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%.
Two bedroom house in the London Borough of Barnet, available to buy through Shared Ownership. Full market value £365,000. 25% share available, share price £91,250.
Monthly Mortgage**: £485.09
Monthly Rent: £654.77
Monthly Service Charge*: £27.47
Insurance Service Charge: £13.27
Council Tax: £119.58
Estimated Total (per month): £1,180.58 excluding council tax
*Service Charge payable to Notting Hill Housing
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.
Living Room and Kitchen
Landing, two bedroom and bathroom with wash hand basin and WC
There is an area of garden to the rear and from that amenity space there is access to a garden store/shed
Parking to the front
80 square metres as per RICS valuation
F – General Housing
Length of lease