Why waste it on renting?
40 Buy now, grow laterHelp to Buy helps you buy the house you want
44 Stretch Some examples of how to stretch your money – not yourself!
46 It doesn’t have to be new buildMore shared ownership properties and more locations to look at in the ‘second hand’ market
Celebrity Status 34 In Conversation WithInterior design expert Julia Kendell
‘our home has a huge impact on our motional well-being’
Where next? Homefinder DirectoriesYour search for an affordable first home in your area starts here...
54 Introduction
55 Shows and Events
56 Property listings
59 East
60 London
62 South East
64 Midlands
65 South West
66 Legal and Finance Directory
homefocus • MARCH/APRIL 2014 5
Competitions 48 Win, Win Two readers will win a Vax Steam Fresh Combi, each valued at £199.99
35 Grab yourself one of 5 pairs of tickets to The National Home Improvement ShowDetails at the bottom of page 35
48
36
WIN
Contact us... E-MAIL: [email protected] PHONE: 01622 772407
MAIL: homefocus magazine, Kent House, Romney Place, Maidstone, Kent, ME15 6LH
4 homefocus • MARCH/APRIL 2014
