15th May 2020
Buying at Trinity Walk added up for accountant Anh!
The 24-year-old has just moved into a stylish two-bedroom apartment at Lovell Homes’ Trinity Walk in Woolwich two weeks after the coronavirus lockdown.
Thanks to the Bank of Mum and Dad, Anh was able to put down a good-sized deposit on the £449,000 apartment which included £10,000 of her own savings. She also took advantage of the Government’s Help to Buy scheme and took out a 15 per cent loan.
With the average age of first-time buyers in London being 35, Anh knows she’s fortunate to be in a position to be a homeowner.
“I couldn’t have afforded this size apartment without help from my family so I know I’m very lucky to be a homeowner at my age. When I did the calculations I was surprised and pleased to see I would be paying a lot less for monthly mortgage re-repayments than my previous rent. It made perfect sense to buy and Trinity Walk offers a first-time buyer very good value for money.”
Anh added: “I have been living in London for a few years now and moved around trying different areas. A friend recommended Woolwich so I moved here and rented for six months while I got to know the area. There’s a lot to do here and there are many green spaces and pathways to explore the surrounding area.
Another factor in Anh’s decision to buy was what she had heard about the Trinity Walk community on social media. “Another friend bought an apartment on Phase 1 and talked about how nice the community spirit was at the development. I read some excellent comments on Facebook which helped my decision.”
Anh’s apartment comes with an en-suite and a second family sized bathroom as well as a balcony which has come in very useful over the last few weeks.
“Being able to sit out on the balcony during the lockdown has been enjoyable and I’m looking forward to sitting outside during the summer.”
Transport links and accessibility to work also played a part in Anh’s decision. Her daily door to door commute to Canary Wharf takes 50 minutes and this will be reduced dramatically when Crossrail opens.
Lea Hudson, sales manager at Lovell Homes London, said: “We are delighted to hear Anh has settled in so well. With prices for a one bed luxury apartment starting at £360,000, first-time buyers are finding that, with the London Help to Buy scheme, they can afford to buy at Trinity Walk. A five per cent deposit is all buyers need and with interest rates being historically low. It’s a very attractive opportunity and we have received considerable interest in the remaining apartments.”
Trinity Walk is a collection of 445 new build one, two and three-bedroom apartments. Each new home has been built to maximise space and light as well as being finished with a high specification to ensure high levels of comfort, security and quality.