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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Eastbourne Road (NH6), 3 bed homes


Eastbourne Road, London, Newham, E6 6AT

Shared ownership

Starting prices

75% share from
£221,250
Full price
£295,000
Minimum deposit
£22,125
Monthly rent
£169
Monthly service charge
£76

Overview

Two storey purpose built 3 bedroom maisonette in the London borough of Newham for £ 221,250 at a 75% share price of £295,000, available through Shared Ownership.

 

Monthly Fees

*Monthly Mortgage: £1119.07

Monthly Rent: £ 168.86

**Service Charge: £75.61

Council Tax: £1183.46

Estimated Total (per month): £ 1362.71(exc 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.

 


Local area information

Local amenities providing good shopping and transport facilities

Underground

East Ham Station – 1.3 miles

 

Overground

Barking – 1.5miles


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

75% share from
£221,250
Full price
£295,000
Minimum deposit
£22,125
Monthly rent
£169
Monthly service charge
£76