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||£94,500 for a 30% share|
|Full price from||£315,000|
|Minimum deposit from||£4,725|
|Monthly rent from||£433|
|Bedrooms||1 - 3|
Located in the up and coming suburb of West Drayton, London Borough of Hillingdon is a fantastic new development comprising of 1, 2 and 3 bedroom modern apartments for shared ownership, part-buy part-rent brought to us by Redrow.
These ideal apartments are situated in a fantastic location, only minutes away from West Drayton train station which serves the Great Western Railway. The high street is within easy reach, with a range of amenities including well known brands such as Boots, Morrisons through to restaurants and a dentist. The area is set to transform with greatly improved transport links on completion of the West Drayton Crossrail station in the future and the Elizabeth line with Heathrow only an 8 minute journey and the commute to the West End and the City in under 30 mins travel time