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)

Acre Lane (Ref.G12), 2 bed homes


Acre Lane, London, Lambeth, SW2 5UL

Shared ownership

Starting prices

50% share from
£255,000
Full price
£510,000
Minimum deposit
£25,500
Monthly rent
£630
Monthly service charge
£120

Overview

Second floor flat with 2 bedrooms in the London borough of Lambeth for £ 255,000 at a 50% share price of £510,000, available through Shared Ownership.

Monthly Fees
*Monthly Mortgage: £1,289.77

Monthly Rent: £629.56
Service Charge: £119.57
Ground Rent: £8.33

*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

Overground
Clapham High Street – (0.5mil)

Underground
Clapham North Underground – (0.5m)
Clapham Common – (0.6mi) 


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

50% share from
£255,000
Full price
£510,000
Minimum deposit
£25,500
Monthly rent
£630
Monthly service charge
£120