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%.
Check your elgibility to be contacted about a viewing!
Last remaining 2 bedroom apartment available.
The Volt is a new development of 14 Shared Ownership homes situated in the heart of Brixton.
These one and two bedroom apartments will put you right into the buzz of Brixton Road while also giving you easy access to relax in St Matthew’s Gardens or Windrush Square.
*Terms and conditions apply, contact our team for details. Rent free on remaining unpurchased share when purchasing with Shared Ownership. Service charges still apply. Rent free for 6 months. Saving value is based on the rent of flat 1 (plot 105) at £998 per month when purchasing a minimum of 25% share. Non-refundable reservation fee of £500 must be paid on the day 12/10/2019. Sale must exchange within 28 days and complete before/on 20/12/2019 for offer to be honoured. Offer may be removed or changed at any time.
Local area information
Min share price from: £147,500 for a 25% share
Full price from: £590,000
Minimum deposit from: £14,375
There is only one available priced at £147,500 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.