London Key Workers Offered Shared Ownership Property in WC1

Key workers in London are being offered the opportunity to get onto the property ladder in the exclusive Bloomsbury WC1 location through the new HomeBuyers scheme.

Prices are set to start at £180,000 for the Barratt Homes one and two bedroom apartments in themagnificent Bloomsbury Terrace, home to the most fabulous example of Edwardian mansion buildings in London.

English Partnerships are offering any qualified key workers working in the capital the chance to buy 35% of the properties and enter the shared ownership scheme, with the London Wide Initiative funding the rest.

Bloomsbury Terrace was built just before WW1 and was originally accommodation for police officers and later became staff quarters for nurses studying and University College Hospital. At present Barratt Homes are breathing life into the buildings, after over ten years of standing empty and in disrepair.

40% of the total homes will be available to key workers who otherwise would probably not be able to buy in the centre of London or anywhere else in the Capital.

Buyers will be able to purchase additional shares in the properties at minimum of 10% each time. The apartments bought under this scheme can also be sold on the open market, with proceeds being split between the English Partnership in proportion to the share.