What is Shared Ownership? Find out more
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
|Minimum share price from||£112,000 for a 40% share|
|Full price from||£280,000|
|Minimum deposit from||£5,600|
|Monthly rent from||£556|
|Service charge from||£170|
|Bedrooms||1 - 2|
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ARRO is an exclusive development of contemporary homes set on the banks of the historic Grand Union Canal in the bustling heart of vibrant Southall. Offered as shared ownership, there's never been a better - more affordable time to put down roots and invest in the future through shared ownership in London.
The development offers the best of both worlds, being the perfect gateway to life in the capital. The complex will host an array of local shopping facilities and entertainment, including a cinema and restaurants for a lively neighbourhood with a London pace. But you're only ever a stone's throw from expansive open spaces, parkland, nature trails, watersides views and the developments own landscaped gardens.