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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.

No more nightmare journeys home

According to TFL, demand for the underground in the evening and at night has increased by a whopping 70% since 2000, with an incredible half a million people using the service after 10pm on Fridays and Saturdays. It’s a good job then that London’s 24-hour tube service launched at the weekend, allowing commuters and night owls to use the underground throughout the night on selected lines.

The Victoria and Central lines are the first to offer a round-the-clock service, good news for existing residents and a draw for those looking to buy a London home with great transport links.

Ideally located to make the most of the new service, the homes at Park Heights, by Network Homes, are just a ten-minute walk from Stockwell station on the Victoria Line. The development comprises stylish one and two-bedroom apartments, all with balconies to enjoy extensive views of London; ideal for professionals working and socialising in the city centre. For further information on Park Heights call 0344 809 2026 or visit parkheightssw9.co.uk.

Similarly, Berkeley Homes’ Vista development on Queenstown Road is just over a mile from the tube services at Vauxhall on the Victoria Line. Vista also offers access to the adjacent Battersea Park and its green acres as well as sitting directly across the river from bustling Chelsea. For information on the one and two-bedroom apartments at Vista, call 0203 811 2012 or visit berkeleygroup.co.uk.

The Northern, Piccadilly and Jubilee Lines are set to follow suit in the autumn so check back for properties close by to those stops.

I spy… familiar names in First Time Buyer Magazine

Despite prolonged uncertainty for the property market and mortgage approvals following the referendum result, the first-time buyer market seems to be buzzing with activity. More mortgages were handed out to first-time buyers in June than in any other month since 2007, according to research by the Council of Mortgage Lenders. So why not pick up a copy of First Time Buyer magazine to see what great properties are available? We were delighted to spot a few familiar names in this month’s edition.

The Bureau in Colindale by Network Homes is a new collection of 33 one, two and three-bedroom apartments showcased in an article about Shared Ownership. These beautiful new apartments, due to launch in September, are located just a one minute walk from Colindale tube station on the Northern line, equipping residents with easy access to all the capital has to offer. Prices start at £73,750 based on a 25% share with a full market value of £295,000. For more information, call Network Homes on 0208 782 4213.

Aberfeldy Village by Prime Place, was featured in the column House Hunter, where First Time Buyer went on the hunt with Liam and Nick, a computer programmer and software engineer from East London looking to buy their first home together. Their requirements include one or two bedrooms, proximity to local amenities, and a garden or balcony. The Poplar development encompasses all of these and more. Prices from £364,995, available with help to buy. For more information, call Prime Place on 0207 515 1491.

Thames Valley Housing’s Woodbridge in Frimley, was featured in an article explaining the benefits of Help to Buy schemes. The development comprises a mix of refurbished and new one and two-bedroom apartments and four-bedroom houses, and is situated opposite Waitrose and near Frimley train station. Prices from £299,995 for a two-bedroom apartment, and £495,000 for a four-bedroom, end of terrace house with Help to Buy options available. For more information, please contact Thames Valley Housing on 01276 538 991.

Stunning sky garden the jewel in the crown for homeowner who swaps old for new at Park Heights, Stockwell

Matthew Lumb and Catherine Ross had been living together in Matthew’s Stockwell apartment for a number of years when they decided that it was time to buy their first home together.

So, the couple bought a two-bedroom apartment at Park Heights. Their apartment – purchased for £550,000 – is on the sixth floor and includes an en suite shower room to the master bedroom and a balcony.

“Buying this apartment makes practical sense in so many ways,” says Catherine, a copywriter for a large hotel chain. “I’ve now taken my first steps on the property ladder, and Matthew has upgraded to a smarter property and is now able to rent out his former apartment.”

Matthew’s previous apartment was in a block built over 70 years ago, so this time around he was drawn to the idea of moving into a newly built home.

“This apartment is much bigger and brighter than our old one as well as being much more economical to live in,” says Matthew, a freelance photographer. “We also don’t have to worry about repairs as everything is new.”

“It is very flash with all the latest mod cons – including touch screen ovens,” he continues. “Network has paid a lot of attention to detail and my apartment is finished to a really high standard.”

“We also love the fact that we are the first people to live in this apartment,” says Catherine.

The couple especially enjoy relaxing in the stunning residents’ sky garden on the 20th floor. “Since we moved in, we’ve been up there many times,” says Catherine. “It is tremendous – especially on a nice day or a warm evening when you can see for miles. It really is the cherry on the cake.”

Park Heights also has its own 24-hour concierge, which the couple find extremely useful. “The customer service is fantastic and it’s great to know that they will take care of deliveries,” says Matthew.

“Network Homes has obviously invested a lot in this regeneration and the area is really changing for the better as a result,” he adds. “Park Heights is a key part of that change: it is a very elegant building that’s totally transformed the look and feel of this part of Stockwell.”

A limited number of two-bedroom homes remain for sale at Park Heights, where prices now start at £675,000. For more information, contact selling agents Site Sales on 0344 809 2026.
Alternatively, visit: www.parkheightsSW9.co.uk

Metro and London Evening Standard take a fancy to Network Homes’ properties

Network Homes, formerly known as Network Living, has recently rebranded and is making a firm stance in the press showcasing what they do best – providing quality homes to create thriving communities.

Journalist Oliver Wadeson did an eye-catching piece on Kilburn Quarter in Metro’s Hard Hat feature ‘it’s Kilburn’s Night’, highlighting the £600-million regeneration project currently underway at South Kilburn. Network Homes is proudly building the latest phase, Kilburn Quarter, which will see 229 new homes designed by award-winning team architects Lifschutz Davidson Sandilands and Alison Brooks Architects due to complete in 2017.

It doesn’t end there, The Vista Collection – an exclusive collection of luxurious apartments in Stockwell – caught the eye of Evening Standard journalist David Spittles, who included the apartments for Smart Moves dubbing Stockwell as the new Clapham. These two-bedroom apartments boast a private balcony with panoramic views of the city and residents can also enjoy exclusive use of the sky garden on the 20th floor. Buyers can move in just in time for summer and be in the midst of the lively celebrations of music, art, food and culture taking place this summer in Brixton – one of London’s most vibrant districts. Brockwell Park, Brixton is just a 13 minute bus journey away and will be home to a number of festivals in June and July as well as the annual Lambeth Country Show on 16th and 17th July.

For more information about these developments, visit the Network Homes website, or call 0300 373 3000.

The three and four-bedroom shared ownership apartments at Network Homes’ London developments are transforming the lives of the capital’s families

Couple Gurpritam Singh & Jasbir Kaur (both 37) were in a quandary. They were keen to get on the property ladder and purchase a bigger home for their two children, but still have enough disposable income. However with high house prices, the couple didn’t want all their money going on mortgage repayments, nor did they want to keep throwing their money ‘down the drain’ on monthly rent.

“We wanted to get onto the property ladder and have somewhere we could call home, but we couldn’t find a solution that worked for us as a family,” says Gurpritam who works in a financial industry.

The couple then chanced upon the family-sized apartments available to purchase through shared ownership at Lime Walk, a landmark scheme of 81 apartments by Network Homes that is a key part of the wider regeneration of Wembley Park. 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. The apartment’s full market value was £445,714.

Whereas their previous monthly outgoings were £1,350 per month, the family now pay a total of approximately £1,307, comprising £575 mortgage repayment, £600 subsidised rent and £132 service charges. Importantly, it’s their home.

Finding appropriately sized accommodation at an affordable cost is becoming increasingly challenging for the capital’s families.

“Network Homes is absolutely focused on providing London’s families with generously-sized homes with attractive and secure outdoor space,” says Lisa Ley, Acting Sales and Marketing Director for Network Homes. “We are building three and four-bedroom shared ownership apartments at many of our developments, which offer families a chance to escape the private rental market and move into a truly lovely home. It can be a life-changing experience.”

“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.”

Shared ownership allows buyers to purchase a share of the property (25 to 75 per cent) and pay a reduced rent to Network Homes 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. Click here to find out more information about shared ownership.

 

Last chance to buy into the high life at The Vista Collection, Stockwell

With 80% now sold, it is the last chance to buy one of the few remaining two-bedroom apartments at The Vista Collection in Stockwell.

The Vista Collection is one of Network Living’s most exclusive collections to date, comprising luxurious apartments situated on the 15th to the 19th floors of Park Heights: an elegant white newly built tower, with distinctive solar shading in bronze and dark gold, which enjoys an attractive location right next to Slade Gardens and the Stockwell Park Conservation Area.

Each apartment has a large, private balcony offering residents breath-taking, panoramic views across the London skyline and a relaxing spot perfect for entertaining friends and family in the warmer weather. Residents also have exclusive use of the private Sky Garden – an incredible outdoor communal terrace on the 20th floor.

The spacious, 791 sq ft two-bedroom apartments feature an excellent internal specification including high gloss white kitchens, with complete matt glass splashbacks and fitted with first-class Siemens appliances to make cooking a pleasure. The chic bathrooms are thoroughly modern and underfloor heating runs throughout for maximum comfort.

The scheme is perfectly situated in Zone 2 and Brixton, one of London’s most vibrant centres, is less than a mile away. Aside from the amenities this prime South London location offers, Stockwell is also favoured for its excellent transport links. The apartments are equidistant from Brixton and Stockwell Underground stations, both of which are on the Victoria Line; Vauxhall station is just four minutes away, while the journey to Oxford Circus takes only 12 minutes.

Prices for one of the remaining two-bedroom apartments at The Vista Collection, Robsart Street, London, SW9 0BP start from £635,000. For more information contact selling agents Site Sales on: 0344 809 2026. Alternatively, visit: http://www.parkheightssw9.co.uk/vista/.

PHM celebrates the success of its inaugural social media training session

Social media has become increasingly widespread and important statistics from last year show that there are over 2.206 billion active social media users, which is a global penetration of 30%.

At PHM, we’ve always made sure that our expert property knowledge keeps up with the evolution of the online world and, as well as providing social media management services to over half of our PR clients, we have just launched our social media training sessions to help our clients become as well-versed as we are in this digital era!

Last week we were at Network Living HQ, where our Social Media Guru, Alex, provided a workshop for the marketing team on how to best utilise Facebook, LinkedIn, and Google, in order to reach customers and help their business grow.

Our social media training courses are tailored to the needs of the business, and include sections on:

  • Understanding your online business objectives
  • Bringing your business to life
  • The importance of monitoring and insights
  • Making direct contact with your customers and expanding your client base.

Research has shown that social media plays almost as big a role in purchasing decisions as does television, proving that successfully tapping into the social media market could have huge benefits for your business. If you’re looking to drive sales and improve your online presence with your very own social media training session, please contact Property House Marketing on 01483 561119 or e-mail danielle@housegroup.co.uk.

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