"I wouldn’t have been able to do this without Shared Ownership.”Published on 09 October 2020
In April 2020, Associate Producer, Edwin Rothwell made his first step onto the property ladder with the help of the Shared Ownership Scheme. Edwin, who is currently working on the hit tv show, ‘Britain’s Got Talent’, recently purchased a share of a dynamic one-bedroom apartment at Network Homes’ development, The Grove in Borehamwood.
Edwin’s property purchasing journey began in 2018; he comments: “I started saving for an apartment at the end of 2018 - which is when I had a reality check about my finances. It seemed as though I would never get a mortgage. I didn’t think I’d be able to buy anywhere – especially in London. I later found out about the Shared Ownership Scheme through my colleague, who had used it to purchase a property in Finsbury Park. Suddenly, the prospect of buying in London seemed like a viable option.”
“I love the property - the clean white lines make it feel really fresh and open, and the quality and finish are amazing too. I have a gorgeous terrace that overlooks the development (which is lovely in its’ own right). Someone comes around often to look after all the plants and landscaping. It really shows how much Network Homes care about their product.”
He continues: “On my buying journey, my eyes were really opened, because I looked at two other Shared Ownership developments and Network Homes was by far the best, and always responded to queries within 24 hours.”
Discussing Shared Ownership, Edwin comments: “I’ve never looked back since using the scheme. The amount of money I spent when I rented spare rooms in London was eyewatering. This scheme has given me the opportunity to buy a property in one of the most expensive places to live in the country. I bought 25% share of a £330,000 apartment, and my deposit was only £4,125. To be able to get onto the property ladder with such a small deposit is amazing.”