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Shared Ownership is designed so that you can buy a new home with a lower deposit and with monthly housing costs that are approximately 20% lower than if you were to buy the same home outright on the open market.
With Shared Ownership, you buy a share in your new home or a resale home usually between 25% and 75% of the full market value of the home. You also pay rent, which is initially capped at a maximum of 3%, on the part owned by Network Homes. In addition a service charge is payable per month.
You will need to have savings to cover any deposit required by your mortgage lender and the costs involved in moving.
When you can afford to, you can take your next steps and increase the share you own; this is known as 'staircasing'. The cost of the additional share that you buy will be based on the current market value of your home.
By appointment only!
Coming soon! A contemporary collection of one and two bedroom apartments in the charming town of Feltham.
This beautiful development is strategically located directly opposite Feltham Rail Station with journeys to Waterloo in under 30 minutes, and the added benefit of being at the hub of many local bus routes.
You can take advantage of the local parks and the river by Centrum to keep active and enjoy a stimulating lifestyle.
All apartments are available on part buy/part rent basis and priority will be given to people that live or work in the London Borough of Hounslow.
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