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)

Catherine House (Ref. GEN35), 2 bed homes


5 Thomas Fyre Drive, London, Tower Hamlets, E3 2ZG

Shared ownership

Starting prices

25% share from
£98,750
Full price
£395,000
Minimum deposit
£9,875
Monthly rent
£519
Monthly service charge
£153

Overview

Fifth floor apartment with 2 bedrooms in the London borough of Tower Hamlets for £98,750  at a 25% share price of £395,000, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £499.47

Monthly Rent: £ 519.05
**Service Charge: £153.03

Council Tax: £ 1,340.00 yearly

Estimated Total (per month): £1,171.55 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.
 

** Service Charge includes management fee and sinking fund.

 

 


Local area information

Local Transport

Bow Church DLR – 0.3m
Bow Road Underground – 0.5m


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£98,750
Full price
£395,000
Minimum deposit
£9,875
Monthly rent
£519
Monthly service charge
£153