TRY OUR MONTHLY COST COMPARISON TOOL TO SEE HOW MUCH SHARED OWNERSHIP COULD COST YOU
First-time buyers in London face significant challenges in an increasingly competitive housing market. One of the primary struggles is the high cost of properties, making it difficult for many to save for a substantial deposit.
It's this gap that Shared Ownership helps to fill. By sharing the ownership of the property with us you are able to significantly reduce the up front deposit and borrowing needed to purchase your first home in London.
Our monthly cost tool can show you what it could cost to live in an area of London you love.
Promotion
Get up to £6,875* worth of incentives on selected one and two-bedroom apartments across London this Summer. Register your interest to find out more.
Cost Calculator
WHAT IS SHARED OWNERSHIP?
With Shared Ownership, you can buy a high-quality home in affordable stages. You start out by buying a minimum share of your home (usually 25% but it depends on the development). You pay a mortgage on the part you own and subsidised rent on the other part.
A FASTER ROUTE TO HOME OWNERSHIP
You only have to pay a deposit based on the share of the home you own, which is a portion of its overall value. That means you need a smaller deposit than if you were buying the home outright.
YOUR SPACE, YOUR WAY
You have more freedom than renting. You can make the space your own, decorate how you like, choose to share your space with pets, and live your London life your way, for as long as you choose to live here.
FLEXIBILITY FOR THE FUTURE
With Shared Ownership, you can choose to increase the amount you own all the way to 100% if and when it best suits you, making Shared Ownership an investment in your future.
†Cash back incentive available on reservations made on eligible one-bedroom apartments until 17th February 2025 at selected developments only. Offer is subject to lender approval, terms and conditions apply. Incentive is payable up to 28 days after completion. Must complete on or before 21st March 2025. Speak to your sales team for more information.
Shared Ownership - What do you need to know
FAQs
Some of our most frequent 'Frequently Asked Questions'. See more below
We want you and your furry pals to feel welcome when you step through the door of your new home. Our developments are usually pet-friendly - if you find a home you like, make sure you mention this to the sales team so they can check this for you:
- Your tenancy or lease and any estate agreement or rules
- The size and layout of your home
- The access to the property (own or shared entrance)
- The type and size of pet requested
- If you have a garden or communal grounds
- If you have any existing pets
The costs associated with maintaining the development you live in.
You pay for any repairs inside your home and if your home is in a block then the service charge you pay goes towards maintenance and repairs in shared areas.
Yes, on 1 April every year, usually based on the Retail Price Index plus 0.5% per year. But for resales it will be based on the increase that was set out when the first under-lease was granted.
When you own 100% of your home but, if your lease includes it, you’ll always pay ground rent.
The View At Aspect Croydon
Gadwall Quarter - 1 bedroom apartments
Heybourne Park
Kidbrooke Square - 1&2 bed homes
Lampton Parkside
The Perfume Factory - 1 bedroom apartments
Royal Albert Wharf - Private Sale
Why Choose Shared Ownership With NHG Homes?
With more than 40 years of expertise in creating homes and nurturing sustainable and vibrant communities across England’s capital and South East, NHG Homes is committed to helping you Choose London.
