Forum House

1 bedroom homes in Empire Way, Wembley, Brent, HA9 0HL

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from TBC for 70% share
Full price from £325,000
Min deposit from £22,750
Monthly rent from £157
Service charge from £193
Bedrooms 1
Bathrooms 1
Pets No
Energy efficiency rating C

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

A lovely open plan, one-bedroom apartment located on the 3rd floor of a modern purpose built 7 storey building... The property is available for £227,500 for a 70% share, based on a full market value of £325,000. Available through Shared Ownership in Wembley.

Contact us to book a viewing day

Local area information

Nearest Station

  • Underground: Wembley Park
  • Overground: Wembley Stadium
Status Plot No. Floor Beds Min share price Eligibility
Available A Third 1 £227,500 View details

FAQ's

Min share price from: £227,500 for a 70% share
Full price from: £325,000
Minimum deposit from: £22,750
Monthly rent from: £157
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £227,500 for a 70% 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Forum House

1 bedroom homes in Empire Way, Wembley, Brent, HA9 0HL

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from TBC for 70% share
Full price from £325,000
Min deposit from £22,750
Monthly rent from £157
Service charge from £193
Bedrooms 1
Bathrooms 1
Pets No
Energy efficiency rating C

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes