AFFORDABLE HOMES
DISCOVER HOW SHARED OWNERSHIP CAN HELP YOU FIND A HOME IN HOVE
Find your dream home in the heart of the city – and it’s more affordable than you think Guinness Homes’ Lyon Quarter development brings a stylish and contemporary range of studio, one, two and three bedroom homes to Brighton and Hove. These shared ownership properties are designed with first time buyers in mind.With easy access to both Brighton and Hove railway stations, and only 15 minutes’ walk from the beach, this new development offers the very best of city living. Plus, you can move in straight away. SPACE AT HOME TO FLOURISH The brand new collection of 154 high- spec homes will be spread across four contemporary blocks where you can make the most of the landscaped gardens featuring seating, pathways and gathering spaces. These complement the private space allocated to each apartment, with every home benefiting from a terrace or balcony. The incredible attention to detail extends to the sleek handleless pearl-grey kitchen cabinets, Indesit integrated appliances, elegant neutral colour schemes in the living areas, and light stone natural tiling in bathrooms and en suites. SEE WHERE LIFE TAKES YOU Brighton and Hove is known for its diverse and eclectic atmosphere, and the Seven Dials area is no exception; you’ll find a mix of independent businesses and larger chains, contributing to the neighbourhood’s unique character. Explore the buzzing bars and eateries of the area, relax in St Ann’s Well Gardens or Dyke Road Park, or take a stroll to Hove Lawns for a blast of sea air.
owns part of it – but you’re living there, you decorate it and decide when to sell. Buying a smaller percentage means a smaller deposit and a smaller mortgage. It’s a great way to get on the housing ladder and, with a range of fantastic opportunities at Lyon Quarter in Hove, your ideal first home could be within your reach at last. The share you purchase will be based on what you can comfortably afford. Plus, over time, you have the option to increase your share in the property through a process called staircasing. This means you can increase your share in the property by a minimum of 5% at a time. As you do, your mortgage payments will likely increase – but your rent payments will decrease, and it means you own a larger percentage of your home. If you can afford the recalculated monthly repayments required (as assessed by us), you can even carry on buying further shares to own it 100%. To maximise affordability, at Lyon
Quarter, first time buyers can purchase shares in their preferred property from as low as 25%. Guinness Homes additionally offers a low 5% deposit to help more first time buyers achieve their dream property – lower than would be required for a traditional purchase. Prices start from just £80,625 for a 25% share of a one bedroom apartment with a full market value of £322,500.
HOPING TO OWN YOUR FIRST HOME?
YOUR CHOICE, YOUR OPPORTUNITY
Find out more and apply at lyonquarter.co.uk today, and the knowledgeable sales team can guide you through the process of shared ownership and work out the best options for you
The Guinness Homes shared ownership scheme is another way to buy your home. You buy a percentage, pay rent on the rest and pay a service charge. Guinness Homes
78 First Time Buyer June/July 2024
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