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)

Cromwell Close(NH:36), 2 bed homes


Cromwell Close, London, Ealing, W3 6BN

Shared ownership

Starting prices

65% share from
£234,000
Full price
£360,000
Minimum deposit
£23,400
Monthly rent
£331
Monthly service charge
£114

Overview

Second floor flat with 2 bedrooms in the London borough of Ealing for £360,000 at a 65% share price of £234,000, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £1183.55

Monthly Rent: £ 330.93

Notting Hill Administration Fee: £13.50
**Service Charge: £100

***Ground Rent: £79.16

Council Tax: £

Estimated Total (per month): £1627.98 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 payable to external managing agent.

 

*** Ground rent managed by external managing agency.

 


Local area information

Overground

Acton Central Overground
 


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

65% share from
£234,000
Full price
£360,000
Minimum deposit
£23,400
Monthly rent
£331
Monthly service charge
£114