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%.

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2 Bourbon Road - ref NH13, 2 bed homes


2 BOURBON ROAD, London, Lambeth, SW9 6FR

Shared ownership

Starting prices

40% share from
£200,000
Full price
£500,000
Minimum deposit
£20,000
Monthly rent
£647
Monthly service charge
£166

Overview

Third floor 2 bedroom flat in the London borough of Lambeth for £200,000 at a 40% share price of £500,000, available through Shared Ownership.

SPECIFICATION

Third Floor

Hallway, Kitchen, Living room, 2 Bedrooms and Bathroom

External

Private balcony

GIA

70.1sqm

EPC rating

B

Accessibility

F

Length of lease

94 years

Borough
Lambeth

Monthly Fees

*Monthly Mortgage: £1,011.59

Monthly Rent: £ 647.49

Notting Hill Administration Fee: £13.50

Service Charge: £166.45

Estimated Total (per month): £ 1,839.03excluding 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.
 

** Service Charge payable to external managing agent.

 

 


Local area information

Local Transport

Stockwell – 0.9miles

Clapham North – 1.2miles

Brixton – 0.8 miles


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

40% share from
£200,000
Full price
£500,000
Minimum deposit
£20,000
Monthly rent
£647
Monthly service charge
£166