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)
15 zenith - ref gen26, 1 bed homes
1 Bedroom Flat located on 6thth Floor in the London borough of of Barnet for £78,750 share 25% share share price of £315,000 full market price, available through Shared Ownership.
Monthly Rent: £467.21
Service Charge: £163.37
Estimated Total (per month): £630.58 excluding council tax