Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

1 Singer Mews - ref NH3, 1 bed homes


1 Singer Mews, London, Lambeth, SW4 6AX

Shared ownership

Starting prices

60% share from
£252,000
Full price
£420,000
Minimum deposit
£25,200
Monthly rent
£408
Monthly service charge
£144

Overview

Second Floor 1 bedroom home in the London borough of Lambeth for £252000 60% share price of £420000 full market price, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £1,274.60

Monthly Rent: £408.48

Service Charge: £144.18

Council Tax: £1445 (annaul)

Estimated Total (per month): £1827.26 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
 

 


Local area information

Local Transport

Stockwell Station - 0.3 miles


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

60% share from
£252,000
Full price
£420,000
Minimum deposit
£25,200
Monthly rent
£408
Monthly service charge
£144