Points Cross: Over 180 new shared ownership homes set to launch in Leeds city centre this year
More than 180 shared ownership homes will launch this month in Leeds city centre.
Built next to Leeds Dock, Points Cross is a new development featuring a mix of one-, two-, and three-bedroom flats and duplexes brought to market by Guinness Homes.
The development offers shared ownership, a government-backed initiative that allows buyers to purchase a share of a home, typically with a low deposit, making buying more accessible than traditional market purchases. This scheme is designed to help people who may not be able to afford to buy a home outright.
Luke Wilkinson, sales manager for the development, said Points Cross marks the largest shared ownership scheme ever introduced in Leeds. He said: “It’s a well-established tenure in the South of England, which has helped thousands to buy a share in a home, so it’s a privilege for Guinness Homes to bring brand new, shared ownership homes to a city as busy as Leeds and with a saturated housing market.
“We believe no one should have to forgo their dream of getting on the property ladder, which is why Points Cross’ residents will be able to enjoy the convenience of city living without compromising on location, quality, space, or affordability.”
With shared ownership, buyers can buy a portion of the home, usually between 25 and 70 per cent, and pay a mortgage only on that share. They then pay reduced rent on the remaining portion owned by the housing provider, making overall monthly costs more manageable than renting or buying outright.
Each of the 183 new homes comes fully fitted with contemporary finishes, open-plan living areas, and a private terrace or balcony.
Prices will be released mid-October, when homes become available for reservation with a 30 per cent share of ownership.
You can read more about the Points Cross development and shared ownership here.