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)

Union Yard, 1-3 bed homes


Hemming Street, London, Tower Hamlets, E1 5GB

Shared ownership

Starting prices

25% share from
£115,000
Full price
£460,000
Monthly rent
£791
Monthly service charge
£150

Overview

Spectacular 1, 2 and 3 bed apartments available for Shared Ownership


Local area information

The streets are swarming with artisan coffee shops and boutique stores offering the best in homewares, music, fashion and fresh produce.

The area is home to a number of prestigious galleries such as the Whitechapel and White Cube galleries, and has a number of arthouse cinemas and venues. Along with the historic Spitalfields market and the recently installed Box Park, East

London has established itself as one of hippest locations in the world.


Plot availability

Plot number 203
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £120,000
Full market price £480,000
Monthly rent £825
Monthly service charge £150
Ownership Leasehold

Kitchen

- Symphony Gallery Range gloss doors in cashmere gloss

- Laminate worktop and upstand with Turkish marble finish

- Chrome Blanco trim taps

- LED strip lighting under wall units

- Bosch integrated oven and ceramic hob

- Zanussi washer/dryer

- Zanussi integrated dishwasher

- Zanussi integrated fridge/ freezer

Bathroom

- White Bathroom suite with chrome fittings and taps

- Chrome thermostatic shower mixer

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

General

- Door entry phone system

- Smoke, heat & CO detectors

- External balcony lights

- Meter heating system

Bedroom(s)

- Cormar oaklands carpet

- Portico range wardrobe and mirror doors (main bedrooms only)

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

Plot number 201
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £141,250
Full market price £565,000
Monthly rent £971
Monthly service charge £150
Ownership Leasehold

Kitchen

- Symphony Gallery Range gloss doors in cashmere gloss

- Laminate worktop and upstand with Turkish marble finish

- Chrome Blanco trim taps

- LED strip lighting under wall units

- Bosch integrated oven and ceramic hob

- Zanussi washer/dryer

- Zanussi integrated dishwasher

- Zanussi integrated fridge/ freezer

Bathroom

- White Bathroom suite with chrome fittings and taps

- Chrome thermostatic shower mixer

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

General

- Door entry phone system

- Smoke, heat & CO detectors

- External balcony lights

- Meter heating system

Bedroom(s)

- Cormar oaklands carpet

- Portico range wardrobe and mirror doors (main bedrooms only)

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

Plot number 101
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £155,000
Full market price £620,000
Monthly rent £1,066
Monthly service charge £150
Ownership Leasehold

Kitchen

- Symphony Gallery Range gloss doors in cashmere gloss

- Laminate worktop and upstand with Turkish marble finish

- Chrome Blanco trim taps

- LED strip lighting under wall units

- Bosch integrated oven and ceramic hob

- Zanussi washer/dryer

- Zanussi integrated dishwasher

- Zanussi integrated fridge/ freezer

Bathroom

- White Bathroom suite with chrome fittings and taps

- Chrome thermostatic shower mixer

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

General

- Door entry phone system

- Smoke, heat & CO detectors

- External balcony lights

- Meter heating system

Bedroom(s)

- Cormar oaklands carpet

- Portico range wardrobe and mirror doors (main bedrooms only)

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

Plot number G01
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £183,750
Full market price £735,000
Monthly rent £1,263
Monthly service charge £150
Ownership Leasehold

Kitchen

- Symphony Gallery Range gloss doors in cashmere gloss

- Laminate worktop and upstand with Turkish marble finish

- Chrome Blanco trim taps

- LED strip lighting under wall units

- Bosch integrated oven and ceramic hob

- Zanussi washer/dryer

- Zanussi integrated dishwasher

- Zanussi integrated fridge/ freezer

Bathroom

- White Bathroom suite with chrome fittings and taps

- Chrome thermostatic shower mixer

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling

General

- Door entry phone system

- Smoke, heat & CO detectors

- External balcony lights

- Meter heating system

Bedroom(s)

- Cormar oaklands carpet

- Portico range wardrobe and mirror doors (main bedrooms only)

- Chrome towel radiator

- Full height bathroom mirror

- Earth grey wall and floor tiling


FAQ's

Min share price from: £120,000 for a 25% share
Full price from: £480,000
Monthly rent from: £825
Bedrooms: 2
Bathrooms: 1

There are 4 available ranging from £120,000 for a 25% share to £183,750 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

isha
Shared ownership

Starting prices

25% share from
£115,000
Full price
£460,000
Monthly rent
£791
Monthly service charge
£150