£143,750
Homes at Chelsea Botanica will be offered with first priority being given to those currently living and/or working in the London Borough of Hammersmith & Fulham. You may be eligible for this property if you are at least 18 years old, your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Shared Ownership cost breakdown - 25% share example
- Full market value = £575,000
- 25% share price = £143,750
- Deposit required = £14,375
- Estimated monthly mortgage = £690pcm
- Estimated monthly rent = £898pcm
- Estimated monthly service charge = £223pcm
- Estimated total monthly cost = £1,901
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market.
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.
Register your interest or search “Peabody New Homes Shared Ownership” to find out more.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
