Shared ownership, where you part buy and part rent a new home, often works out cheaper than renting privately
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The benefits of choosing a newbuild are as much about the buying process as the actual property itself. Your new home will be energy-efficient and low-maintenance, and once you’ve reserved it, you know that you won’t be outbid by a higher offer, or get held up by a chain collapsing. You may be eligible for financial help from the Government via an affordable home ownership scheme, and many developers offer part-exchange or other assistance to buyers with a property to sell.
Countryside’s Brook Valley Gardens in Barnet is one of many developments offering London Help to Buy so buyers can take advantage of a 40% equity loan on homes costing under £600,000