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. Wandsworth Council opens the door to home ownership, Kerry Briscoe selected as the Parliamentary Candidate for Tooting, First Vaccinations in the UK Against Coronavirus Begin. The council’s Cabinet Member for Housing, Cllr Kim Caddy, said: “Helping residents meet their housing needs and aspirations is at the heart of our Housing Strategy. Views: 1896. Shared-ownership from £150k on south-west London street of £1m homes New SW11 flats at Prince of Wales Drive in Battersea can cost £1.18 million but shared-ownership homes are available at £150k. A stylish and luxurious new development providing 93 much needed homes for Shared Ownership. Wandsworth Home Ownership scheme Shelly Palmer visits one of the home development projects in Wandsworth and speaks to Council Leader Ravi Govindia about the regional and national Housing Crisis. OPSO – Older People’s Shared Ownership. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don’t own. Come and see what opportunities are available. However this short list will give you an indication of the minimum eligibility requirements. There’s a new library, shops and amenities on your doorstep. Shared Ownership is an excellent way for people to take their first step onto the property ladder. About shared ownership. Buyers will need to budget monthly for rent at £289, service charge at £219, plus their mortgage repayments. The scheme was completed by Optivo housing association in 2017 and was the first allocation of shared ownership housing in Nine Elms. Help to Buy homes in Wandsworth can also help potential purchasers to put down roots in an area they love, and finally find a place to call their own. Many of the new affordable homes being built in Wandsworth can be purchased on shared ownership terms by local buyers who live or work in the borough and are registered with the Homeownership Team. To give you the best chance of owning a home through Shared Ownership at Battersea Reach, we recommend that you have the following guidance household income and deposit; 2 bed apartments: Starting from £ 140,625 (25% share of full market value £ 562,500 ) with a guidance income between £ 74,477 - £90,000 p.a. Shared ownership in Wandsworth. Your Data These cookies are used to track website usage, help improve the website and for advertising purposes. Find: wandsworth properties for sale at the best prices Check your eligibility or Register your interest to be notified for upcoming open days at Waterway, Wandsworth, SW18, Enterprise Way, SW18 1SA. A key advantage is that, as part-owner, you have a security of tenure that renting cannot offer. If the current owner has carried out improvements to the property, then you'll pay for these separately. It doesn’t matter what your job is, but your income must be less than £90,000 within London and £80,000 outside of London. All rights reserved. Want to find out more about this L&Q development. Contact the Home Ownership team Email: housesales@wandsworth.gov.uk Telephone: 020 8871 6161 Vibrancy, plenty of open space, a choice of schools and excellent transport links all attract young couples and families to Wandsworth. Criteria for shared ownership allocation . The minimum share you can purchase is 25% and the maximum is 75%. The Leader and Cllr Caddy open the new development Heathfield Square is an exciting new development from housing association Optivo, in partnership with Wandsworth Council and the Greater London Authority (GLA). If you want to get on the property ladder, but can’t afford to buy outright on the open market, then Shared Ownership could be for you. 2 bedroom homes for Shared ownership in London. 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. About Wandsworth Exchange Wandsworth Exchange offers first-time buyers a rare opportunity to get a foot on the ladder in one of London’s most desirable boroughs. Prices to be confirmed. Finefair strives to ensure we offer the best services as well as the right support. Wandsworth Council. The shared ownership allocation process. Wandsworth Council to boost home ownership. Earlsfield Place, a stylish collection of 102 luxurious contemporary apartments, penthouses and 6 x freehold houses set-in picturesque Earlsfield *SAVE £££ WITH THE STAMP DUTY HOLIDAY *BOOK YOUR APPOINTMENT TODAY * SHOW HOME NOW AVAILABLE TO VIEW** COMPLETION EST Q1 2021 *2earlsfieldplace.co.uk Private and social housing in the borough of Wandsworth. The minimum share you can purchase is 25% and the maximum is 75%. Shared ownership. With both Outright Sale and Shared Ownership for sale, all homes at Wandsworth Exchange are thoughtfully designed to offer effortless living and an escape from the bustle of city life. Tooting Conservatives have chosen their candidate to fight the next General Election. We are committed to delivering over 1,000 new council homes, with 60 per cent available at discounted rates to rent or buy and market housing targeted to local buyers committed to owning and occupying.". 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