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)

Hardy House, 2 bed homes


Union Lane, London, Hounslow, TW7 6GU

Shared ownership

Starting prices

40% share from
£144,000
Full price
£360,000
Minimum deposit
£14,400
Monthly rent
£417
Monthly service charge
£182

Overview

Two bedroom, second floor home in the London borough of Hounslow for £144,000 40% share of £360,000 full market price, available through Shared Ownership.

Monthly Fees
Monthly Mortgage: £728.34*
Monthly Rent: £416.91
Service Charge: £182.05
Notting Hill Administration Fee: £13.50
Council Tax: £121.83
Estimated Total (per month): £1340.80 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 deposit. The rent may increase each year, the increase calculation will be specified in the lease.


Local area information

Local Transport

National Rail 

Syon Lane Station (0.96km)
Isleworth Station (1.44km) 


Plot availability

Plot number TBC
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £144,000
Full market price £360,000
Monthly rent £417
Monthly service charge £182

Ground floor
Entryphone system to communal hallway,
Passenger lift and stairwell.

Second floor
Two Bedrooms,reception/kitchen.
Hallway, bathroom with WC

External
Balcony accessed from reception room.

GIA
70 sq.m

Accessibility rating
A - Wheelchair Accessible Throughout

EPC rating
B

Length of lease
117 Years

Borough
Hounslow

Estimated Total (per month): £1340.80 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 deposit. The rent may increase each year, the increase calculation will be specified in the lease.


FAQ's

Min share price from: £144,000 for a 40% share
Full price from: £360,000
Minimum deposit from: £14,400
Monthly rent from: £417
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £144,000 for a 40% 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

40% share from
£144,000
Full price
£360,000
Minimum deposit
£14,400
Monthly rent
£417
Monthly service charge
£182