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Download IslingtonLife - Islington Council

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News Your home<br />

www.islington.gov.uk/housing<br />

Want to get a foot on the housing ladder in <strong>Islington</strong>?<br />

Our part-buy, part-rent scheme could be for you.<br />

We have a range of 1-bedroomed properties available<br />

in the N1, EC1V, N5, N7 and N19 areas. If you<br />

• live, work or have relatives in <strong>Islington</strong><br />

• have a joint household income up to £60,000 or<br />

• earn up to £55,000 if you are buying on your own.<br />

We would like to hear from you now!<br />

Contact us<br />

T 020 7527 7809<br />

E housingdirectsharedownership@islington.org.uk<br />

W www.islington.gov.uk/housing<br />

Sample property<br />

One double bedroom, first floor apartment<br />

in N1.<br />

Sample costs:<br />

Full value: £250,000.00<br />

Price to you (based on 40% share): £100,000.00<br />

Estimated monthly mortgage: £565.36*<br />

Monthly rent: £343.75<br />

Monthly service charge: £72.00<br />

Total estimated cost: £981.11<br />

* You should obtain your own mortgage. The above is an example only<br />

and is based on 25 years repayment period at 5.4%. We recommend<br />

a minimum household income of £24,000.<br />

Hanna, a recent happy customer of the shared ownership scheme said:<br />

“The staff were very helpful, buying a property is very stressful but <strong>Islington</strong> <strong>Council</strong> were able to deal with all my queries<br />

promptly. Within two months of accepting the offer I became a home owner. I would recommend the Shared Ownership<br />

Scheme to anyone wanting to get on the property ladder as the properties on offer are definitely value for money.”<br />

Plans for new<br />

housing in N7<br />

We have just launched a consultation<br />

on our early ideas to redevelop the<br />

derelict Bramber House site on the<br />

Lower Hilldrop Estate. These include<br />

providing:<br />

much-needed new council<br />

housing which will be offered first<br />

to local people<br />

better open space and more green<br />

areas on the estate<br />

a new library to replace the John<br />

Barnes Library. We will provide a<br />

temporary library while work is<br />

underway.<br />

Housing information<br />

– website changes<br />

Now that housing services have<br />

reintegrated into the council, the<br />

Homes for <strong>Islington</strong> website is no longer<br />

available. Most of the content from it<br />

has moved to the housing section of<br />

the council’s website.<br />

Visit www.islington.gov.uk/housing<br />

Find out more<br />

There are full details and a feedback form on our website at<br />

www.islington.gov.uk/consultations and a display in the<br />

John Barnes Library. The deadline for feedback is 20 December.<br />

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