Home Step · Fulton & Fifth · Wembley Park
Secure your apartment with a 5% deposit, move in, and build the second 5% over your first year of living there. You complete with a full 10% equity position and the keys to your home.
Nine years.
That is how long it takes the average Londoner to save a 10% deposit. Home Step can halve that. Your first 5% secures the home, and the second 5% builds in a single year while you live in it.
Step Up to Ownership
Home Step is a structured path to ownership at Fulton & Fifth, an award-winning neighbourhood in Wembley Park. Every monthly payment goes toward your own home from day one.
How it works
01
Reserve your apartment with a £2,500 fee, which is deducted from your 5% deposit. Pay the remainder to exchange contracts within 28 days. Once you have exchanged your home is legally secured.
02
Live in your apartment under a 12-month licence to occupy. Each monthly payment builds the second 5% of your deposit. These are not rent payments. They are payments towards your 10% deposit.
03
Your mortgage will be arranged while you live in the property. When your 12th payment completes you have secured your second 5% deposit and you now own your home with a 10% equity position.
You pay a £2,500 reservation fee when your offer is accepted, subject to an enhanced financial qualification check with a mortgage broker to confirm you are on track to be mortgage-ready within 12 months.
You pay your 5% deposit, minus the reservation fee, and exchange contracts within 28 days of reservation. This is your legal commitment to purchase.
You move into your apartment under a 12-month licence to occupy. You cover standard occupancy costs: utilities, council tax and TV licence.
Each month you make a payment that builds the second 5% deposit of the purchase price over 12 months. These accumulate toward your deposit and are deducted from your final completion statement.
Around months 6 to 9, while living in your home, you apply for your mortgage. This gives you plenty of time to choose a suitable lender and put the right deal in place ahead of completion.
When your 12th payment completes, the accumulated second 5% is added to your original 5% and is deducted from your final completion statement. You then have 28 days to complete the purchase. You come out with 10% equity and legal ownership to your own home.
One and two bedroom apartments, each with a private balcony and far-reaching views across Wembley Park. Residents enjoy exclusive access to a swimming pool, gym, cinema, golf simulator and more.
Deposit calculator
Choose an apartment price to see your 5% deposit, your monthly contribution, and your position at the end of year one.
£415,000
Figures are indicative and based on 12 equal monthly contributions. Your exact figures are confirmed during qualification.
5% deposit at exchange
Includes your £2,500 reservation fee
£20,750
Monthly contribution
Builds the second 5% over 12 months
£1,729
Your deposit at completion
A full 10% equity position
£41,500
Why Home Step works
Every monthly payment is a contribution towards your 10% deposit, deducted from your final completion statement.
The second 5% builds month by month while you live in the home.
You demonstrate real payment discipline and affordability while living in the home.
Complete on your apartment while you are living there, avoid additional move in costs and utility switches.
Frequently asked questions
Home Step is for first-time buyers who have the income to own but need more time to build the deposit. It is not a workaround for buyers who cannot afford the property. To be eligible you must:
The qualification confirms you are on track to be mortgage-ready within 12 months. The application process is thorough to ensure the scheme is right for you.
No. Each monthly payment builds the second 5% of your deposit. The payments accumulate over 12 months and are deducted from your final completion statement. You are building your own equity.
The reservation fee is £2,500, paid when your offer is accepted to take the property off the market. It is not an extra cost. It is deducted from your 5% deposit when you exchange contracts within 28 days of reservation.
During the licence year you cover standard occupancy costs, the same costs you would have living anywhere:
There are no additional scheme fees and there is no service charge for the first year.
Beyond your deposit and monthly contributions, the standard costs of buying a property apply, just as they would with any purchase:
Your solicitor and mortgage broker will confirm your exact figures. Independent legal and mortgage advice is recommended.
Around months 6 to 9, while you are living in the apartment. This gives you plenty of time to choose a suitable lender and put the right deal in place ahead of completion. Your record of consistent monthly payments also demonstrates payment discipline and affordability, which strengthens your application.
When your 12th payment completes, the accumulated second 5% is added to your original 5% and is deducted from your final completion statement. You then have 28 days to complete the purchase. You come out with a full 10% equity position and legal ownership of your home.
Yes. A 10% equity position already puts you in a significantly stronger mortgage position than a 5% buyer. If you are able to stretch your contributions further and reach 15% equity, the mortgage rates available to you improve again.
A licence to occupy is a legal agreement that grants permission from a property owner to another person, allowing them to occupy the property. Home Step allows you to live in the property once exchange of contracts has taken place while you build the second 5% in order to obtain a mortgage.
A selection of one and two bedroom apartments at Fulton & Fifth are available through the scheme, each with a private balcony and access to the development's amenities including a swimming pool, gym, cinema and golf simulator. Register your interest to receive current availability and pricing.
No. Home Step is a pilot scheme available exclusively at Fulton & Fifth, Wembley Park.
No. Registering is an expression of interest only. It does not commit you to a purchase and carries no financial obligation. A member of the team will be in touch with full scheme details and available apartments.
Register your interest
Register to receive full details of the Home Step scheme, available apartments at Fulton & Fifth, and your personalised deposit breakdown.
Registering is an expression of interest only. It does not commit you to a purchase and carries no financial obligation.
Thank you. A member of the Fulton & Fifth team will be in touch shortly with full scheme details and available apartments.
Subject to terms & conditions. The scheme is available on selected plots at Fulton & Fifth subject to availability at the time of enquiry. Applicants must meet affordability and pre reservation checks with a recommended financial advisor and be a first-time buyer who will be residing in the property to be eligible for the scheme. A £2,500 reservation fee applies to secure the property and the applicant must already be holding a 5% deposit at the time of reservation. Typical term for the scheme is 12 months. The seller reserves the right to withdraw or amend the scheme at any time. Arada London is authorised by the seller for the marketing and sale of Fulton & Fifth.
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