Shared ownership at Woodside Square

Shared ownership at Woodside Square

Applying

Shared ownership properties at Woodside Square are allocated based on set criteria. The information below will give you an indication on whether you would be eligible. If you think you are eligible and would like to complete our application form, please email your details to development.services@hanover.org.uk or speak to a member of our Sales Services team on 01480 223179.

The properties

There are 13 shared ownership properties at Woodside Square. Nine are age restricted (55 and over) and four are non-age restricted.

Only age restricted (55 and over) properties are now available.

A mixture of one and two bedroom apartments are available. The apartments have been designed with quality fixtures and fittings for those wishing to enjoy modern living in a secure and managed environment. Each apartment is carefully finished, bright and spacious, and benefits from private terraces or balconies. Properties have been built to ensure energy efficiency and lower living costs.

Facilities

All residents at the development will benefit from an on-site development management team with concierge facility provided by us, Hanover. As a not-for-profit organisation we put our customers first and are here for the long term. This means you can rely on our advice and services, and our continuing commitment to high standards of maintenance and quality in managing your property.  

Eligibility criteria

Priority for the shared ownership properties has been defined by Haringey Council, so interested applicants must pre-qualify as below.

Age restricted (55 and over) priority criteria

Applicants must be 55 or over and also meet at least one of the following priority criteria:

1.    Tenants who are existing tenants of Homes for Haringey
2.    Armed forces personnel
3.    Clients on the Haringey Housing Register in the following priority:
       a)  Haringey Homeless Households
       b)  Overcrowded households in Haringey
       c)  Vulnerable households in Haringey
       d)  Households that can demonstrate a local connection by having
            resided in the borough for a minimum period of 6 months
4.    Any person who meets the Regulator's eligibility criteria through the
       Home Buy Agent
5.    First time buyers

Any applicant’s total household income needs to be no more than £71,000 per annum for one and two bedroom homes.

Prices

The age restricted (55 and over) properties are set at either a 75% share or 50% share to purchase. No rent is payable on 25% of the property that Hanover retains: it is simply a way to make the property more affordable. If purchasing a 50% share, rent would be payable on the additional unowned 25%.  Prices for a one bedroom start at £262,500 and for a two bedroom start at £342,500.

Costs

Service charges are payable monthly and are based on the square footage of your property. These are approximately £150 for a one bed and £200 for a two bed.

Ground rent is payable annually and is set at £350 for a one bedroom and £500 for a two bedroom.

 

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