AFFORDABLE HOMES
YOUR DREAM HOME
At SOWN, we say,“Your dream home may surprise you” because our customers are often amazed at what they can buy through shared ownership. With the opportunity to buy a property of a higher value than would have been possible on the open market, customers find that they can get more than they had hoped for – whether it’s a balcony, an extra bedroom or a better location
Rowan Wood
between the surrounding neighbourhoods of Hornsey,Wood Green and Alexandra Park, which offer a variety of convenient transport connections. Another popular scheme is Ferry Island North Heart of Hale, located just moments from Tottenham Hale station. Designed by Pollard Thomas Edwards, these homes have everything you could want within walking distance. They’re based around modern stylish piazzas filled with cafes, shops, bars, gyms and an Everyman cinema. But your dream home may be something different, such as a house or apartment in the countryside or a pre-owned shared ownership home in an established residential community. There is something out there for everyone. These examples, and many more, are available to buy through shared ownership. Take a look at the SOWN website and you’ll see the wide range that is available to you. We don’t just market newly built schemes, we also fulfil the important role of overseeing the sales of properties when their owners choose to move on. Because it is important that homes sold as shared ownership remain available as shared ownership, we work with housing
associations on resales as well as sales, matching up future first time buyers with their dream home, whatever that might be. Shared ownership has never been so popular. Why? Because with shared ownership you can buy sooner, with reduced upfront costs and good mortgage deals. Because with shared ownership you can avoid sky-high rents. Because with shared ownership you can increase your ownership shares at your own pace. And because with shared ownership you can own your dream home sooner than you might have thought possible. So visit the SOWN website today to find out what’s available in your area. As part of Leaders Romans Group, we can provide you with access to surveyors, legal services and our specialist mortgage adviser, Mortgage Scout. We’ll be there for you throughout the journey until that dream of picking up the keys to your first home becomes a reality. We would be delighted to help you find your dream home, whatever it is that you are looking for. And if you decide to sell later down the line, we can help you with that too!
The simple fact is that when you buy a shared ownership home, you’ll buy between 10% and 75% of the home’s full market value and pay rent on the outstanding proportion. But over time, you’ll probably choose to increase, or “staircase” your ownership. One step at a time (like walking up a staircase), you can purchase further shares in the property until you achieve full ownership (reach the top of the staircase). So you can buy your dream home sooner than you would have done otherwise. Something else that surprises our customers is the range of properties available to them. Is your dream home a brand new modern apartment in a purpose-built city scheme, in a community of like-minded young professionals? This is probably the traditional image of shared ownership, and it’s certainly true of several of the schemes that we’re currently marketing. One example is Clarendon on Hornsey High Street in the heart of north London. As a “cultural quarter”, Clarendon will include beautifully landscaped gardens, as well as extensive business, retail and community spaces. It will include a central boulevard to significantly improve connectivity
sown.co.uk
40 First Time Buyer February/March 2024
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