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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