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WINNER - NHA 2016 - Best Large Development Highly Commended - NHA 2016 - Best Regeneration Project United Kingdom Property Awards - Best Development Marketing London 2016-2017

Hyde New Homes News

Hyde wins top award at the Housing Innovation Awards 2017

We are pleased to announce that the Hyde Group won the prestigious award “Most Innovative Regeneration Scheme ” for the Packington Estate Development at the Housing Innovation Awards 2017 on 8 February.

The industry recognised Housing Innovation Awards, now in their sixth year, celebrate everything innovative in the housing sector.

The Hyde Group worked with Rydon and Pollard Thomas Edwards architects on the project, developing 791 homes to replace the 538 originally on the site. The Packington Estate is seen as a shining example of estate regeneration with its tenure-blind apartments, a focus on family housing, its location of social-rented units by the canal, and careful integration into its heritage surroundings. 

Hyde Wins Top UK Award at the International Property Awards 2016

We are proud to announce that The Hyde Group have won the coveted award “Best Development Marketing for the UK” at the 2016 International Property Awards, for Spring at New Stonebridge Park. This follows on from our success at the UK Property Awards in October 2016 where we won “Best Development Marketing in London” for the development. We then advanced on to the international rounds, where we competed against developers from all regions to win the award for the UK category. Spring at New Stonebridge Park is the £47.1 million mixed tenure development in North West London, which delivers high quality housing and a range of outstanding community facilities.

The International Property Awards are one of the largest, most prestigious, and widely recognised property awards. They are judged by an independent panel of 70 industry experts and chaired by Lord Caithness, Lord Best, and Lord Liverpool.

Spring at New Stonebridge Park consists of 164 blind tenure homes, including 39 shared ownership apartments, 55 outright sale homes and 70 affordable rent as well as community facilities. It forms part of a wider £225 million regeneration scheme, which has transformed a notorious, run-down London housing estate into a vibrant, sustainable area.

If your financial situation has changed and you can afford to buy a further share in your home and you would prefer to pay less rent to Hyde, then staircasing could be for you.

Buying a greater proportion of your home has a number of benefits:

  • You reduce the amount of rent you pay to Hyde.
  • When you decide to sell your home, the more you own, the more profit you will make if the value increases.
  • Once you own your property outright you can sell your property on the open market, through an Estate Agent.
  • If you staircase and own your property outright, you can sell your home to anyone interested in buying it and not restricted to those that meet the criteria for shared ownership.

Under the terms of your shared ownership lease, you are responsible for the cost of the valuation on staircasing sales.  For the month of December 2016 only should you instruct us to buy more shares in your home and go on to complete the sale, Hyde will pay for the valuation fee.  This will be reimbursed to you on completion of your sale.

Hyde New Homes have a specialist Resale Team to advise you from your initial enquiry through to completion of the staircasing sale.  If you would like further information on staircasing please contact us on 0345 606 1221 or email us at resales@hydenewhomes.co.uk

At Hyde, we recognise that as London house prices continue to rise disproportionally to incomes, many shared owners will find it difficult to purchase their second home and move into full home ownership.  We are aware that some of you may wish to move on due to individual circumstances and Hyde is therefore introducing Second Steps; a Do-it-Yourself Shared Ownership scheme aimed at our existing shared owners in London.  The Hyde Group and the Greater London Authority (GLA) are working together to help you buy a home from the open market, on a shared ownership basis and we have a limited amount of funding from the GLA to deliver this pilot scheme.  

Subject to eligibility and a financial assessment, applicants can purchase a share in a house in any London Borough up to a maximum value of £395,000.  This provides you with the opportunity to move on and buy a house suitable to your current need still on an affordable shared ownership basis.  At the same time as buying a home via Second Steps, Hyde will market and sell your property to another first time buyer eligible for shared ownership.  You will be able to use the equity from the sale of your existing home to fund the purchase of your new Second Steps property.

If the Second Steps product proves extremely popular, priority will be given to customers seeking to move due to overcrowding.

If you want to move but thought it was out of reach and if this exciting opportunity is of interest, please read the eligibility criteria set out in our Second Steps Guide at www.hydenewhomes.co.uk and if you meet the stated eligibility terms, please complete the online application form and register your interest.

Hyde wins top accolade at UK Property Awards

The Hyde Group has scooped one of most prestigious awards in the property industry at the UK Property Awards 2016-2017 held at the Marriott Hotel, London on 28 October 2016.

Hyde competed with the best property professionals across the UK to achieve the acclaimed Five Star Award in the category ’Best Development Marketing London’ for Spring  at New Stonebridge Park,  the £47.1 million mixed tenure development in North West London, which delivers high quality housing and a range of outstanding community facilities.

“We’re delighted to have received this award, especially considering it is on a global scale. It really is the cherry on the cake to receive this second award in as many months for Spring at New Stonebridge Park.

“We’re proud to be providing much needed housing in a London Zone 3 area, and it is a fantastic reward for the team to be recognised for the creativity they have shown in marketing the development,” said Debbie Small, Hyde’s Sales and Marketing Director.

The success of the marketing campaign for Spring at New Stonebridge Park was due largely to a carefully researched and targeted branding concept and supporting marketing plan, as well as brand presence both in the UK and the Far East.

Spring at New Stonebridge Park consists of 164 blind tenure homes, including 39 shared ownership apartments, 55 outright sale homes and 70 affordable rent apartments (a combination which addresses housing needs in the area) as well as community facilities. It forms part of a wider £225 million regeneration scheme, which has transformed a notorious, run-down London housing estate into a vibrant, sustainable area. 

Hyde New Homes supporting Shared Ownership Week 2016

Hyde New Homes are exicted to once again be supporting Shared Ownership week. Across the week, which runs from 15th to 21st September, we will be sharing real life case studies from some of our homeowners, we will also be hosting a live twitter Q&A at midday on Wednesday 21st and will be sharing news on our upcoming schemes. To keep updated on what's happening, follow us @hydenewhomes1 and track the hashtag #SOWeek2016.

To find out more about Shared Ownership Week see;-

sharedownershipweek.co.uk

Double success for Spring at the 2016 National Housing Awards

Hyde New Homes has successfully won the 'Best Large Development' award and been highly commended for 'Best Regeneration Project' for Spring at New Stonebridge Park at the 2016 National Housing Awards, held at the Lancaster Hotel. Hosted by comedian and quiz show host Alexander Armstrong, the awards are regarded as the housing industries most prestigious and significant accolades of the sector.

Spring at New Stonebridge Park forms part of an ongoing regeneration programme that will see over £225 million invested in the area of Wembley and Stonebridge, creating new homes and facilities for local residents and potential new home buyers in North West London.

Debbie Small, Hyde's Sales and Marketing Director commented 'We are delighted to receive the award for Best Large Development' with our Spring at New Stonebridge Park development and also to be highly commended for the Best Regeneration category at the prestigious National Housing Federation awards yesterday.

The judges praised the scheme, highlighting the high quality design, as well as how we successfully involved the community.

Spring is part of a £225 million regeneration led by The Hyde Group, on the former Stonbridge estate in Harlesden, providing much needed housing in a London zone 3 area.'

To find out more about the awards and for the full shortlist see www.nationalhousingawards.co.uk

Hyde Shared Owners living in London

At Hyde, we recognise that as London house prices continue to rise disportionally to incomes, many shared owners will find it difficult to purchase their second home and move in to full home ownership. We are aware that some of you may wish to move on due to individual circumstances and Hyde is therefore introducing Second Steps; a Do-It-Yourself Shared Ownership scheme aimed at our existing shared owners in London. The Hyde Group and the Greater London Authority (GLA) are working together to help you buy a home from the open market, on a shared ownership basis and we have a limited amount of funding from the GLA to deliver this pilot scheme.

Subject to eligibility and a financial assessment, applicants can purchase a share in a house in any London Borough up to a maximum value of £395,000. This provides you with the opportunity to move on and buy a house suitable to your current need still on an affordable shared ownership basis. At the same time as buying a home via Second Steps, Hyde will market and sell your property to another first time buyer eligible for shared ownership. You will be able to use the equity from the sale of your existing home to fund the purchase of your new Second Steps property.

If the Second Steps product proves extremely popular, priority will be given to customers seeking to move due to overcrowding.

If you want to move but thought it was out of reach and if this exciting opportunity is of interest please read the eligibility criteria set out in our Second Steps guide at www.hydenewhomes.co.uk/second-steps-and-your-new-shared-ownership-home and if you meet the stated eligibility terms, please complete the online application form and register your interest.

Increasing your ownership in your home

Most people aspire to own their own home and you made that step towards this when you bought your shared ownership  home. If your financial circumstances have changed or even if you are looking at re-mortgaging, you may be thinking of buying more shares in your property.

Buying a greater proportion in your home has a number of benefits:

  • You reduce the monthly rent that you pay to Hyde
  • When you come to sell your home in the future, the greater percentage you own, the more profit you will make if the valye of your home has increased
  • If you own your property 100% it allows you to maximise and benfit from any home improvements you have carried out
  • If you own your home 100% you can sell your property on the open market using an Estate Agent and the buyers is not restricted to the shared ownership criteria

Some leases, mainly in rural areas, restrict the amount of equity you may be able to staircase to. However, we can advise you on this should you wish to consider buying more shares in your property.

Hyde New Homes can support you through buying more shares in your property in the following way:

  • Providing up to date valuation advice on similar properties that have sold in your area, so that you can make a decision on whether you currently can afford to staircase prior to the cost of instruction a valuation
  • Giving you advice of the reduced rent you would pay if you part staircase
  • Provide you with details of Independent Financial Advisers who can advise on the best mortgage rates
  • Provide you with a panel of solicitors who specialise in staircasing sales
  • Assist with the legal process throughout the staircasing transaction

The costs involved in staircasing sales do vary but below is an approximate guide:

  • Hyde's administration fee of £255 inclusive of VAT
  • Valuation fee
  • Your solicitors fee
  • Mortgage arrangement fee
  • Stamp duty (if applicable)

We hope that the above information has given you an insight into the sales service that we can provide our existing shared owners. We would be delighted to offer our expert advice to you so if you would like to chat with one of our Resale Consultants please call 0345 606 1221 or email us at resales@hydenewhomes.co.uk

For further information on Staircasing please visit www.hydenewhomes.co.uk/staircasing-buying-more-shares-in-your-home

Trust us to sell your Shared Ownership home

At Hyde New Homes, we seek to provide a professional resale service designed to make selling your shared ownership property as stree-free as possible. The sale of a property can appear complex, but our team will assist you from the initial Guide Price Value, through to marketing, finding a buyer and progressing the sale through to completion.

The resale service we offer to our existing shared owners include:

  • Provide a full Sellers Information Pack, which will include a Rightmove Best Price Guide
  • Provide professional photos, floor plans and an EPC for all properties
  • Provide advice on the valuation process
  • A full marketing service on the Hyde New Homes website, Help to Buy Agents websites and if required Rightmove and Zoopla portals
  • Pre-qualifying buyers to ensure that they meet the shared ownership criteria before they view your property
  • Arrange viewings and open days that are convenient to you
  • Take a flexible and tailored approach to your property, marketing quickly to an up to date list of potential buyers and moving on swiftly to external websites
  • Preparing legal document, Memorandum of Sales and instructions to solicitors
  • Weekly communication with yourselves, solicitors, mortgages advisors to progress the sale through

If we are successful and find a potential buyer for your property, there is a fee for this service. The fee will depend on your shared ownership lease and we can advise you how much this would be before you instruct us on the sale. However, please be assured our fee is often cheaper than a local estate agent as our example shows below:

Hyde's Resale Service
Full market value - £200,000
Selling 50% share - £100,000
Resale fee payable to Hyde = 1.25% of equity being sold = £1,250

Estate Agent Service
Full market value - £200,000
Selling 50% share - £100,000
Resale fee payable to Estate Agent = 1.25% of equity being sold = £2,000

For further information on Selling Your Shared Ownership Home please visit www.hydenewhomes.co.uk/selling-your-shared-ownership-home

 

 
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