Shared Ownership Launches in Greenwich, London
The original idea behind the design of shared ownership was to provide low and middle-income families an opportunity to enter the housing game and allowing them to acquire a share in their homes. Shared ownership, however, has for an increasingly wide and diverse section of the populace has become the best method, the only route for some, into home ownership.
Dartford, Kent -- (SBWire) -- 07/17/2015 --In London, soaring house prices and escalating private sector rents have constricted all but the highest earners pushing a majority of the population out of the local private market.
In the UK, Shared ownership programs are offered through housing associations to benefit local people with a chance to attaining home ownership. This simple scheme works by purchasing a percentage of a home (usually 20% to 80% of the homes current value) and pay rent on the remaining shares. Keep in mind that shared ownership properties always have a leasehold scheme and can buy more shares in the future if so desired.
Moat housing association is spearheading the solution to the exponentially increasing prices of the property market by providing affordable homes for the communities in the South East of England. A proud partner of the Homes and Communities Agency's development, Moat has been the leading supplier of homes for 'shared ownership,' and other intermediate residences over the past 30 years. With this experience, Moat produces over 600 new homes annually and is actively striving to develop even more affordable homes and services, trusted by reinvesting all financial surpluses, which has allowed them to present The Moat at Greenwich Millennium Village, (GMV).
The Greenwich area is widely accredited as a hub of diverse ranges of activities and popular places. In the serene surroundings of Greenwich Park it's possible to experience a spectacular view across London and of a World Heritage recognized site as well as traveling in style on the first urban cable car in Britain. The 02, the most successful entertainment arena calls Greenwich its home which are a few examples why this is an attractive up and coming area to invest in.
Central Greenwich includes other distinguished spots such as the Queen's House, the Old Royal Naval College and the National Maritime Museum. One can explore a thriving Greenwich Market or discover Cutty Sark and visit the countless restaurants and bars.
The Moat at Greenwich Millennium Village (GMV) is easy accessible through many modes of transport, one can hop on the North Greenwich tube on the Jubilee Line which acknowledged as the fastest line on the whole tube network and runs from the North Greenwich Station.
Alternatively, one can utilize The Docklands Light Railway (DLR) or the dependable bus, train or riverboat services. In addition, the Greenwich at GMV is in a prime location that is drivable distance is Blackheath, Charlton House, Eltham Palace and Westfield shopping centre in Stratford as the GMV is located nearby the A2, giving easy access to the M25.
About Moat At Greenwich Millennium Village
We want to be a leader in the housing sector, providing accessible homes with economical price tags so that more people can move into home ownership. Moat strives to be a reliable leader in the housing sector and is proud to provide affordable housing for communities though shared ownership, social rent and outstanding services at GMV to all those who rent their homes at the Moat at Greenwich Millennium Village.
Moat At Greenwich Millennium Village
Address; Moat, Mariner House, Galleon Boulevard, Crossways, Dartford, Kent DA2 6QE
Phone; 0845 359 6330
Media Relations Contact
View this press release online at: http://rwire.com/610983