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Shared ownership success stories!

It’s Shared Ownership Week –an event organised to raise awareness of this great initiative, which helps thousands of people a year to get on the housing ladder. We thought we would take a look back at some of the happy residents that our housing association clients have homed recently.

Shared ownership enables buyers to purchase a share of a property – ranging from 25 to 75 per cent – and pay a discounted rent to the housing provider on the remainder. Just a five per cent deposit of the share purchased is required with buyers raising a mortgage for the rest. Over time, shared owners can buy more shares – a process known as staircasing – until they own 100 per cent of the property.

When Bunmi Odubanjo, 28 had to move back into her mums, she was determined to save money for a deposit on a new home through shared ownership. After searching on the internet Bunmi found exactly what she was looking for at Thames Valley Housing’s iconic development, The Serpentine, named for its elongated, curved shape. She was able to buy a 50% share in a two-bedroom apartment at The Serpentine worth £145,000 with a 5% deposit of £3,625.

Just over two years later, through sheer determination and a lot of sacrifices, she had saved up enough money to put down a deposit of £12,000 in order to secure a mortgage for the remaining 100%. Bunmi is now over the moon that the money she used to have to put away for the deposit, she is now able to spend time traveling again, which she hasn’t be able to do in years.

Thames Valley Housing offers shared ownership on a selection of schemes across London and the South East. For more information please visit: www.tvhsales.co.uk

Trapped in the familiar renter’s nightmare and having dismissed the possibility of being able to afford to buy in London, Peter Cumming (32) was delighted to find he could buy a two-bedroom apartment in desirable Islington in Zone 1 of the London travel network, thanks to Affinity Sutton’s shared ownership scheme. Peter purchased 25% of a two-bedroom apartment at The Lexicon – a stunning, 36-storey tower– paying just £181,250 (full market value £725,000), with a 10% deposit of £18,125.

“Shared ownership has given me stability and I now have a home I can call my own!” says Peter.

Prices at the Nine Elms development start from £113,750 for a 25% share (full market value £455,000). For more information contact 0300 100 0303 or take a look at the website: www.affinitysutton.com.

Earlier this year Gurpritam Singh and Jasbir Kaur (both 37) were able to start their climb on the property ladder and have somewhere to call home for their two children through shared ownership at Lime Walk, Wembly. Using part of their savings of £40,000 to put down a 25% deposit, the family bought a 35% share (valued at £156,000) of a three-bedroom, two-bathroom apartment at Lime Walk, a landmark scheme of 81 apartments by Network Homes. The apartment’s full market value was £445,714.

“Shared ownership has made the world of difference to our family,” says Gurpritam. “It’s such a relief to be in our own place; it’s brought stability to our lives. Now that we’ve decorated and made it our own, it really feels like home. We are very happy.”

All the homes at Lime Walk have now all sold. However, Network Homes has many homes for sale through shared ownership available, please visit https://www.networkhomes.org.uk or call 0300 373 3000 for more information.

Homes for Hipsters

Absolutely Fashion: Inside British Vogue, the documentary that was given unprecedented access inside the fur-filled fashion house for the first time in its history, aired last week on BBC2. The two part documentary, combined with Vogues 100-year birthday plus the upcoming London Fashion Week has had us thinking all things trendy. Fashion isn’t our forte, property is, so we’ve picked out a selection of affordable London homes in lively, trendy areas– perfect for hipsters and those who want style on a budget.

The Lexicon, by Affinity Sutton, is situated in City Road – just half a mile away from Islington’s trendy High Street with a host of independent boutiques and sought after high street brands. Over the past decade, around £1 billion has been invested in the area to create a ‘mini-Manhattan’. The apartment at The Lexicon comprises uninterrupted floor to ceiling views of London, a private spa and a 24-hour concierge service. It is easy to assume these new zone 1 apartments are something only Anna Wintour and Alexander Schulman could afford, but with shared ownership prices at this development start from as little as £113,750 for a 25% share (full market value £455,000).

For more information on The Lexicon, call Affinity Sutton on 0300 100 0303.

Stylist Magazine recently cited Brixton Village – near to Stockwell – as one of the coolest neighbourhoods around the world, due to its culinary renaissance; artisan coffee shops such as Federation Coffee and eateries like Honest Burger sit among the original Caribbean cookware stalls. The Junction in Stockwell, Network Homes’ new development, is in prime position to take advantage of all the area has to offer, including the on-trend weekly markets. The one and two-bedroom apartments available at The Junction each have their own patio, terrace or sunspace for residents, with the shared ownership scheme, these affordable new homes can be purchased with just a 5% deposit.

Prices start at £414,950 for more information, please call Network Homes on 0344 809 2026.

If you have a little more budget, Kensal Rise, is a new luxurious development from Prime Place. Packed with some of London’s best independent shops, restaurants and bars, it has a village-like atmosphere, so it’s no surprise that Vogue voted Chamberlayne Road as ‘the hippest street in Europe’. Kensal Rise is a collection of beautifully designed one and two-bedroom apartments and four-bedroom townhouses built around a new multi-million pound sports centre including a 25m swimming pool, spa and health suite and an eight-court sports hall.

Prices of the apartments at Prime Place, Kensal Rise start from £526,000. For more information on apartments at Kensal Rise call Prime Place on 020 7758 8487.

Cause for celebration at the National Housing Awards

Last Thursday was a successful day for Property House Marketing and our clients, Network Homes and Affinity Sutton, who between them picked up a hat trick of gongs at the National Housing Awards.

Hosted by Pointless presenter, Alexander Armstrong, the glittering awards ceremony was held at the Lancaster Hotel in London. Hundreds of guests were in attendance, including some of the UK’s biggest and most well-known housing associations, all hoping to bag an award.

The atmosphere was electric as the results were announced, especially at our table as we celebrated the victories for our clients. Affinity Sutton scooped Best Customer Care, and Electric House by Network Homes won Best Small Development – they also came out on top with the Overall Winner prize!

At Property House Marketing, we pride ourselves on our unparalleled awards writing. Our attention to detail is second to none and we produce award-winning, reputation-enhancing entries for our clients, highlighting key aspects of a development or property, an initiative or the company itself.

Over the next couple of months, there are more awards in store including the British Home Awards ceremony on Friday 14th October, as well as the What House? Awards ceremony on Friday 18th November when we hope to celebrate more success with our clients.

If you’ve worked on a project for which you are particularly proud and would like to shout about it, please call us on 01483 561119.

Affinity Sutton helps Peter Cumming out of his ‘renting rut’!

Did you see the lovely Peter in Tuesday’s Metro? We got a full page for our client, Affinity Sutton, after he agreed to tell us his story.

Trapped in the familiar renter’s nightmare and having dismissed the possibility of being able to afford to buy in London, Peter Cumming (32) was delighted to find he could buy a two-bedroom apartment in desirable Islington in Zone 1 of the London travel network, thanks to Affinity Sutton’s shared ownership scheme.

Shared ownership enables buyers to purchase a share of the property (25% to 75%) and pay a reduced rent to Affinity Sutton on the remainder. Residents have the opportunity to buy more shares – a process known as staircasing – at a later stage, until they own 100 per cent of their home.

“Living in London it’s pretty hard to get on the property ladder so when my friend told me about The Fable Apartments at The Lexicon, I assumed I wouldn’t be able to afford it. However thanks to Affinity Sutton I realised it was achievable,” Peter says.

Peter purchased 25% of a two-bedroom apartment at The Lexicon – a stunning, 36-storey tower designed by world-renowned architects Skidmore Owings & Merrill (SOM) – paying just £181,250 (full market value £725,000), with a 10% deposit of £18,125.

The move made perfect financial sense. Thanks to shared ownership and the rent Peter receives from his lodger, his monthly outgoings are now less than the monthly rent payments he made at his previous home – a three-bedroom apartment he shared with friends in Clapham.

“Shared ownership has given me stability and I now have a home I can call my own!” says Peter.

All of the homes at The Fable Apartments at The Lexicon are now sold, however Affinity Sutton offers a range of shared ownership developments throughout London and the South. For more information contact 0300 100 0303, email sales@affinitysutton.com or take a look at the website: www.affinitysutton.com.

Be part of the remarkable regeneration of Nine Elms: Purchase a new apartment at Nine Elms Point with a deposit of as little as £5,688

Nine Elms is one of Europe’s biggest regeneration zones and, when complete, will deliver a vibrant and ultra-modern destination in Central London. With average prices of a one-bedroom apartment now reaching £546,271, many aspiring homeowners might have dismissed the idea of living in Central London. However, through shared ownership, owning a home in this desirable area is much more achievable.

Leading affordable housing provider, Affinity Sutton, has launched a collection of contemporary one-bedroom apartments at Nine Elms Point, which require a deposit of as little as £5,688 when bought through shared ownership. A selection of two and three-bedroom apartments will also be available soon.

The development will comprise 52 apartments available to purchase through shared ownership whereby buyers purchase a share of the property (25 to 75%) and pay a reduced rent to Affinity Sutton on the remainder. Residents have the opportunity to buy more shares – a process known as staircasing – at a later stage, until they own 100 per cent of their home.

Each apartment has been designed to suit a range of buyers from singles or couples to young families. All of the homes feature private outside space and residents can also enjoy a communal ‘podium’ garden.

Combining culture and convenience, Nine Elms is already home to a range of amenities with more shops, bars, restaurants and art galleries to come. Battersea Park is a 20-minute walk away and there will also be a new public linear park – influenced by New York’s High Line – which will stretch from one end of the regeneration district to the other.

Vauxhall Station is just a five-minute walk away, and, for those travelling further afield, Heathrow and London City airport can be reached in under an hour by car.

The future Nine Elms underground station is due to be complete in 2020 along with a flagship Sainsbury’s store which will be right on the doorstep of Nine Elms Point.

For families, London offers some of the best schools in the world including three top universities which are located within a 3.2-mile radius of Nine Elms Point – London School of Economics, Imperial College and King’s College London.

Prices for a one-bedroom apartment start from £113,750 for a 25% share (full market value £455,000) with a required deposit £5,688.

Prices for the two-bedroom apartments will start from £161,250 for a 25% share (full market value £645,000) with a required deposit of £8,063. Three-bedroom apartments will start from £225,000 for a 25% share (full market value £900,000) with a required deposit of £11,250.

For more information please contact Affinity Sutton on 0300 100 0303 or email: sales@affinitysutton.com. Information on all Affinity Sutton developments is available on the website: www.affinitysutton.com.

For first-time buyers, Affinity Sutton is right on the button

Following the news this week that Londoners will need an annual salary of £106k by 2020 to buy a home in London, the First Time Buyer Home Show this Saturday 15th April could not be more timely.

Gaining a foot on the property ladder in the capital and the South East is becoming increasingly difficult, but the exhibition held at Fairfield Hall in Croydon will serve as a fantastic opportunity to meet and greet housing associations, developers, mortgage advisors and solicitors to find out how to buy your first home in this expensive corner of the UK.

If you’ve already got your free ticket sorted make sure you say hello to our client, Affinity Sutton, on the day. The sales team will be on hand to tell you how buying through shared ownership could really help you afford a home in London or the South East. But if you can’t quite make it tomorrow, than we’ve put together the ‘fantastic four’, developments by Affinity Sutton, which all only require a deposit of under £10k if buying through shared ownership.

Ready for occupation this summer, Nine Elms Point by Affinity Sutton, near Battersea and the Thames, will comprise 52 one, two and three-bedroom apartments. Guide prices are expected to start from £113,750 for a 25% share of a one-bedroom apartment (full market value £455,000). Apartments can be purchased with just a 5% deposit – that’s under £6,000.

Spectrum SE12 offers nine, two-bedroom apartments, featuring quality-fitted kitchens and private patios/balconies designed to suit a modern lifestyle. Prices for the Lewisham homes start from £90,500 for a 25% share (full purchase price £362,500). Buyers will need a 5% deposit of just £4,525 and have a minimum salary of £47,000 if purchasing alone or £51,000 if purchasing jointly.

The Meridian, Lewisham, comprises three, three-bedroom terraced houses featuring quality-fitted kitchens and a private front and rear gardens. Prices for the houses start from £133,750 for a 25% share (full purchase price £535,000). Buyers will need a 5% deposit of just £6,688. They must also have a minimum salary of £68,000 if purchasing alone or £72,000 if purchasing jointly.

The sprawling, eco-friendly Graylingwell Park in Chichester, built in conjunction with Linden Homes and the HCA, offers a selection of refurbished one-bedroom apartments with prices starting from £42,500 for a 25% share (full purchase price from £170,000). Buyers will pay approximately £258 per month in subsidised rent and only need a 5% deposit to buy one of these homes (£2,125).

For more information on any of these homes, contact Affinity Sutton on 0300 100 0303. To get a last-minute ticket to the First Time Buyer Home Show click here.

World Health Day has us thinking of places to stay happy and healthy

Thursday was World Health Day, an awareness day organised by the World Health Organisation to draw worldwide attention to global health, which has got us thinking about ways in which we can change our own lifestyle choices in order to stay as happy and healthy as possible.

For those of you who might have been doing the same (perhaps you are considering moving to a place that allows you to be more active or you are re-evaluating the way in which you work, and where you work, in order to improve your work/life balance) we thought we’d highlight two of our clients that promote and celebrate good health.

Graylingwell Park in Chichester, by Linden Homes, Affinity Sutton & HCA, is a great example of a development which offers a range of facilities and amenities to keep residents fit and healthy, such as:

  • 85 acres of beautiful parkland to explore – perfect for dog walking, jogging or playing sports
  • ‘The Lodge’ – an on-site cabin, which is host to regular yoga and dance classes
  • A communal grow garden where residents can grow organic fruit & vegetables
  • Dedicated cycle routes to key local areas to promote a healthier lifestyle.

On top of that, Graylingwell Park is one of the largest carbon-neutral developments in the UK, so it also ticks the box for those who also want to live in an environment that’s healthy too.

Graylingwell Park is just under a mile from the city centre and less than ten miles from the alluring South Coast. A diverse range of eco-friendly homes are priced from just £280,000 (available with Help to Buy). To arrange a visit to the show homes, contact Linden Homes on 01243 781494. For more information about buying a home through shared ownership, call Affinity Sutton on 0300 100 0303.

While it may be easy enough to stay healthy at home, staying healthy at work could prove to be a tad trickier.

Fetcham Park, a Grade II* Listed building of serviced offices, keeps employees happy and healthy, through an exciting range of services, such as:

  • Personal training sessions by The Health Quest
  • Yoga lessons by Yaur Yoga
  • Bespoke catering by Two Many Cooks, who will even make your dinner for you to take home
  • Health-conscious furniture, including height-adjustable desks and ergonomic desk chairs.

To find out the other perks of Fetcham Park, read our blog about employee motivation, or call Fetcham Park on 01372 371000.

PHM once again scores a hat trick of coverage in Metro

Willmott Dixon’s private residential arm enjoys prime place on the first page of the property section today with the news that its plans for 648 one to three-bedroom apartments and a new football stadium for Brentford FC, have been approved.

This new development – which will be home to the team known locally as the Bees – is already creating quite a buzz in the area with the proposed mix of apartments to rent or buy set to offer “high quality hotel-style living” and “substantial improvements to the public realm”.

Cross to the other side of London and Affinity Sutton is getting loads of press coverage for its shared ownership homes in Lewisham including a mention of Tanners Hill and Spectrum in Metro’s ‘Launch Pad’ column.

Last but by no means least Berkeley Homes (West London)’s Queenshurst development was mentioned in a feature headlined “Developments step on the gas”, which explored the trend of housebuilders converting former gasholders. The scheme, in Kingston-upon-Thames will feature a new garden square, linear park, and 315 sustainable apartments, ranging from compact studios to three-bedroom properties.