Millstream Tower

You can buy an initial share of between 25% -75% of the property’s value, and pay a subsidised rent on the proportion you don’t yet own. You can choose to increase the share you have in your home as your income increases, until you own 100% of the property.

This scheme makes getting onto the property ladder affordable and flexible, as the split between owned/rented is based on how much you can afford to pay.

CAN I APPLY?​

Most people who do not own a property are eligible to apply for Shared Ownership with Newlon Living. To qualify you should fall into the following categories:

You must be a first time buyer who cannot afford to buy a suitable home on the open market. You should have access to savings to cover the cost of the mortgage deposit, mortgage valuation or survey, legal fees and stamp duty (where applicable).

Priority will go to people who live or work in the London Borough of Haringey. Gross household income must not exceed £90,000 per annum.

NEWLON LIVING

Newlon Living is part of Newlon Housing Trust, an award-winning charitable housing association founded in Hackney in 1968.

Today we own or manage 8,000 homes in boroughs across north and east London. Newlon provides a wide range of affordable housing, including Shared Ownership homes and we have an experienced sales team dedicated to helping you take a first step onto the property ladder.

The project included demolishing an existing structure and building a new 22-story residential tower. The new structure contains 128 units, including 117 shared ownership apartments, 11 private sale flats, and one commercial unit.

David McKenzie, managing director at Kier Construction London, South & Strategic Projects, commented: “The handover of Millstream Tower marks another successful project in our long-standing relationship with Newlon Housing Trust and forms an exciting new landmark in Tottenham Hale’s expanding community.

“I am especially proud of the design features on this building, the cantilever design over LUL lines and achieving a gold Secured by Design accreditation, as it demonstrates our teams’ expert capabilities in finding innovative building solutions to complex challenges on site through collaboration and the use of modern methods of construction.”

Ezinne Ogbonna, Business Development Director, Newlon Housing Trust added: “I am really proud to be providing new, high specification, affordable homes at the heart of one of London’s most exciting new town centres. Millstream Tower is located immediately adjacent to the area’s excellent public transport facilities and the project benefited from the innovative solutions developed by Kier in order to be able to work on a complex site situated at the heart of so much existing infrastructure.”

This is Kier’s seventh project completed for Newlon Housing Trust. The previous projects include Repton Street providing 86 affordable homes in Limehouse and Glasshouse Fields with over 200 affordable homes in Tower Hamlets.

Shared Ownership homes are available through Newlon Living starting from £355,000.