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)
Peckham Place, 1-3 bed homes
As we re-open our sales offices, our expert teams are online and on-call to answer any questions and guide you through a virtual viewing of your chosen development. Once your virtual viewing is complete you will then be able to book your private appointment to view in person.
Peckham Place is a superb collection of 1,2 and 3 bedroom homes, with everything you need on your doorstep. Featuring plenty of outdoor space, landscaped roof gardens and courtyards, Peckham Place has every type of home available to suit the modern way of living. Throw in a secure underground car park, cycle storage and sustainable energy across the whole development and you have the perfect Peckham pad.
Charlotte Oak Brown laminate flooring to living area and hallways
Grey slip-resistant ceramic tile flooring to separate kitchen
Low energy recessed chrome down lights with feature lighting to kitchen
Composite worktops in neutral tone
Grey cabinets with chrome handles and carousel corner shelving
Zanussi range of A-rated appliances including:
Integrated stainless steel oven, grill and hood with 4 plate ceramic hob
Tiled splashbacks with stainless steel behind hobs
Chrome sink and tap
Integrated 60L eco recycling bins
80% wool fitted carpet in neutral tone
Pendant lights throughout bedrooms
Low energy recessed chrome down lights to master
Freeview and interactive satellite socket
Aluminium framed glass or timber sliding door wardrobe with floor to ceiling track in master*
Low energy recessed chrome down lights
Chrome shaver socket adjacent to sink
Recessed ceiling extract fan with humidistat control
White handless bath with non-slip base and white panel
Fixed shower pain adjacent to wall with hinged panel and toughened glass
Slip-resistant ceramic floor tiles with large format ceramic tiles with full height around bath/shower and half height to vanity
White china sanitaryware including WC with concealed cistern and dual flush and wall hung basin
Full height and width mirror over WC with single tile backsplash
Heated chrome towel rail
Chrome finished drying line fitted above bath
Freestanding or integrated Zanussi washer/dryer*
Video entry phone system
Dulux Supermatt painted walls and ceilings throughout, with Diamond eggshell for bathroom/kitchens
Datapoints for telephony and wireless broadband hub
Mains operated smoke alarms and CO detection (in homes where gas appliances are fitted)
Natural look wood laminate doors with chrome handles
What is Shared Ownership?
Shared Ownership is a government backed scheme allowing you to buy a share in a property from 25% to 75% of the full market value and pay a subsidised rent on the remainder. Because you only have to put down a deposit on the share you buy, you won't need to save as much for a deposit as you would if you were buying outright. **Affordability and eligibility criteria applies.
***Images and CGIs are for illustrative purposes only.
Local area information
Located only 5 minutes; walk to Queens Road Peckham overground station, connecting you to various parts of South-East London and more, including London Bridge in only 13 minutes by train. Peckham Place is also served by various bus routes and cycle paths.
Only a stone throw from the hustle and bustle of Peckham Rye - offering an unbeatable community spirit and relaxed welcoming vibe - you'll have everything you need right on your doorstep. Discover Rye Lane market with its exotic fruit stalls on weekends or head to Bellenden Road for its cool boutiques, cafes and quirky restaurants. Peckham also boasts some of London's most iconic rooftop venues, quirky cafes, outstanding-rated Ofsted schools and green spaces so you're never spoilt for places to go and things to do.
Min share price from: £162,500 for a 25% share
Full price from: £650,000
Minimum deposit from: £11,000
Monthly rent from: £934
There are 2 available ranging from £162,500 for a 25% share to £187,500 for a 25% 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.