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More affordable living for teacher
Teacher Tim Clark and girlfriend Louissa Galenski wanted to move into Cambridge to be closer to work, but couldn’t afford the city’s high house prices.
Tim had already bought a shared ownership property in Streatham, near Ely, but was fed up with commuting in and out of the city centre – and spending so much on petrol.
Having sold up and benefited from a rise in the value of his Streatham home, Tim and Louissa were able to take advantage of the New Build HomeBuy scheme offered by Keyhomes East, to move into a new three-bedroom townhouse in Scholars Walk, Cambridge.
The part-buy, part-rent scheme means the couple, who have three children between them, have been able to buy a share of a home they could never have afforded outright.
Louissa said: “The house is great and the New Build HomeBuy scheme has been fantastic for us. We are so pleased to have been able to get a house like this in such a prime location. We could never have done it otherwise.
“House prices in Cambridge are so expensive that shared ownership schemes are becoming a good option for more and more people keen to get on the property ladder.”
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