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Real Life Case Study : Laying foundations in Greenwich


The pitter-patter of tiny feet brought with it a moment of realisation for Lee and Michelle: It was time to buy a home. After six years spent renting a two bedroom property in Charlton, South London, they knew it was time to set up a more secure future for their family.

Staying local
Having both been born and raised in the Royal Borough of Greenwich, Lee and Michelle wanted to remain in the local area familiar to them and weren't keen to completely relocate. However, with the cost of buying a home in London continuing to rise, this wasn't looking likely. "We weren't in a position to get a full mortgage because we only had a small amount of savings for a deposit," Lee remembers. "We wanted stability for our future and buying a home was a way of laying those much needed foundations; shared ownership seemed the best way to get onto the property ladder."

Lee and Michelle's rented home was very close to the Greenwich Peninsula and the uber-modern Greenwich Millennium Village (GMV). "We passed through the Peninsula and GMV on the way to work every day," Michelle explains. "When we started looking into shared ownership, GMV was a natural first choice for us – especially since we wanted to stay close to our friends and family."

With a plan forming, the couple went online to sharetobuy.com – the one-stop-shop for shared ownership sales. They spotted Moat's apartments at GMV and decided to make some enquiries. "From the start we made it clear that we had a tight deadline due to the new baby's arrival and our tenancy agreement ending," says Lee. "The team at Moat were great; they were quick to respond to our queries which I think played a big part in being able to complete the whole purchase process within three months."

For a decade GMV has been an established, sustainable community at the forefront of a monumental regeneration. The fantastic amenities situated locally such as The O2 Arena, along with a superb transport network including North Greenwich Station on the Jubilee line, have made GMV a thriving and developing community. GMV also has its own parkland, including the Ecology Park, and easy access to the landscaped Central Park running the length of the Peninsula.

Alleviating concerns
Both Lee and Michelle love their new home. "We both work in central London and commute via the Jubilee Line at North Greenwich," Michelle explains. "Now that we've moved our commute is not only ten minutes shorter, but the walk along the river to the station is much nicer than sitting on a bus in traffic!"

"Buying our home has given us the security we wanted," Lee adds. "It's a great feeling knowing that some of what we are now paying for our home is going into ownership. It has taken away the common concerns of renting such as rent increases, security of tenure and short term tenancies."

"We love it here – it suits us perfectly," Michelle proclaims. "Its very well designed, spacious and has lots of storage which is a great help. The views are lovely and having two balconies is a real bonus!"

On 13 June 2016, Lee and Michelle's son, Zac, was born at the Queen Elizabeth Hospital in Greenwich. The whole family is now loving life in their new home at GMV.