Since 2013, the Help to Buy scheme has aided purchasers to take their first step onto the property ladder. By providing an equity loan of up to 40% in the capital, and 20% outside of London, the scheme offers a more affordable route to home ownership by reducing the amount required for both a deposit and a mortgage. Statistics released by the Ministry of Housing, Communities and Local Government have revealed that over 350,000 properties have been purchased through Help to Buy, demonstrating the popularity of the scheme.

However, with the scheme closing to new applications in October, those keen to purchase a home of their own have just over a month to make the most of the equity loan.

For those looking, L&Q have a range of properties available for purchase at New Union Wharf via Help-to-Buy, ahead of the 31st October Help-to-Buy deadline. Located a short walk from buzzing London hotspots, with quick transport connections around the city, L&Q’s homes come complete with essential fixtures and brand-new kitchen appliances, helping purchasers to avoid the hidden costs of buying their first home.

Claire Brenlund, Sales and Marketing Director at L&Q, comments: “As the Help to Buy equity loan nears its end, we’re excited to be able to support first-time buyers to begin their home-owning journeys, with one of our most popular developments offering homes through the scheme. With Canary Wharf a short walk from New Union Wharf, residents at the development benefit from having some of London’s best eateries and bars on their doorstep.”

Apartments at New Union Wharf also feature contemporary open-plan living spaces and private outdoor spaces, making for the ultimate hybrid working and entertaining zone. Kitchens are fitted to a contemporary specification, with Siemens integrated appliances, Noka Silestone worktop, and Havwoods wide plank timber flooring. For extra security, each home features a video door entry phone with an integrated doorbell, as well as CCTV in communal areas.

With Mudchute Park and Farm a ten-minute walk away, and Greenwich Park a twenty-minute cycle away, residents have an array of green spaces in the city to explore on their doorstep. For food-lovers, there is a plethora of renowned eateries in nearby Canary Wharf, including The Plateau, which serves contemporary French food while diners enjoy views across the water. Perfect for a weekend of exploring, nearby Greenwich is home to the Royal Observatory, an array of museums and art galleries, and the historic Cutty Sark.

Situated on the banks of the river Thames, residents at New Union Wharf can enjoy excellent transport links around the capital, with the DLR station at Crossharbour nearby and the Jubilee Line accessible from Canary Wharf. Making use of these fast connections, a journey to London Bridge will take just six-minutes on the Tube, while both Greenwich and London City Airport are under ten-minutes away on the DLR.

At New Union Wharf, private sale prices start from £575,000 for a two-bedroom apartment, with Help to Buy available on all homes under £600,000.

Help to Buy is set to end next year, with the Equity Loan scheme closing to new applications on 31 October 2022. To apply for Help to Buy: Equity Loan to purchase your new home, you must apply before then.