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%.
Lavender Walk Phase 3C
NOW FULLY RESERVED
Lavender Walk Phase 3C is a collection of three bedroom homes available through Shared Ownership. The new homes are part of a well established and sought after development situated in Carshalton, Surrey.
An ideal opportunity for first-time buyers, professionals and families alike, Lavender Walk, is only 30-minutes from London Victoria* by train – making it the perfect location for your new home.
Each home is designed and built to the highest standards, offering you a newly fitted kitchen, spacious bedrooms, and contemporary interiors. The development has been designed to create a community around outdoor green spaces. The surrounding area also features several parks and play areas for your enjoyment.
· Excellent transport links, only 30-minutes to London Victoria*.
· Within walking distance of Hackbridge station.
· Located in a tranquil neighbourhood close to the River Wandle.
· Ideally situated between the vibrant Croydon and Wimbledon.
· Contemporary specification.
· Plenty of outdoor green spaces.
· Several excellent schools located nearby.
*Journey times are calculated from Hackbridge station, based on National Rail data at the time of writing.
To register your interest or for any other enquiries please contact the Customer Service Team – Sales on:-
T: 0300 100 0309
All images displayed throughout are computer generated images for illustrative purposes only at this development and may not correspond exactly to the available properties described.
These prices are to be used as a guideline only as they may change.
Local area information
Prices are not available yet for Lavender Walk Phase 3C but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Lavender Walk Phase 3C but you can register your interest to be notified when prices become available.
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.