Equity Gains Allow Family to Upsize without Spending a Penny


Homeowners who got onto the property ladder in the years following the 2010s are now reaping the rewards of a decade and a half of house price growth, and many are now finding themselves with pockets of equity to fund future house moves. One such case is fourth-stepper Natalie Perry who built up a quarter of a million pounds in equity by buying and selling her home at the right time. The equity enabled her to upsize into a three-bedroom townhouse at David Wilson Homes’ The Poppies in Maidstone without taking on any extra debt.

Timing the market right was key to unlocking Natalie’s purchase at The Poppies. Having bought her home in Longfield, Kent eight years ago for £330,000, she sold it in late 2023 for £580,000, walking away with an immediate net gain of £250,000.  “I couldn’t believe how much equity I’d built in less than a decade, which I transferred straight into the new house. The bank let me port my mortgage too, so combined with my profits from the sale, I didn’t need to take on any additional debt. Being able to keep my current mortgage agreement was a real godsend as I’m still on a 1.25% rate for another year – that decision alone has saved me hundreds of pounds each month.” Natalie says. She purchased a Hertford, which is currently on the market for £534,995.

Natalie’s move was facilitated by David Wilson Kent’s Movemaker scheme, which sees the housebuilder manage the sale of the previous property alongside the purchase of the new home, meaning Natalie had no estate agent fees to pay. “It was just another check in the box for me, and made the move even easier to handle. I sold the property in October 2023, and had exchanged on my new home by December.”

The decision to move was motivated by changes to her growing family, including a boomerang daughter who had recently moved back home to save. “The family dynamic was changing fast – my 26-year-old daughter had just returned home, and the youngest is about to apply to Mid-Kent Maidstone College. Suddenly our ‘forever home’ didn’t feel quite so forever!” Says Natalie, who works as a Sales and Marketing Director for Barratt David Wilson Homes. “We all needed a bit more space, and I knew about The Poppies, having done a bit of work on the scheme, and a plot came up that I just couldn’t say no to. The new house is set across three storeys, meaning the girls have the entire top floor to themselves with a private bathroom, and I finally have my own utility room, along with dressing area and a garage. I had expected to be downsizing, but with a teenager and grown up daughter in the house, the extra space is essential!”

William Walsh, Managing Director for David Wilson Kent, comments: “The upward trajectory of house prices over the last two decades has led to a growing trend of homeowners cashing in on their equity to fund their next home purchase. Natalie’s home purchase mirrors a pattern of third and even fourth-steppers, many of whom have adult kids at home, and still have a mortgage to pay. These individuals got onto the property ladder as early as possible, simultaneously building up equity in their homes whilst paying down the mortgage, ultimately funding a size upwards, rather than down.”

Once complete, The Poppies will be home to a pedestrianised woodland boulevard – perfect for walking the family dog, Rodney. “It’s such a quiet and safe location, and though we’re nearby to the M20 and railway station, the development itself is very peaceful. Rodney loves watching the squirrels in the trees at the bottom of the garden!” Natalie adds.

Located just outside of Maidstone, The Poppies is minutes from the M20 linking to the eastern coast, and the London orbital motorway to the west. Maidstone town centre is just a 12-minute drive away, while nearby are a number of major supermarkets, Maidstone Hospital and the local train station.

David Wilson Kent is building a collection of three and four-bedroom houses at The Poppies, with prices starting from £399,995 for a three-bedroom home.

For more information on the development, please visit www.dwh.co.uk or call 0333 920 8922.

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