Penlands Green

Plot: 191

Tenure Shared ownership
What is Shared ownership?
Availability Available
Minimum share 30%
Minimum share price £94,500
Full market price £315,000
Monthly rent £505
Monthly service charge £119
Plot 191
Floor First
Beds 2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Housing Provider

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes