Weston Homes has launched a new ‘Ways to Buy’ campaign at Abbey Quay in Barking, aimed at assisting young individuals in purchasing their first home.
The £350 million, 6-acre riverside urban village at Abbey Quay offers 1,089 new apartments, all with private balconies or terraces. It will also feature commercial and leisure spaces, including a restaurant, shops, gym, and community hub. The development is complemented by pedestrian promenades, public artwork, and landscaping.
Weston Homes ‘Ways to Buy’ schemes include:
First-time Secure Buy (FTSB)
The FTSB scheme allows first-time buyers to reserve a home off-plan for just a £500 reservation fee, and 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 reserve their property.
To apply for a mortgage on a newly built home, the property needs to be within six months of build completion. Weston Homes normally launches 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.
Discount Market Sale (DMS)
In partnership with the London Borough of Barking and Dagenham, this offers a 20% discount on selected one- and two-bedroom apartments for local residents or workers.
Deposit Unlock
Developed by the Home Builders Federation, it allows buyers to reserve a home with a 5% deposit.
About the New Homes for Sale at Abbey Quay
All apartments at Abbey Quay feature contemporary, open-plan living areas, opening onto balconies, complete with bespoke designer kitchens and luxurious bathrooms, all finished to the highest specification and equipped with superfast broadband.
About the Area
The area around Abbey Quay is undergoing significant regeneration, with plans for 20,000 new jobs, 50,000 homes, and amenities. It’s well-connected, being close to Barking Station and London City Airport.
The Abbey Quay development is just a 10-minute walk away from Barking Station where the tube gets into Canary Wharf in under 20 minutes.
Buyers Frederica and Tom commented on how easy it was to purchase their first home with Weston Homes: “Buying our first home was simple, straightforward, and effortless. As a young couple it was extremely reassuring knowing that we were able to purchase completely worry-free”.
Homes at Abbey Quay start from £261,500 (price reflects the 20% DMS saving, subject to eligibility criteria).
For buyers not eligible to buy a home with the help of Discount Market Sale, the new apartments are priced from £331,000 available through the FTSB scheme with a £500 reservation fee and a 5% deposit.
The marketing suite is open 7 days a week from 10am to 5pm.
To book an exclusive viewing of the show home or to speak to a sales consultant about the various schemes and incentives on offer call Weston Homes on +44 20 3793 2585.
See more photos and link to the original website can be found on Abbey Quay development profile.
