George Wimpey is introducing a fantastic new incentive to its sought-after Invito development in Gants Hill – giving smart investors the chance to help family or friends on to the property ladder for a generous guaranteed return.
Through Family and Friends Advantage, anyone who contributes a deposit of up to 20% of the price of an Invito apartment will receive an attractive return on their investment of 5% per annum for five years.
For example, a £29,000 deposit on a one-bedroom apartment priced at just £159,995 would guarantee a return of £1,600 each year and a total of £8,000 over the five-year period – that’s a quarter of the overall investment amount.
Michael O’Leary, Regional Sales and Marketing Director for Taylor Wimpey, says: “With interest rates held at the record low level of 0.5% by the Bank of England, this scheme offers a fantastic alternative investment opportunity for anyone who wants their money to work harder than just sitting in their bank account.
“Not only does it provide a unique chance to help family or friends purchase a brand new home they might otherwise struggle to afford, but it also earns the investor a significant guaranteed return in the process.”
The initiative is available on selected new homes at Invito, where stylish studios are priced from just £109,995 and one-bedroom apartments are available from as little as £159,995.
Each property at the development is completed to a high standard specification, including central heating, double glazing and fitted kitchen with integrated oven, hob and hood.
Invito is ideally located in flourishing Gants Hill, with selected apartments enjoying panoramic, balcony views over city landmarks, including Canary Wharf, the London Eye and the Gherkin.
Gants Hill is a vibrant place to live, with stores, cafes, restaurants and bars close by, while Ilford, just two miles away, offers an excellent shopping centre. For leisure, Fairlop Waters in nearby Barkingside is an ideal place for a round of golf, wind-surfing, angling, sailing or horse riding.
The development is also just minutes from Gants Hill Underground station, and only five stops from Stratford, ensuring purchasers are perfectly placed for Docklands, The City and for the 2012 Games.
See Also: Property News (6711), George Wimpey (77), Taylor Wimpey (1863), Gants Hill (6), Family and Friends Advantage (8)
Date Published: 08 April 2010
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