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%.
The Old Town Hall
The Old Town Hall
Photos taken from 2 bedroom show flat & CGI
Shared Ownership Studio, 1 and 2 bedroom apartments launching on Saturday 22nd September!
*Eligibility and financial criteria apply*
The prestigious Grade II listed building that was once Acton Town Hall, home to civic splendour since 1910, has undergone extensive redevelopment to create much sought after residences in the heart of Acton town centre.
A bustling, cosmopolitan location, with its many bars, pubs, restaurants and coffee shops; plus excellent transport links to wherever you want to get to in London and beyond. Acton Central is a mere 6 minutes walk away from the development and Acton Town tube station just 15 minutes. From there, via the Piccadilly and Circle & District lines, you can be in Knightsbridge in 17 minutes and Leicester Square in 24 minutes.
The Old Town Hall, with its heritage setting and elegant façade, comprises 58 sensitively converted apartments in the existing building; and 13 new build apartments situated in a carefully designed extension annex & offering home buyers real choice.
Many of the converted apartments have beautiful original wood panelled walls, stunning period features and lofty ceiling heights of 3.6m.
While the new build apartments are equally well designed and proportioned, perfect for those who want to live in an historic setting, but within a newly built home.
CALL 0344 800 8043 NOW TO BOOK AN APPOINTMENT AND FIND OUT MORE.
The floor plan shown is one of our many apartments. Floor plans are not to scale and are indicative only. Location of windows, doors, kitchen units and appliances may differ. Doors may swing in the opposite direction to that shown on selected [apartments/houses]. Dimensions, which are taken from the indicated points of measurement, are for guidance only and are not intended to be used to calculate space for items of furniture.Total areas are provided as gross internal areas and are subject to variance. Please speak to our Sales Consultant for further information.
Local area information
The Old Town Hall is perfect for anyone who wants to live in a stunning heritage setting, but with all that London has to offer on the doorstep. Acton Central is a mere 6 minutes walk away from the development and Acton Town tube station just 15 minutes. From there, via the Piccadilly and Circle & District lines, you can be in Knightsbridge in 17 minutes and Leicester Square in 24 minutes.
Min share price from: £166,000 for a 40% share
Full price from: £415,000
Monthly rent from: £571
There is only one available priced at £166,000 for a 40% 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.