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)

Hanover House, 1 bed homes


Hanover House, London, Lambeth, SW8 2JA

Shared ownership

Starting prices

30% share from
£165,000
Full price
£550,000
Minimum deposit
£16,500
Monthly rent
£732
Monthly service charge
£230

Overview

8th Floor one bedroom home in the London borough of Lambeth for £165,000 (30% share price of £550,000), available through Shared Ownership.

Monthly Fees
*Monthly Mortgage: £834.56  
Monthly Rent: £731.93
Notting Hill Administration Fee: £13.50
**Other Service Charge: £230
Council Tax: £141.17
Estimated Total (per month): £1,809.99 excluding council tax

*Estimate - The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 here. It is based on a 90 % mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
** Estimated Service Charge payable to an external management company


Local area information

Train (Underground and Overground)
Vauxhall Station (0.2 km)


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

30% share from
£165,000
Full price
£550,000
Minimum deposit
£16,500
Monthly rent
£732
Monthly service charge
£230