Shared ownership doesn't mean sharing… but you can
Friends Emma and Rebecca saved and saved, but couldn't quite raise enough for a deposit of their own. So they joined forces. They're now proud joint owners of a 25% share of an apartment at Liberty Wharf, with plans for the future.
Seizing the opportunity
Having met in the staff room at work just one year before they decided to buy a first home together, good friends Emma (25 years old) and Rebecca (30 years old) have recently moved into a spacious two-bedroom apartment at Liberty Wharf in Alperton. Emma explains: “We got on instantly and quickly realised that it could be a fantastic opportunity to get onto the property ladder.
"We were both frustrated to still be living with our parents and buying individually was going to be a stretch."
Taking matters into their own hands, the two friends, who both work as croupiers in a London casino and were living at home with their families in Kent and Essex, began their search. Rebecca adds: “We had both been saving but didn't have enough for a deposit on our own and did not want to waste money on rent. Here at Liberty Wharf, we pay less than we would if we were renting in London, even with the bills and service charge."
Benefits for Emma and Rebecca
- A more central location and a less than a 30 minute commute.
- Equal size bedrooms and two parking spots.
- Enjoying the Grand Union Canal for exercise and leisure.
- Instead of renting, both were able to get onto the property ladder.
Prioritising size and location
When choosing their home, it boiled down to two priorities for Rebecca and Emma; location and bedroom sizes. Sharing the home together meant they needed equal-sized bedrooms and a bathroom each. They also wanted a reasonable commute.
Rebecca explains: “Being in Kent or Essex would have meant very expensive train fares and petrol bills. Here we can whizz straight to work on the Piccadilly line in about 30 minutes or drive to work in just 25 minutes.”
They also found that most two-bedroom homes have large master bedrooms and much smaller second bedrooms. However, at Liberty Wharf they found two equal-sized rooms as well as two parking spaces, making it an ideal choice for their situation.
