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News & Events
09/12/05Merlion Offers Wimbledon Buyers A Step Onto The Property Ladder
To extend the number of new homeowners by a further million in the next 5 years and ensure that more people benefit from homeownership, the Chancellor has announced that shared equity schemes will be developed to allow more people onto the property ladder. For those who simply cannot wait, Merlion Homes has already developed a shared equity scheme for buyers in Wimbledon.
For purchasers at The Downs development, a unique shared equity plan has been designed to help those looking to get onto the property ladder. Merlion Homes is selling 15 one, two and three bedroom apartments on a shared equity leasehold basis. The purchaser has a 75% share of the equity and unlike many shared equity schemes; Merlion's Assisted Purchase Scheme does not require rent to be paid on the remaining 25%. The repayment is only made if the purchaser decides to resell the property.
The remaining apartments at The Downs are available from £206,250 for a 75% share. This is giving homeowners who might not normally aspire to such a lifestyle a chance to purchase a new apartment at a reduced percentage of its market value.
Key features include a fitted kitchen with washer dryer and integrated appliances. There is also a fridge, washing machine, single fan oven, gas hob and extractor hood. The bathroom includes a white Twyfords suite with chrome mixer tap, contoured with white glazed ceramic tiles. All apartments also benefit from one parking space.
The Downs is a mature, tree lined residential street close to Wimbledon Village, which gives the development a tranquil and established feel.
It is located just fifteen minutes from the boutiques and cafés of Wimbledon Village, Wimbledon town centre and Wimbledon station (with access to the District line and overland lines to central London) and fifteen minutes to the common.
For further information please contact Gascoigne Pees on 0208 9477722.
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