Hammersmith and Fulham · Shared Ownership New Build
Share percentage 25%, full price £505,000
Hammersmith and Fulham · Shared Ownership New Build
Share percentage 25%, full price £695,000
Shared Ownership is an affordable home ownership scheme which makes it easier for eligible purchasers to get on the property ladder. Buyers get a mortgage for the share they can afford, and pay rent on the remaining share.
No – this is a common misconception but the ‘shared’ aspect of the scheme simply means you’re sharing ownership of your home with a housing association.
If you decide to buy a Shared Ownership home in Notting Hill, you’re effectively purchasing a portion of your property. Your initial share will usually be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.
Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.
When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.
If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.
As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.
For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.
Shared Ownership properties enable you to put down a smaller deposit compared to those required on the open market – buyers will usually need to put down 5% to 10% of the share that they’re buying, rather than the full market value of the home.
On a monthly basis, buyers will be required to pay their mortgage, a subsidised rent and service charge on their home, however, these repayments often work out cheaper than or equal to renting privately in the same area. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy.
Share to Buy lists thousands of Shared Ownership homes all across Notting Hill and beyond – including new build properties and those available through resale.
Shared Ownership is available on a variety of homes including cosy studios, stylish apartments and traditional family homes. Check out our property search tool to start looking for your new home today!
The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Notting Hill and nationwide have their homes listed on Share to Buy.
Share to Buy is the leading online portal for Shared Ownership properties. Established in 2004 as the UK’s first specialist online mortgage broker for affordable home ownership products, the site has since developed into a one stop shop for first time buyers, offering the country’s largest listing of Shared Ownership homes from many of the UK’s biggest housing providers.
Share to Buy is the nation’s biggest and best established affordable home ownership property portal, making it the ideal website for first time buyers looking to take that first step onto the property ladder.
Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.
Acting as a one stop shop for first time buyers, Share to Buy also offers handy FAQs and guides, interactive mortgage tools, mortgage broker and conveyancing panels, and live events to help potential purchasers on their home-buying journey.
If you are a housing association or developer selling properties through Shared Ownership, Help to Buy and other affordable home ownership schemes, we can list your new build and resale homes on the Share to Buy property portal.
As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home.
Find out more about advertising your Shared Ownership property on Share to Buy.
“The deposit for buying a Shared Ownership property was much lower than I was expecting - there’s definitely no way that I would have been able to buy without the Shared Ownership scheme. With staircasing, I could buy more shares in the property, eventually amounting to 100%. At that point the flat would fully be mine and I wouldn’t have to pay any rent!”
“The landlord at our old place kept threatening to sell up and leave us in the lurch, which produced a lot of anxiety. Now we’ve got a stake in something, we aren’t at the mercy of someone else - we wouldn’t have that freedom if we stuck in renting or bought somewhere outright. Shared Ownership has been a perfect solution.”
I viewed the flat online and thought it looked great, but once I saw it I person, it felt so much bigger.
With so much to offer, it’s little wonder that Notting Hill is one of the trendiest parts of London, but for first-time buyers, securing a home in an area like this can often seem out of reach. Thankfully, Shared Ownership in Notting Hill can make those home ownership ambitions even more achievable, while Help to Buy homes in Notting Hill allow buyers to lay down roots in an area that they are proud to call home.
To stay up to date with the latest Shared Ownership and Help to Buy properties in Notting Hill, all you need to do is sign up to Share to Buy and register to receive alerts. That way, we can send you automatic updates when new properties become available in your desired area.
Home to the largest street party on the continent, Notting Hill is a truly vibrant part of the capital. It is rich in culture and full of excitement. No time is this more true than during the late August bank holiday weekend when the party spirit truly descends on the area for the annual Notting Hill Carnival. One of the most highly-anticipated events in the London calendar, the streets come alive with colourful floats, flamboyant costumes and upbeat music in an atmospheric celebration of Afro-Caribbean culture.
Throughout the rest of the year, residents can relax and unwind in the area’s 16 private garden squares or explore the greenery and sports facilities at Holland Park. Alternatively, they can spend their days browsing the fresh produce, vintage clothes and unique antiques that can only be snapped up at the stalls of the famous Portobello Market. And if all that shopping is hungry work, they can indulge in Notting Hill’s incredible culinary scene – which includes the two Michelin starred restaurant The Ledbury – before putting their feet up and enjoying a blockbuster at the inviting Electric Cinema.
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