London Living for Young Professionals

London Living for Young Professionals

Buying a home in London isn’t easy whether you’re a young family, single person or a couple wanting a piece of the London property market. And with a young professional status the process can be even tougher especially if you have a busy weekly schedule. Having to juggle the expenses of city life or the time with family and friends along with time on your own projects is something you’ll be used to and saving for a home can seem a little daunting. Fortunately there are plenty of ways to get on the property ladder in London whether you’re looking for more of a suburban home with a garden or a city scape London apartment with a balcony.

Young professional villages

With the surrounding boroughs of London rapidly changing and being newly shaped around the transport systems and amenities, choosing a spot that will suit you and your lifestyle has definitely got easier with the breadth of places to choose from. Many boroughs have become young professional villages that cater to all the needs of young professionals from great transport links, bustling enterprise, gyms and sports facilities and plenty of bars, restaurants and coffee shops. A great example of this is Ebbsfleet, with its extensive open spaces, quick links to the city, growing hospitality scene and friendly atmosphere. Shared ownership homes in Ebbsfleet provide young professionals with a leg up onto the property ladder and your very own investment into a growing area.

Government Schemes

Another great way you can get to grips with London living is to go through a government scheme. You can do this in several ways including help to buy. Help to buy allows you to put down just a 5% deposit and obtain a 40% no interest loan from the government for the first 5 years. This means you will only have to get a mortgage for 55% of the value of the property, making those tougher initial steps a lot easier. These homes are also almost all new builds so you can be sure to find something with bespoke interiors and beautiful layouts knowing the price is taken care of.

Shared Ownership

Another great way to get on the property ladder as young professionals is through shared ownership. This means you only buy a share in the home to begin allowing you to put down a much smaller deposit and get a smaller mortgage. You simply rent the remaining portion that you don’t own at a low cost from a housing association and you can even buy more over time. The scheme is available across London from shared ownership homes in West Drayton to shared ownership apartments in Croydon. With plenty of choice and a range of areas to choose from, settling down in London as a young professional is certainly not as hard as it sounds.

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