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||£137,500 for a 25% share|
|Full price from||£550,000|
|Minimum deposit from||£13,750|
|Monthly rent from||£859|
|Service charge from||£182|
|Bedrooms||1 - 2|
Located in a tranquil area just off Pitfield Street and within 10 minutes walk of both Hoxton overground station and Old Street station, St. Leonard's Court will include one and two bedroom apartments for shared ownership.
WE ARE ONLY ACCEPTING EXPRESSIONS OF INTEREST FROM THOSE WHO HAVE EITHER LIVED OR WORKED IN HACKNEY FOR AT LEAST ONE YEAR.
Gross household income required from £61,332 per year*
Minimum deposit from £13,750*
Email email@example.com to express your interest. We will put you in touch with a mortgage advisor who will complete a headline affordability assessment. You will then be invited to view the show home this Summer.
*Based on assumed mortgage interest rates and lender requirements at the time of a mortgage application. If you have a higher deposit but a lower income than the minimums displayed, you may still meet the affordability criteria. Financial assessments will be completed based on individual circumstances. The values and service charges displayed are subject to change with service charges to be updated prior to build completion and values to be reviewed periodically in line with the market conditions.
Due to the widespread local transport options, car club availability, and cycle storage, St. Leonard's Court is car-free, with street-parking unavailable for the shared ownership addresses.
Hackney Sales are the Council's in-house Sales Agent. We have endeavoured to ensure the accuracy of these property details, however, any suspected errors can be reported to firstname.lastname@example.org. We have not tested the services, appliances, or any apparatus connected or supplied in the homes. All computer generated images and artist illustrations displayed are to be viewed as a guide only. Distances described are approximate. Move-in dates are subject to change. Buyers must satisfy themselves as to the validity of the information provided and instruct a Conveyancer to act in their interests to qualify important information and progress the sale to completion.
Close to Hoxton Square and Pitfield Street, with all that both Hackney and the City offers on your door step.