The Climate Innovation District is an oasis of calm in a busy city. Down by the tree lined riverbank you could forget you were in the heart of Leeds.
Leeds Community Homes has purchased some flats in the Aire Lofts development at CID for shared ownership. The homes have been built by Citu combining stunning Scandinavian design with the latest sustainable technology to create beautiful homes that will radically reduce your carbon footprint.
Who is Climate Innovation District for?
- Households with a total income of under £80,000
- People who live, work in or have a close association to Leeds
- People interested in being an active part of Community-led Housing community
- People who support the aims of Leeds Community Homes
- You must be able to provide a £3500 bond to join the CIC
- Be able to pay the service charge
How does shared ownership work?
You can buy up to 75% of the property and pay rent on the remaining part. This means you must be able to get a mortgage on the amount you purchase and you must be able to afford to pay the mortgage and the rent.
Who can apply
You can buy a home through shared ownership if both of the following are true:
- your household income is £80,000 a year or less
- you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
- you’re a first-time buyer
- you used to own a home but cannot afford to buy one now
- you’re forming a new household – for example, after a relationship breakdown
- you’re an existing shared owner, and you want to move
- you own a home and want to move but cannot afford a new home that meets your needs
We have now completed phase one of this scheme, phase two is coming soon. To register your interest in a home in phase two please complete the EXPRESSION OF INTEREST FORM
If you own a home
When you buy a shared ownership home, you must have:
- formally accepted an offer for the sale of your current home (called ‘sold subject to contract’ or ‘STC’)
- written confirmation of the sale agreed (called a ‘memorandum of sale’) including the price and your intention to sell
You must have completed the sale of your home on or before the date you complete buying your shared ownership home.
