Getting on the property ladder is easier than you think…
Finding a home to call your own is every first-time buyer’s dream, but it should be more than that – it should, and can, be a reality. We get it – Brighton and Hove has it all. From the salty sea air to its unbeaten culture and social scene, where better to call home? Trying to get your foot on the ladder can be tricky, but with shared ownership at Lyon Quarter, that all changes.
More than 100 people now call Lyon Quarter home thanks to shared ownership, and you could too.
Shared ownership is a government-backed scheme designed to provide a realistic alternative to hefty deposits and unattainable property prices. Buyers purchase a share of the property, with the remaining share available to purchase over time. Alongside mortgage payments, rent on the unpurchased shares and service charge are paid to the developer. As the percentage you own increases, the rent decreases.
Say you’re looking for a 25% share of a one-bedroom apartment: shared ownership only requires a deposit based on the share you are buying. You might need as little as 5% of the share you intend to buy – which can be as low as £4,062.50. This means less time spent saving for the deposit, and more time (and money) spent decorating your new place.
The best part? Lyon Quarter offers stylish and spacious one, two or three-bedroom apartments in the heart of Brighton and Hove, combining sleek, open-plan living with private balconies for the perfect seaside sanctuary. Its unbeatable location, close to an array of shops, restaurants and amenities, as well as two train stations with access to London in an hour – is perfect for commuters.
Guinness Homes resident Angelika struggled to save for a deposit until she discovered shared ownership. She says: “That’s why the shared-ownership scheme was the right choice for me. It allowed me to enter the property market without needing the full amount for a typical deposit.” But hurry, apartments are limited. Get in touch with the Lyon Quarter team today.
lyonquarter@guinness.org.uk / 01273 974 836
