With a job at one of the world’s ‘big four’ accountancy firms, making sound financial decisions comes as second nature to David Chapman.
So when the opportunity to buy his first home just a 20-minute commute away from Canary Wharf presented itself, the 26-year-old accountant didn’t have to think twice.
After visiting Fairview New Homes’ Phoenix development – which is located beside the Limehouse Cut in E14 – David crunched the numbers and worked out that he could secure a 1-bedroom apartment by using London Help to Buy.
The scheme enables buyers to purchase a new home in the capital with just a 5% deposit and 55% mortgage, with the remaining 40% provided by the government as an equity loan.
And David described his decision to use London Help to Buy as a “no brainer.”
He said: “I had been renting a property in Battersea for around 18 months with my roommate who I have known since university, but when he decided to move on, I realised it was time to look for a home of my own.
“As I work primarily in Canary Wharf, finding an apartment nearby was top of my wish list, so when my dad told me about Fairview’s development by the Limehouse Cut, I went to check it out for myself.
“The sales advisors at Phoenix were really friendly and knowledgeable and cut through the jargon to help me make sense of London Help to Buy. Once they had explained how the scheme works, using it was a no-brainer.
“The size of the apartment, the large balcony and the high-standards of finishing throughout, coupled with the location in E14, made this one of the easiest decisions I’ve ever made.”
Located off Broomfield Street, Phoenix is a 5-minute walk from Langdon Park DLR Station, which has services to Canary Wharf in 6 minutes, meaning David can get from his front door to his desk in just 20 minutes.
He added: “When I realised I could afford to buy an apartment which is so close to Canary Wharf and has so much space, I knew it was perfect for me.
“The open-plan layout of the kitchen/living/dining room was something I really liked about the home when I first saw it, and I love how spacious my balcony is. There’s plenty of room for a table and chairs, so I can sit and look out across the landscaped gardens in the central courtyard.”
A fitness enthusiast and frequent gym-goer, David is also enjoying the benefit of living near to his favourite health centre, as well as finding new running routes beside the Limehouse Cut and through Bartlett Park.
He said: “I regularly visit the Third Space Canary Wharf health club, so I have the double advantage of living close to where I work and where I spend my free time.
“I like to go running as often as I can and have taken part in numerous half marathons, so I hope I’ll be able to find some new running routes around E14 to have a go at as well.”