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%.

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Wooldridge Close - NH280, 2 bed homes


Wooldridge Close, London, Hounslow, TW14 8BY

Shared ownership

Starting prices

25% share from
£62,500
Full price
£250,000
Minimum deposit
£6,250
Monthly rent
£524
Monthly service charge
£194

Overview

Top  floor flat with 2 bedrooms in the London borough of Hounslow for £  250,000 at a 25 % share price of £, 62,500 available through Shared Ownership.

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SPECIFICATION

Ground floor
Communal Lobby entrance with stairs.

Top Floor
Flat entrance leading to hallway,  2 Bedroom, Reception Room with Kitchen, Bathroom

External
Balcony, Allocated parking space and communal gardens.

Accessibility rating
F

EPC rating
C

Length of lease
87 years

Borough
Hounslow

Monthly Fees

*Monthly Mortgage: ££316.12

Monthly Rent: £ £524.46


**Service Charge: ££194.29

Council Tax: £ 1,547 pa

Estimated Total (per month): £ £1,034.87  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.

ELIGIBILITY

 

You will need to be earning a guidance income of £37,293 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£6,250. Total approximate savings required £10,250

 

Important borough specific eligibility criteria

Hounslow


Priority given to Hounslow Applicants

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Local area information

Key features

  • Balcony
  • Communal gardens
  • Allocated Parking

Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£62,500
Full price
£250,000
Minimum deposit
£6,250
Monthly rent
£524
Monthly service charge
£194