Beacon is a new development of 1, 2 and 3 bedroom Shared Ownership homes in a superb central location with excellent transport links.
Beacon consists of 15 Grant Funded units and 21 non-Grant Funded units.
Located on the 2nd to 5th floor of the re-developed Blackfriars Settlement Centre, these homes will be in an enviable SE1 central London location. With Southwark underground an approximate 6-minute walk* away and Borough station approximately 10 minutes away, Beacon will offer a superb central location with excellent transport links.
*Source: TFL postcode SE1 ORB
Minimum Income for Grant Funded Apartments
To qualify for a one bedroom Grant Funded home you must have a household income of at least £30,000 and no more than £64,300.
To qualify for a two bedroom Grant Funded home you must have a household income of at least £34,000 and no more than £64,300.
Eligibility criteria for Grant Funded Apartments
To qualify for one of our Grant Funded homes you must live in one of the following Boroughs of London: Southwark, Bexley, Bromley, Greenwich or Lewisham. You must also be registered and accepted by First Steps. You are welcome to book a viewing and if you are interested you will be asked to fill in a preference form. Your form will then be prioritised according to the local authority's eligibility criteria.
If you have not already done so you will need to complete a First Steps application form in order to be offered a home.
Minimum Income for Non - Grant Funded Apartments
For a one bedroom apartment your household income must be at least £48,500. There is no maximum income limit.
For a two bedroom apartment your household income must be at least £62,000. There is no maximum income limit.
For a three bedroom apartment your household income must be at least £75,500. There is no maximum income limit.
Eligibility Criteria for Non-Grant Funded Apartments
Applicants from any Borough of London are eligible for non-Grant Funded apartments, however priority will be given to local applicants first. If you are applying for a non-Grant Funded home you do not need to be registered with First Steps.
Please note: You cannot buy a Shared Ownership home if you already own a home. If you are an existing homeowner we will not be able to allocate you a home unless you have started advertising your existing home and are deemed to be in need of housing by your local council. Our eligibility criteria are reviewed continuously and may be subject to change.