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%.
Bridges Court Road
One bedroom fourth floor flat, in the London Borough of Wandsworth, available to buy through Shared Ownership. Full market value £470,000. 30% share available, share price £141,000.
Monthly Mortgage*: £749.57
Monthly Rent: £479.96
Managing Agent Service Charge**: £146.99
Notting Hill Adminstration fee: £13.50
Ground Rent: £10.48
Council Tax: £58.33
Estimated Total (per month): £ 1,400.50 (excluding council tax)
** Service Charge payable to: Harrods Estates Asset management
The monthly mortgage is based on an interest rate of 5.5 % 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.
Entrance hall, kitchen / living room, bedroom and bathroom with W.C.
53 square metres (570 sq. ft) as per RICS valuation
E - Step Free
Length of lease