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)

Weavers Quarter, 2 bed homes


Mast Streert, Barking, Barking and Dagenham, IG11 7FY

Shared ownership

Starting prices

25% share from
£75,000
Full price
£300,000
Minimum deposit
£7,500
Monthly rent
£516
Monthly service charge
£148

Overview

Now 100% reserved, register now to go on the waiting list

Offering an abundance of local amenities on your doorstep and conveniently well connected, Barking station is within walking distance of the development, which provides several services into London via the Underground, Overground, and C2C rail links, connecting you to the City of London in 15 minutes

Please note Weavers Quarter is a car-free development, so no parking is available.


Local area information

L&Q’s Weavers Quarter is a joint venture development with the London Borough of Barking and Dagenham. Available through Shared Ownership, Weavers Quarter has released its last and final phase of two-bedroom apartments. 

Offering you an abundance of local amenities on your doorstep and conveniently well connected, Barking station is within walking distance of the development, which provides several services into London via the Underground, Overground, and C2C rail links, connecting you to the City of London in 15 minutes


FAQ's

Prices are not available yet for Weavers Quarter but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for Weavers Quarter but you can register your interest to be notified when prices become available.

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

L&Q London
Shared ownership

Starting prices

25% share from
£75,000
Full price
£300,000
Minimum deposit
£7,500
Monthly rent
£516
Monthly service charge
£148