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)
Rez, 1-2 bed homes
A limited collection of one and two bedroom Shared Ownership apartments located in Stockwell, SW9. Register your interest today! Rise above it all in SW9. A bustling, beating, booming area that just gets better and better. Right at its centre: REZ. A brand new collection of residences for new home owners and fun-timers.
A unique collection of one and two bedroom Shared Ownership apartments located in Stockwell, SW9. Register your interest today!
WHAT’S YOUR REZ?
The REZ residences are perched atop an existing building. You’re up on the top floor – a shiny new storey for shiny new stories complete with your own front door. And with Shared Ownership through Network Homes, a little home in the sky is not pie-in-the-sky either. For a cool urban retreat or the ultimate chill out pad.
Contemporary, sustainable, well-connected and rooted in community. Minutes from the centre of town yet in the heart of a vibrant urban village. Welcome to Stockwell. Welcome to your new REZ.
A new build of 13 apartments above a fully refurbished block, like the area it’s special and totally unique. With a blend of 8 one-bed and 5 two-bed flats, we understand that one size doesn’t fit all when it comes to your ideal layout either. Whether you’re a new couple, a singleton sick of renting, or expecting the pitter-patter of tiny feet, REZ is made for you and your family.
The buzzword here is sustainability. Everything has been built to maximise light and insulation – and minimise your energy bills. With striking contemporary architecture, modern-spec interiors, duplex two-bedroom apartment with private balconies or ones and twos with winter gardens. REZ gives a sleek and chic vibe that matches up with this, cosmopolitan neighbourhood.
Local area information
The neighbourhood and nearby Stockwell is buzzing. Like never before. It’s always been a melting pot, with its vibrant street markets and Caribbean culture, its eclectic music venues and characterful pubs. And it enjoys a serious dose of contemporary cool too.
Joining established favourites like the art-house Ritzy Cinema, the world class Brixton O2 Academy and lively pubs like the Dogstar and Prince of Wales, the local scene has exploded with bars, cafés and cutting-edge eateries around Coldharbour Lane. You’re perfectly placed to jump on the Victoria Line into Oxford Circus in 10 minutes, but with a neighbourhood this good you might want to stick closer to home. This is a destination in itself, where old blends with new but there’s still plenty of soul. Exciting, energetic and inclusive, it’s an area of endless possibilities.
Make sure to check out Brixton Village, a culinary hotspot where people flock to the ever-changing micro-restaurants serving up everything from Japanese street food to nouvelle Caribbean, Chinese dumplings to sourdough pizza, foraged British to home-style Thai. It has a busy, exciting vibe all on its own. You’ll find every type of produce you need here and quite a lot more besides! There are monthly vintage markets too and a Sunday farmer’s market for all your sourdough and organic needs.
On the other side of the station, Pop Brixton has become a local sensation. A maze of converted shipping containers, it’s home to street food stalls and outdoor bars, specialist shops and business startups. With a dash of social enterprise thrown in, it’s become a thriving village – a modern community. If it’s craft ales you’re into, there’s no shortage of microbreweries round here, while coffee purists don’t have to look far for their artisanal fix. We all need space and time to chill, and the wide green spaces of Brockwell Park with its famous outdoor Lido are a 25-minute stroll away. You’re also ideally placed for lovely, leafy Clapham Common. Peace out. Or work up a sweat at Brixton Rec!
Min share price from: £100,000 for a 25% share
Full price from: £400,000
Minimum deposit from: £5,000
Monthly rent from: £688
There is only one available priced at £100,000 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.