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)

Whitby House - ref GEN1008, 1 bed homes


Whitby House, 26 Marsh Hill, London, Tower Hamlets, E14 9AX

Shared ownership

Starting prices

25% share from
£92,500
Full price
£370,000
Minimum deposit
£9,250
Monthly rent
£604
Monthly service charge
£153

Overview

Tenth floor flat with 1 bedroom in the London borough of Tower Hamlets for £92,500  at a 25% share price of £370,000, available through Shared Ownership.

Monthly Fees

*Monthly Mortgage: £467.86

Monthly Rent: £ 604.40

**Service Charge: £ 153.02

Council Tax: £ 1,340 annual

Estimated Total (per month): £1,225.28 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
 

 


Local area information

Local Transport

Underground
Canary Wharf (0.5 miles)
Heron Quays (335ft)
West India Quay (0.6 miles)
 


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£92,500
Full price
£370,000
Minimum deposit
£9,250
Monthly rent
£604
Monthly service charge
£153