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%.

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The Forge, 3 bed homes


Redclyffe Road, Newham, Newham, E6 1DZ

Videos, 3D tours


Shared ownership

Starting prices

25% share from
£92,500
Full price
£442,500
Minimum deposit
£110,625
Monthly rent
£761
Monthly service charge
£227

Overview

Now 100% reserved, register now to go on the waiting list

Located in Zone 3 and set off a new public street, this final 3 bedroom home is well positioned for those who enjoy convenience and fast connections. This is the perfect address for professionals and families alike.

·         Ready to move in now

·         Outdoor space

·         Spacious open plan living / dining

·         Communal residents garden

·         City skyline views with selective apartments

·         Reach London Liverpool Street or Canary Wharf in under 20 minutes


Local area information

Only a short walk from The Forge, Upton Park station opens up the link to London and beyond, providing District Line and Hammersmith and City services, reaching Stratford within 15 minutes and Kings Cross within 35 minutes.


FAQ's

Prices are not available yet for The Forge but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for The Forge but you can register your interest to be notified when prices become available.

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

L&Q London
Shared ownership

Starting prices

25% share from
£92,500
Full price
£442,500
Minimum deposit
£110,625
Monthly rent
£761
Monthly service charge
£227