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Shared homeowner Alison Smith gets a buzz out of buying her first home at Network Living’s Electric House development in Willesden Green

Homeownership came like a bolt from the blue for Alison Smith (32) as she was not initially looking for a new home, however with her rent soon to increase by £100 per month, Alison decided to look for an alternative.

Similar to many, she pretty much gave up on the idea of owning her own property in London and was thrilled to discover the homes at Electric House were within her budget.

Alison bought at 35% share worth £160,300 in a one-bedroom apartment (full market value £458,000). She paid a 10% deposit – raised with some help from her parents – of just £16,030.

“I’m really very happy with my new apartment, as it is at least half as big again as my old home,” she adds. “I love the full height windows, too. My apartment faces south so I get a lot of sunshine.”

Due to the nature of her work, Alison has high standards when it comes to design, layout and specification. She was really impressed with the specification at Electric House.

“Network Living paid a lot of attention to the details and overall finish,” she explains. “For example, the windows are fitted properly and kitchen is very well laid out and equipped with high quality appliances. There were no snagging issues at all with the apartment.”

As Alison had lived in Willesden Green for about ten years, she was delighted that shared ownership allowed her to put down roots in an area she loves.

“I like the fact that there’s a real community feel here; the area has lots of personality and isn’t too trendy. I also love the fact that it’s so well connected – it’s really easy to get into and out of London. Willesden Green is close to Paddington and there are direct connections to Kings Cross.”

“Owning my own home has given me such a great sense of stability. I’m so happy I have somewhere to call my own.”

Just one, two-bedroom apartment at Electric House remains for sale. A 35% share of the two-bedroom apartment is £190,750 (full market value £545,000). For more information email Electrichouse@haart.co.uk or call 020 8459 0122.

These couples have been able to share Valentine’s Day together thanks to shared ownership!

PHM are feeling the love and want to show off some couples’ shared ownership successes – we hope you enjoy this trio of love stories as the perfect tonic to warm the cockles of your heart in what is proving to be a cold February.

Let’s check in on last year’s lovebirds – On Valentine’s Day last year, Olivia Tinker and Thomas Odlum went to visit a two-bedroom shared ownership apartment at Warehouse, a Network Living development in Streatham. They loved it so much that they put down a holding fee the same day. Brilliantly, Network Living lowered the minimum share from 50% to 40%, after reservations from Thomas’ mortgage company about his self-employment. Happy house-buying-anniversary Olivia and Thomas! Read our blog post about them here.

Stuart and Melanie Wynne were living in a two-bed property in Dee Park in Reading when baby Mia arrived. Naturally they moved into a bigger house… but on the same development! We are so happy that the Wynnes loved Dee Park so much that they chose to continue living there, raising their family! You can find out more details here.

Of course, love spans all ages. In her retirement, Christine Winch wanted to be able to live closer to her family, but not have to worry about a new mortgage. Christine and her partner Michael Frances were able to achieve this goal through shared ownership, paying £160,125 for a 75% share of a two-bedroom apartment at Russell Square, a Thames Valley Housing development.

Scandi-inspired show apartments at Network Living’s Nordic Quarter development in Colindale

The show apartments have just opened to prospective buyers looking to purchase at the Nordic Quarter development, which comprises 108 one, two, three and four-bedroom apartments. The scheme is already making its mark in this up-and-coming area of London, due to its progressive design credentials and creative approach to urban apartment living. Each apartment has private outdoor space as well as allocated parking – a rarity for London new builds.

Apartments can be bought under the shared equity scheme, where buyers can choose to purchase 80% of the market value of their home and borrow the remaining 20% – interest free for the first five years. The full market value price for a one-bedroom apartment at Nordic Quarter starts at £265,000.

Alternatively, homes can be bought through shared ownership, with prices starting from £116,500 for a 35% share in a one-bedroom apartment (full market value £333,000).

The show apartments are open Thursday, Friday, Saturday and Monday from 10am to 5pm and Sunday from 10am to 4pm. For more information contact the sales agent Imagine Living on: 0203 376 6455. Alternatively, visit: www.nordic-quarter.co.uk.

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