To help people get on the property ladder, the team at Guinness Homes’ Hove development, Lyon Quarter, and specialist shared ownership mortgage broker, Censeo Financial, are hosting a free advice session.
On Tuesday, September 15 between 3pm-7pm, visitors can explore the development and ask industry experts all your burning questions about deposits, mortgages, shared ownership, the legal process of buying a house and more. Refreshments will also be available for those that attend.
What is shared ownership?
Shared ownership is a government-backed scheme that gives an alternative route to get on the property ladder.
It allows people to purchase a percentage share of property, typically between 25 per cent and 75 per cent of the property’s market value.
Mortgage payments are only paid on the shares purchased, while rent is paid to the housing association on the remaining, alongside service charges. Often, this means that the shared ownership route gives a lower monthly outgoing and deposit when compared with buying on the open market.
Homeowners at Lyon Quarter also have the option to purchase the remaining, unpaid shares through a process known as staircasing. A completely optional process, homeowners can purchase as many or a few as they like, up to 100 per cent ownership.
Lyon Quarter: Stylish, spacious and affordable
With one- and two-bedroom apartments, available Lyon Quarter offers spacious, stylish properties without the hefty price tag.
A contemporary, open plan layout maximises space, with large windows ensuring there’s plenty of natural light. High specification, integrated appliances are included throughout, giving homeowners a premium experience.
Every apartment also comes with its own private balcony, perfect for relaxing after work, and access to the communal podium gardens.
The development also offers seven wheelchair-adapted apartments, featuring ovens, sockets, switches and window winders at wheelchair height, adjustable worktops and accessible wet rooms. Each apartment also comes with a disabled parking space in the development’s car park.
Prices start from £81,250, with a deposit from £4,062.50, for a 25 per cent share of a one-bedroom or £104,375, with a deposit from £5,218.75, for a 25 per cent share of a two-bedroom apartment.
Seaside or city living? Have both!
Lyon Quarter residents have the best of both worlds.
Easy access to Brighton City Centre residents offers shops, restaurants, leisure facilities and, of course, the city’s renowned nightlife scene.
For quieter days, there are three parks in a short walking distance and Brighton Beach only a 20-minute walk away, the development also has excellent travel connections.
Conveniently located near two train stations, with Hove Station just 17-minute walk away, London Bridge or London Victoria are both under an hour and fifteen minutes away.
With 85 per cent of apartments already sold, don’t miss out – enquire about Lyon Quarter today.
To book your place at this event, contact the team today at lyonquarter@guinness.org.uk or call 01273 974 836.
For more information visit www.guinnesshomes.co.uk/lyonquarter
Event details
Date: Tuesday September 15
Time: 3pm-7pm
Location : Lyon Quarter, Lyon Close, Brighton and Hove BN3 1RX
Contact: lyonquarter@guinness.org.uk or 01273 974 836.
Share