Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

'I bought in London using shared ownership – and cut my commute'

'I bought in London using shared ownership – and cut my commute'

As a senior reporter for one of the UK’s leading national newspapers, covering stories across the capital and beyond, David Rivers needed a home that was well-connected to central London.

After 18 months of renting in a shared house in Streatham Hill, he was keen to get on the property ladder and have a place of his own. “Living near central London is essential to my job,” David says. “I put up with renting for a long time so that I could get to work fast, and revel in the buzz of London’s news and media scene.” But while he enjoyed the social aspect of a shared house, he eventually wanted his own space. “After totting up my savings, I started to look at whether I might be able to get on to the ladder by myself,” he adds.

When David came across L&Q’s Weavers Quarter in Barking, he was impressed with the affordability of the apartments. Using shared ownership, he could buy with a lower deposit than on the open market, and his monthly payments would be manageable.

“It took me a year of searching before I came across Weavers Quarter, and I immediately knew it was the place for me,” he says. “The affordability and location were exactly what I needed, and the apartments were much larger and fitted out to a higher specification than other developments I had seen.”

David purchased a 35 per cent share in a one-bedroom apartment on the top floor. He explains: “On my initial visit to Weavers Quarter in October 2018 there were no one-beds available, but L&Q salesperson Tamika told me there would be another launch in January 2019. When she called in January with more launch information, I rushed straight to Weavers Quarter and reserved immediately.”

Four months later David moved into his apartment, part of the final phase of shared ownership homes at Weavers Quarter. A range of two-bedroom shared ownership apartments remain available at the scheme, which was built in partnership with London Borough of Barking and Dagenham. “I absolutely love my home,” David says. “I have a fantastic open-plan kitchen and living room which opens directly on to a balcony, plus a large bedroom. There’s also a sleek, stylish bathroom, and plenty of storage space which comes in very handy.”

On top of this, he has also cut his commute by 10 minutes. Weavers Quarter is only 10 minutes’ walk from Barking station , which is serviced by the C2C, District and Hammersmith & City lines, so there are lots of routes into central London.”

It wasn’t just the transport connections in Barking which drew David to the East London borough, though. “Everything I could need is on the doorstep –there’s supermarkets, clothes shops and banks all on the high street,” he says. “Match that with the affordability of Barking property and the great transport links, and you have a winning combination for first-time buyers.”

David had all the support he needed from the sales team at Weavers Quarter, who he says “helped immensely” throughout the process.

“I am so happy to have been able to get on to the property ladder in London,” David finishes. “This is a fantastic first step in my home ownership journey, and I plan to staircase to full ownership as soon as I can.”

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×