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First shared ownership homes

Families struggling to get on the housing ladder are being given a helping hand thanks to the council’s first ever shared ownership scheme.

The four 2-bedroom apartments are being marketed as part of the first phase of the Manor Lane Estate regeneration scheme in Feltham.

Buyers will be able to buy a 45 per cent share in the new homes, making them affordable for households with an income of £33,000.

Cllr Steve Curran, cabinet member for housing, planning and regeneration at the council, said: “These are the first shared ownership homes we have built, and it’s a much needed boost for local families looking to find affordable homes.

“When we decided to begin work on the estate, we wanted to make sure we were getting a good mix of residents, with social rented, private and affordable housing to buy.

“Shared ownership bridges the gap between social renting and private ownership, and offers people an affordable route to home ownership.”

The homes are available to people living or working in London Borough of Hounslow, with household incomes of between £33,000 and £66,000, who have been unable to buy a house on the open market.

Tenants of existing homes on Manor Lane will also be moving into their new homes on the estate next month as part of the first phase of the regeneration. The second phase will see 10 social rented houses and 36 private sale units built on site.

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