Silwood Street

Studio homes in Southwark, Southwark, SE16 2BF

Tenure Shared ownership
What is Shared ownership?
Availability Available

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.

Overview

Two bedroom, ground floor flat in the London Borough of Southwark, available to buy through Shared Ownership. Full market value £425,000, 25% share available, share price £106,250

Monthly fees
Monthly Mortgage**: £537.40 
Monthly Rent: £393.57
Service Charge*: £128.23 
Notting Hill Administration Fee: £13.50

Estimated Total (per month): £1111.17 excluding council tax

*Service Charge payable to managing agent
**Estimate: The monthly mortgage is based on an interest rate of 4.5 % 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.

Ground floor
Entrance hall, two bedrooms, bathroom and lounge/kitchen.

External
Patio

GIA
80 square metres

Accessibility rating 
F – General access

EPC rating
B

Length of lease
118 Years

Borough
Southwark

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.

Silwood Street

Studio homes in Southwark, Southwark, SE16 2BF

Tenure Shared ownership
What is Shared ownership?
Availability Available

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.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes