Walker Close, 1 bed homes
One bedroom, ground floor flat, in the London Borough of Ealing, available to buy through Shared Ownership. Full market value £250,000 including £10,000 worth of improvements. 25% share available, share price £70,000.
Priority will go to applicants with a connection to Ealing but all applicants can apply.
This property is restricted to persons aged 60 years and over.
Call 0203 815 1234 to book your appointment.
Min share price from: £62,500 for a 25% share
Full price from: £250,000
Minimum deposit from: £6,250
Monthly rent from: £215
There is only one available priced at £62,500 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.