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%.

Mountfield Road


Newham, Newham, E6 6BJ

Shared ownership
Studio bedroom homes
Share price
Coming soon
Full price
Coming soon

Overview

Three bedroom, first floor flat, in the London Borough of Newham, available to buy through Shared Ownership. Full market value £265,000, 75% share available, share price £198,750.

Monthly fees
Mortgage**: £1,056.58
Notting Hill Housing Monthly Rent: £158.39 
Newham Council Monthly Service Charge*: 78.99
Council Tax: £80.66

Estimated Total (per month): £1,293.96 (excluding council tax)

*Service Charge payable to Newham Council, plus an additional £10 Ground Rent per year.
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years, which is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

 

Ground floor
Communal entrance hall

First floor
Hall, Lounge, Balcony, kitchen, Bedroom 1, 2, 3 and Bathroom/WC

External
Communal gardens

GIA
82 square metres as per RICS valuation

Accessibility rating 
F - General Access

EPC rating
C

Length of lease
97 years

Borough
Newham


Housing Provider

Notting Hill Genesis
Shared ownership
Studio bedroom homes
Share price
Coming soon
Full price
Coming soon