L&Q's first Shared Ownership event at Beauchamp Park was a resounding success
The Shared Ownership event held at Beauchamp Park, Warwick in January proved very popular with prospective buyers. It attracted a wide audience including those who live locally as well as people currently based further afield. Both L&Q staff and independent financial advisors from James Leighton Financial Services were available all evening to talk about the Shared Ownership scheme in more detail.
L&Q staff shared knowledge regarding eligibility, the application process and staircasing. Events like these ensure that prospective buyers are aware of the required steps ahead of future releases of Shared Ownership homes.
A very informative event
Helen who lives in rented accommodation at Warwick Gates, attended the Shared Ownership event to discover more about how to buy at Beauchamp Park. She commented: “I looked around the show homes and was really impressed by the build quality, specification, and size of the rooms. I’m looking to buy a three-bedroom property for myself and my 19 and 23 year-old sons. The event has been really useful and I’m looking forward to making the move to Beauchamp Park using Shared Ownership within the next few months.”
Strong demand for high-quality affordable houses in Warwick
Claire Brenlund, L&Q’s Sales Director, said the high level of interest in the event clearly demonstrates the significant demand for high-quality affordable homes in Warwick. She commented “We’re now looking forward to working with potential buyers to help them make the move to what will become one of the most stunning new neighbourhoods at Beauchamp Park.”
Shared Ownership enables those on lower incomes and the growing number of people wanting to get onto the property ladder, to part-own and part-rent a property, usually paying a mortgage on the part they own and with a subsidised rent on the part they don’t. As their income rises, they can increase the share they own until they eventually own 100% and no longer pay any rent to L&Q in a process known as ‘staircasing’.
A peaceful yet convenient location in the heart of England
Enjoying an enviable setting in one of the country’s most desirable locations, Beauchamp Park off Gallows Hill in Warwick provides buyers with the best of both worlds – a semi-rural location just moments away from Warwick Castle but with quick and easy access to the wide range of amenities in Warwick or further afield in Leamington Spa, Coventry or Birmingham.
Homes at the development have been designed to ensure they’re in keeping with the local area and have been influenced by the Georgian, Regency and Tudor-style properties typically found in Royal Leamington Spa and Warwick. Properties are built in a mix of brick, render and striking metalwork, that tie in with their surroundings and mark the gateway to Royal Leamington Spa.
*COVID-19 restrictions were adhered to throughout the event.