First-time buyers can secure a luxurious apartment off-plan at the sought-after and desirable new residential neighbourhood The Laundry Works in Watford, by Weston Homes, with their First-time SecureBuy (FTSB) initiative. Weston Homes is dedicated to providing high quality apartments at fair prices and their FTSB scheme is another tool to help people buy their first home.
Purchasing a first home is an exciting but sometimes stressful time, which is why Weston Homes’ unique FTSB scheme gives security and peace of mind, with a full refund of the reservation fee and exchange deposit should a buyer’s circumstances change prior to legal completion, subject to terms and conditions. The FTSB scheme allows first-time buyers to reserve a home off-plan for just a £500 reservation fee, only requires a 5% exchange deposit and then, six months before build completion, the buyer can apply for a mortgage. Should the value of the property increase in the time between reservation and build completion, buyers will only pay the price agreed on the day they reserved their property.
First-time buyers using the FTSB scheme do not need to worry about losing their hard-earned savings if their circumstances change when reserving their first home. Weston Homes understands the financial commitment that is being made and is here to help buyers through their purchasing journey. The many first-time buyers that have benefitted from the FTSB scheme when purchasing their new home are testament to this.
First-time buyer Andrea Komodroumou, who has reserved a two-bedroom apartment with Weston Homes said:
“There’s no way I could ever have dreamt of owning a property without something like the Weston Homes First-time SecureBuy scheme. I have wanted something to call my own for years now but it is such an extremely difficult task for first-time buyers of my generation, so schemes like this are instrumental in helping people like myself get that first step on the ladder.”
To apply for a mortgage on a newbuild home, the property needs to be within six months of build completion. Weston Homes normally launch newbuild developments 12-24 months before build completion allowing first-time buyers to make the most of off-plan prices. This gives buyers extra time to save and be ready to move into their new home, giving them peace of mind at a time that can otherwise be stressful. Weston Homes’ sales teams are available to support and guide first-time buyers through the process helping to take out any worry along the way.
The Laundry Works in Watford is an £85m development on the site of the old Watford Laundry Factory. The eight architecturally distinctive apartment buildings, that make up The Laundry Works, are set within a wide tree-lined boulevard with communal landscaped gardens, pedestrian pathways and new green planting.
The 2.5 acre site features eight distinctive brick façade buildings which will provide 248 new one, two and three- bedroom apartments and penthouses. The eight apartment buildings range in height from three to 13 storeys, with nearly all apartments featuring a private terrace or balcony with floor to ceiling windows. The development also includes 167 car parking spaces and secure cycle parking.
The Laundry Works will see the creation of a thriving new residential neighbourhood within an area noted for its green spaces and decidedly village-like feel. Buyers will enjoy a relaxed lifestyle whilst still being close to the buzz of city life. Watford Underground Station on the Metropolitan line is just a 10 minute walk and provides excellent connections to central London and beyond. Watford’s largest open space, award-winning Cassiobury Park is nearby and the 165-acre Whippendell Wood offers numerous walks. The tranquil landscaped podium gardens within the development provide the perfect setting to meet neighbours and host friends and family close to home.
All the modern apartments at The Laundry Works feature Weston Homes’ fully comprehensive premium specification as standard with well-conceived interior features. Stylish and flexible open-plan living spaces have floor to ceiling windows flooding the apartments with natural light.
The contemporary kitchens by Oakwood Kitchens have quartz stone worktops and upstands, a wide range of integrated appliances and stainless steel sink with integrated removable chopping board, tap with hose-spray extension and separate instant boiling and cold water filtered tap. The bathrooms have white suites, walk-in Fascino smart showers or bathtubs, heated towel rails, integrated vanity storage, a mirror with de-mist feature and a choice of floor and wall tile colours and finishes.
Suzanne Aplin, Group Sales & Marketing Director at Weston Homes says:
“Our FTSB scheme, alongside the government-backed Help To Buy scheme, gives first-time buyers a chance to buy, off-plan, one of our fantastic apartments at The Laundry Works. This is a great opportunity that allows first-time buyers to get on the market at a stage in the build of the development that they would not normally be able to, making the most of the savings from buying at today’s prices, rather than at market values in 1-2 years’ time. Buying a new build property is a dream for many would-be first-time buyers and our FTSB scheme allows them to reach that dream now, taking away some of the worry that can come with buying a first home.”
Homes at The Laundry Works are priced from £269,000 available through the FTSB scheme with a £500 reservation fee and a 5% exchange deposit. The marketing suite and show home are open 7 days a week from 10am to 5pm. For further information please contact Weston Homes on 01923 882719.
