Computer-generated image indicative of apartments at Pontoon Reach in London s Royal Docks.
- Credit: Peabody
How Shared Ownership can help you get on the property ladder and find your dream London home.
Lattifah Harris from Peabody Housing Association tells us more about Pontoon Reach - an exciting new development from Redrow and Peabody in the heart of London’s Royal Docks - and explains the benefits Shared Ownership can offer:
1. Affordability
Shared Ownership gives you the chance to buy a share of your home, meaning your monthly mortgage amount will be smaller than buying a property outright. You can take out a mortgage that covers the share amount you choose to purchase and pay a subsidised rent on the rest.