USE OUR TOOL TO SEE HOW MUCH A SHARED OWNERSHIP HOME IN LONDON COSTS.
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 calculator will show you what it could cost to live in an area of London you love.
Monthly Cost Results
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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 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.
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.
*According to Home Let https://homelet.co.uk/homelet-rental-index/london