Angel Oak Point: new affordable housing in Croydon

ccha is pleased to announce its latest development in Croydon, Angel Oak Point. This stunning scheme offers 1, 2 and 3-bedroom homes to the local community for London Affordable Rent, London Living Rent and Shared Ownership. 

The scheme on Sheldon Street is a contemporary home, built to reflect the urban lifestyle and setting, close to public transport and with a vast array of activities to choose from nearby. Each apartment features a balcony or patio space, and the site provides ample cycle storage. 

As well as providing homes, this scheme now accommodates the ccha offices on the ground floor and basement. This new space helps provide value for money, allowing it to put more into the services provided to residents, while also staying close to its residents and the community. 

The name, inspired by a quote from the Bishop of Croydon, represents a huge oak tree with a long life span, and ccha hopes that the new residents of Angel Oak will put down their own roots and lead long and happy lives here. 

The opening ceremony held on 18 April 2023 brought together new residents, ccha staff, the chair of the Board as well as local contractors, community figures and councillors. 

Tracy Cullen, Chief Executive at ccha, reflects on this development and looks towards the future: “I am so proud to be able to deliver another great scheme of 23 homes for our local community in Croydon. Thank you to the staff involved and all of our development partners who have supported us throughout and to the Greater London Authority for providing us with grant funding. With their help, we hope to continue to grow and provide more homes in the communities in which we serve.” 

There are now just two apartments available at Angel Oak Point for Shared Ownership and ccha hopes to start development of its next project in 2024. 

You can find out more on our homes for sale page.

 

The Government has recently announced changes to Stamp Duty in the mini-budget.

They have cut Stamp Duty Land Tax which affects buyers across England and Northern Ireland by increasing the amount a purchaser can pay before being required to pay the tax.

Share To Buy has written an article about the changes and how it will affect first-time buyers and those buying through shared ownership.

Read the Share To Buy article here.

 

House prices are always increasing, making it harder for first-time buyers to get on the property ladder. Our homeownership brand, nuviva, was launched in 2020 to help provide information and get local residents onto the property ladder through affordable home ownership. We spoke to Lauren from Red Loft, our sales consultants, to find out how you can get on the property ladder with limited funds or salary.

Q. How do Red Loft and nuviva work together?

A. Red Loft are the sales consultants for ccha and nuviva. We support ccha in marketing new developments, taking potential buyers from the viewing and buying process to the end when they move in.

Q. What affordable options are there for residents wanting to get on the property ladder?

A. Affordable options include London Living Rent, Shared Ownership and Help to Buy, which all offer alternatives when your deposit and/or income is lower than required to purchase outright on the open market.

You can find out more about each option on the nuviva information page.

Q. Can you tell us a bit more about London Living Rent? How does that work?

A. London Living Rent homes are for households who currently rent and want to build up savings to buy a home in the future. This can be either through shared ownership or outright purchase. The homes will be offered on tenancies of a minimum of three years but can be extended to a maximum of ten years. Residents will be supported to save and given the option to buy their home on a shared ownership basis during their tenancy. They will also be given extra priority for other shared ownership homes across London.

Q. And, how about Shared Ownership?

A. Shared Ownership is an affordable home ownership scheme which makes it easier for first-time buyers to get on the property ladder. Buyers purchase a share of a property, anything between 25%-75%, and pay a subsidised rent on the remaining share. As your circumstances change, you can purchase more shares in the property (known as staircasing) or sell your share and move on to a new home. Shared Ownership has helped thousands of first-time buyers onto the property ladder throughout England for over 40 years.

Q. If our residents have a deposit saved up and aren’t eligible for London Living Rent or Shared Ownership, what other options do they have?

A. Help to Buy is an alternative to Shared Ownership. Help to Buy is a Government scheme designed to make buying a home more affordable for first-time buyers. With a Help to Buy: Equity Loan, the Government will lend first-time buyers in London up to 40% of the price of the property they want to purchase. There is no interest to pay on the loan for the first five years.

Q. And who do residents speak to if they need advice on mortgages or their buying options?

A. If you want to learn more about your buying options, the benefits of Shared Ownership, or are interested in purchasing a home, Red Loft are more than happy to help. Red Loft can recommend an independent financial advisor who can talk through your mortgage options and determine what is affordable for you. You can call Red Loft on 0207 539 3745 or email [email protected].

Q. What do prospective buyers need to consider when house shopping? Are there any extra costs involved?

A. When buying a Shared Ownership home, you will need to put down a deposit. This is the amount you pay towards the cost of the share you are buying at the time of purchase. The amount required for a deposit will vary from property to property, but the typical Shared Ownership deposit is 5% or 10% of the share you are purchasing. We also recommend having between £3,000 and £5,000 available to cover all the moving fees and costs, including the solicitors and broker fees.

Q. Thanks, Lauren. Any other tips for our residents?

A. To help the mortgage process go as quickly as possible, getting your supporting documentation ready in advance of your application is a good idea.

If you’d like to find out more, please visit our Information Page, where you can read more about each scheme and your eligibility.

We’re excited to announce that the Angel-Oak point show home is now available for viewing!

Angel Oak Point offers stylish, 1, 2 and 3 bedroom apartments at affordable prices, in an excellent location. Found just over 10 minutes from East Croydon station by foot, you will be surrounded by a high number of amenities and surrounding greenery.

To find out more, visit our Homes for Sale page.
Want to take a look yourself? View the virtual tour or register your interest to book a viewing.

We are excited to launch the show home at Millen Court! Millen Court in Purley provides a brand-new collection of 12 stylish 1 & 2 bedroom shared ownership apartments.

To find out more, visit our Homes for Sale page.

Want to take a look yourself? View the virtual tour here or register your interest to book a viewing.

Would you like to take a tour of our new development? The show home for ‘The Wollaston Collection’ is now available to view in person and online!

The Wollaston Collection offers luxury 2-bedroom apartments in Bromley, available for Shared Ownership, Help to Buy and London Living Rent. All apartments feature open-plan living areas, contemporary kitchens with integrated appliances, modern bathrooms, and allocated parking.

Our show home demonstrates what you can do with the space in these beautiful apartments. Can’t visit in person? We have virtual tour you can view online. You can also view the brochure here.

If you’re interested in attending a viewing, or would like to register your interest, email [email protected] or call 0207 539 3745. Our Sales Consultants, Red Loft, will be able to answer any questions and get you booked in.

Since launching our new brand in 2020, we have been working hard to develop the website to accompany it: www.nuviva.co.uk.

Who are nuviva?

nuviva was launched in 2020 and was created to market ccha’s home ownership properties and to help residents onto the property ladder. Our homes will be available through Shared Ownership, London Living Rent and Help to Buy and available to local people, including our current residents.

We are working closely with our Sales Consultants, Red Loft, to provide a great service to customers buying or renting through ccha.

Why a new website?

We hope the website will be a hub of information you can access if you are looking to get on the property ladder. You can find out more about affordable home buying options here.

Interested in getting on the property ladder?

Visit our Homes for Sale page and register your interest for our properties. Our Sales Consultants, Red Loft, will then be in contact with more information.

Have any other questions?

You can contact us at nuviva & ccha by emailing [email protected] or by calling 0208 633 8731 to speak to our Sales & Marketing Team.

If you’d like to contact Red Loft directly about buying or renting a property, you can email them on [email protected] or call 0207 539 3745.

We are pleased to introduce ccha’s latest housing development Woodford Court which was completed on 2nd February 2021. Located in South Croydon, this exciting new development offers Nine 1-3-bedroom apartments to local residents. These apartments are available through London Living Rent which allows residents to save towards a deposit and gives them the opportunity to buy their properties during the tenancy.

Just a stone’s throw from ccha’s neighbouring development, Simpson Court, the new apartments overlooking the popular Pampisford Road are the first London Living Rent homes developed by ccha.

Woodford Court’s namesake is dedicated to a longstanding staff member of ccha, Samantha Richardson, who sadly passed away in November 2017. Samantha was fondly regarded by both her colleagues and residents alike and is sorely missed.

All apartments have now been reserved and we look forward to welcoming our new residents soon.

Our upcoming housing development in Bromley will provide a further 3 homes for London Living Rent. For more information on our upcoming developments, click here or more more information on London Living Rent, please click here.

At ccha, we continuously strive to improve our services and the experiences our residents receive from us.

In April 2020, we unveiled our new vision of ‘Delivering on our promises’ and through the development of our corporate business plan, our strategic goals over the next five years have been set in order to help us achieve this.

We are excited to share our priorities for the coming years and by delivering this information through our new digital platform, we will be able to update you on a yearly basis.

Through a widespread consultation programme carried out in 2019, residents told us what they wanted us to focus on, and we have split these priorities in to five objectives:

1. We will have a service which is shaped by our residents for our resident
2. We will be an employer and partner of choice
3. We will have an exemplary record of safety
4. We will be resourceful and innovative to deliver an increased programme of genuinely affordable quality homes
5. We will deliver a high-quality service with no increase in costs

Tracy Cullen, the Chief Executive of ccha explains our focuses over the coming years. Click here to watch the video.

You can access the new Corporate Business Plan here.

Make sure you are signed up to our email list to receive future updates about our Corporate Business Plan. Sign up here.

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