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.
Published:
10:59 AM January 6, 2021
A computer generated image of one of the buildings at the Pontoon Reach housing development in Silvertown.
- Credit: Redrow
The first apartments at a major housing development in Silvertown, which will have 295 homes across four buildings, are set to go on sale.
Pontoon Reach, in Thames Road adjacent to North Woolwich Road, will feature a mix of studio flats, homes with one to three bedrooms and duplex apartments set over two floors.
Housebuilder Redrow and housing association Peabody, which have partnered on the development, expect the first homes to be completed this summer.
The 69 homes in the River Walk building will be available to buy from January 16.