We are delighted to announce that we have won the “Best Use of a Government Scheme” award at the virtual First Time Buyer Readers’ Awards 2020 for our impressive Leon House development in Croydon. The incredible award recognises how Shared Ownership has helped first time buyers take their first step on the housing ladder.
Marking its 11th year, The First Time Buyer Readers’ Awards are one of the most acclaimed in the industry and celebrate the efforts made to help aspiring buyers onto the property ladder. Whether it be a housebuilder, housing provider or association, or a legal company, these prestigious awards ensure that the best in the business are recognised and rewarded for their hard work.
With that in mind, as an affordable housing provider, we are committed to providing top quality and accessible homes via Shared Ownership across the breadth of England, with an aim to become the leading private affordable housing provider in the country.
Shared Ownership at Leon House
We proudly won the “Best Use of a Government Scheme” for our dedication to helping buyers make the most of the Government’s popular Shared Ownership scheme at our Leon House development.
To explain, Shared Ownership is an alternative homebuying route that allows first-time buyers, and those who do not currently own a home, the opportunity to purchase a property at an affordable price.
The scheme works by offering buyers the opportunity to purchase a share of a property, otherwise known as the ‘share value’. At Leon House, this share value can vary between 25% and 75% of the purchase price and represents how much of the property is owned. A discounted rent is then paid on the share of the property not purchased.
Book your viewing at Leon House today
If Croydon’s thriving community and contemporary lifestyle appeal to you, why not book a viewing at Leon House? Perfectly positioned within walking distance to East Croydon station, local shops, and a supermarket, these stylish one and two bed apartments offer you a convenient base. Plus, with a dedicated concierge service, communal workspace, roof terrace, and private dining room, there are a number of benefits to living in this Shared Ownership development.
At Leon House, you can get on the property ladder with Shared Ownership from as little as £78,125 – that’s a 25% share. To secure your home at this price, you need a 5% deposit – £3,906. Furthermore, if after you have moved into the property you decide you want to own the property outright, you can increase the share you own up to 100% – something we call ‘staircasing’.