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)

The Forge, 2-3 bed homes


Redclyffe Road, Newham, Newham, E6 1DZ

Shared ownership

Starting prices

25% share from
£95,625
Full price
£382,500
Minimum deposit
£9,563
Monthly rent
£657
Monthly service charge
£186

Overview

Final two remaining apartments, from £95,625 for a 25% share! Don't miss out!

Located in Zone 3 and set off a new public street, these final homes are 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.


Plot availability

Plot number B11
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £95,625
Full market price £382,500
Monthly rent £657
Monthly service charge £186
Ownership Leasehold
Plot number B03
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £113,125
Full market price £452,500
Monthly rent £730
Monthly service charge £200
Ownership Leasehold

FAQ's

Min share price from: £95,625 for a 25% share
Full price from: £382,500
Minimum deposit from: £9,563
Monthly rent from: £657
Bedrooms: 2
Bathrooms: 2

There are 2 available ranging from £95,625 for a 25% share to £113,125 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.

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
£95,625
Full price
£382,500
Minimum deposit
£9,563
Monthly rent
£657
Monthly service charge
£186