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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Corner Mead, 2 bed homes


Barnet, Barnet, NW9 5RD

Shared ownership

Starting prices

50% share from
£187,500
Full price
£375,000
Minimum deposit
£18,750

Overview

The Corner Mead property is a terraced house arranged over two floors and built around 1998. It benefits from off road parking and a rear garden. The lease remaining on the property is 79 years.


Local area information

There are good transport links with Mill Hill Broadway station 0.6 miles away, served by Thameslink, and linking to Kings Cross in 37 minutes. Local buses serve the area, as well as a night bus that links to Oxford Circus.

Local amenities is located 0.7miles away along The Broadway. For leisure and enjoyment, Mill Hill Park is within 1.0 miles.

Nearest Tube station: Burnt Oak (Zone 5) served by the Northern Line.

Nearest Station: Mill Hill Broadway – Thameslink.

Bus routes nearby: Bus routes 303 & 642 from Wiggins Mead and bus routes 113 & N113 from Tithe Walk.


Plot availability

Plot number 58
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £187,500
Full market price £375,000
Monthly rent £261
Monthly service charge £46

Entrance: Private entrance door leading to…

Living Room: (4.36m x 3.79m) Spacious lounge with door to garden. Grey carpet.

Kitchen: (1.89m x 3.00m) wood effect base and wall units with wood effect worktop and tiled splashback. Space for oven. Space for fridge freezer and washer dryer. Lino flooring.

Bedroom 1: (3.76m x 2.62m) Beige carpet.

Bedroom 2: (3.38m x 3.06m) Beige carpet.

Bathroom: White suite comprising panelled bath with shower over, WC and hand washbasin with mirror over. Full height tiling around the bath. Lino flooring.

Outside: Parking: allocated space for one car. Garden.


FAQ's

Min share price from: £187,500 for a 50% share
Full price from: £375,000
Minimum deposit from: £18,750
Monthly rent from: £261
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £187,500 for a 50% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Family Mosaic
Shared ownership

Starting prices

50% share from
£187,500
Full price
£375,000
Minimum deposit
£18,750