Buying a home on Crossrail: ‘We beat the stamp duty holiday deadline by an hour, saving nearly GBP10,000 on dream new home’

Parv Gill and Rush Bharj had been locked out of their home for several months. They decided to start a new life together after they endured a series of lockdowns. Bharj, 32 years old, is a business analyst who was renting a flat at Lewisham and working in central London. “I had been saving for years. Gill said that although I knew I wanted property investments, I was waiting to find the right person to do it with. A brand new flat was a top priority for Gill and Rush when they began looking at properties around the beginning of last year. “I just wanted somewhere nobody else had lived in, that would be immaculate, that would come with guarantees, and that I could put my own mark on,” explained Gill.Parv and Rush at their new development in Woolwich / S SaundersWith investment potential in mind, they decided to look at locations along the new Crossrail line and selected a two-bedroom open-plan apartment in the Trinity Walk development in Woolwich ( where billions of pounds is being spent on new homes and local amenities.The flat cost GBP490,000 and with their healthy combined savings they were able to put down a 25 per cent deposit. They were able to get in on the last day of Stamp Duty holiday, so the sale was completed on June 30. Gill said that they made it in under an hour. “If it had been delayed to the next day, we’d have had to pay GBP95,000. “READ MOREHow to buy: ‘After six year’s of saving, we’ve slashed GBP500 per month our living expenses and cut 50 minutes off our commute to work.’ London first-time buyer: My mortgage and bills are the same as renting in a houseshare. Gill left Walthamstow in order to move to central London. Boris, her four-year-old English bulldog, was with her. Bharj, who is currently working remotely, has reduced their monthly mortgage payment to GBP1,100 and their service fee to GBP200 each month. They believe this is much less than what it would cost to rent a new apartment in the area. The stunning views from their balconies on the eighth floor are what they love. Gill said that what is truly amazing is the number of people who live here with their dogs, which gives it an incredible sense of community.