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)

Snowfleck House, 1 bed homes


Ealing, Ealing, UB6 7FN

Shared ownership

Starting prices

30% share from
£88,500
Full price
£295,000
Minimum deposit
£10,325

Overview

The Snowfleck house property is a one bedroom, first floor apartment within a 3 storey modern development built around 2007. It benefits from off road parking and a communal garden. The lease remaining on the property is 115 years.


Local area information

There are good transport links with Perivale Station 0.3 miles away, served by the Central Line and linking to Oxford Circus in 26 minutes.

Local amenities are located 0.7 miles away along Bilton Road, and for leisure and enjoyment, there are woodlands, parks and and the Grand Union canal minutes from the property.

Nearest Tube station: Perivale Station (Zone 4) served by the Central Line.

Nearest Station: Greenford Station – National Rail.

Bus routes nearby: Bus route 297 from Buckingham Avenue towards Ealing Broadway, Wembley and Willesden.


Plot availability

Plot number 8
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £103,250
Full market price £295,000
Monthly rent £475
Monthly service charge £173

Entrance: Hallway with video entry phone system leading to…

Living Room: Spacious lounge open plan to kitchen. Beige carpet. 

Kitchen: Pine base and wall units with dark brown worktop and tiled splashback. Integrated fridge freezer, washer dryer, oven, hob and extractor fan. Vinyl flooring.

Bedroom: Beige carpet. Fitted wardrobes. 

Bathroom: White suite comprising panelled bath with shower over, WC and hand washbasin with mirror over. Full height tiling around the bath. Vinyl flooring.

Outside: Parking: allocated space for one car. Communal Garden.

Plot number 11
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £93,000
Full market price £310,000
Monthly rent £481
Monthly service charge £173

Entrance: Hallway with two large cupboards and video entry phone system leading to… 

Living Room: Spacious lounge open plan to kitchen with large windows. Beige carpet. 

Kitchen: Light brown pine base and wall units with dark brown worktop and white tiled splashback. Integrated fridge freezer, washer dryer, oven, hob and extractor fan. Lino flooring.

Bedroom: Two fitted wardrobes. Beige carpet.

Bathroom: White suite comprising panelled bath with shower over, WC and hand washbasin with mirror over. Full height tiling around the bath. Lino flooring.

Outside: Parking: allocated space for one car. Communal garden and Bike storage.


FAQ's

Min share price from: £103,250 for a 35% share
Full price from: £295,000
Minimum deposit from: £10,325
Monthly rent from: £475
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £103,250 for a 35% share to £93,000 for a 30% 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Family Mosaic
Shared ownership

Starting prices

30% share from
£88,500
Full price
£295,000
Minimum deposit
£10,325