Flat for sale in Southall UB2, 3 Bedroom

Shared ownership is a government-funded scheme intended to help first-time buyers or anyone who could not buy a home any other way. It allows you to buy between 25% and 75% of a home using a mortgage, and pay subsidised rent on the remaining share. You can choose to buy further shares in the property later, when you can afford it. You can eventually own 100% of the property. For further information on eligibility, please contact Octavia Living on .

See example below based on purchasing a 3 bedroom apartment (25% share) at Witley Wharf, Southall, UB2 4ES.

Full Market Value: £410,000
Minimum Share: 25%
Share Price: £102,500

To meet the affordability requirements for the above property, you will require :

Min. Deposit: £5,125
Min. Household Income: £47,264

Please note: If you have a much larger deposit and your income is lower than what is required, you may still qualify, please contact our sales team for further advice.

Your anticipated monthly outgoings will be as follows :

Mortgage: £479
Rent: £664
Service Charge: £160

Total monthly outgoing: £1,303

Please note: Mortgage figures quoted above are for general guidance only and can vary depending on your individual circumstances. You will need to speak to a mortgage consultant for further advice.

Witley Wharf

Witley Wharf is an attractive collection of 46 one, two and three-bedroom apartments set in a quiet area by the calm waters of the Grand Union Canal. As the arrival of Crossrail brings the rest of London a whole lot closer to Southall, its popularity is on the rise - making now a great time to buy.

Well designed and with a high quality finish, these sophisticated homes are all available for shared ownership, so buying a home you love here is more affordable.