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)
Denton Court - GEN1, 2 bed homes
Starting prices
Overview
Ground floor two bedroom home in the London borough of Hillingdon for £208,000 at 65% share price of £320,000 available through Shared Ownership.
SPECIFICATION
Ground Floor
Bedroom 1 with en suite
Bedroom 2
Living room/Kitchen (Open plan)
Three-piece family bathroom
Entrance Hallway
Storage cupboards
External
Gated parking area with to the rear of the block with allocated parking space and small outside space
GIA
60 sqm
Accessibility rating
F
EPC rating
C
Length of lease
112 years remaining
Borough
Hillingdon
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ELIGIBILITY
You will need to be earning a guidance income of £51,456. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,800. Total approximate savings required £24,800.
Important borough specific eligibility criteria
Hillingdon
Priority will go to applicants with a connection to Hillingdon but all applicants can apply.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
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Monthly Fees
*Monthly Mortgage: £1,052.05
Monthly Rent: £273.23
Service Charge: £102.63
Estimated Total (per month): £1,427.91 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 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
may increase each year, the increase calculation will be specified in the lease.
Local area information
Housing Provider
