Our handy tool shows how much money you could keep in your pocket by choosing shared ownership over renting.
And how much equity you'll create in that time.
Renting is becoming even more costly. The average rent in London is now over £2,100 per month*, 13.5% higher than in 2022. If you’re a renter and you move to a new place, you’ll have to pay a large tenancy deposit (sometimes two months upfront), even for a short-term tenancy, which is becoming far too common. If you want to stay on at the end of the lease, you may have to agree to a large rent increase, as private rent is uncapped. Add to this the cost-of-living crisis, and it’s no surprise that rents can take up a higher percentage of an income that’s being stretched thinner and thinner.
Did You Know
Did you know that you could be spending less every month by part-owning your own home rather than private renting, in the very same area, with Shared Ownership. Our monthly cost calculator will show you what it could cost to live in an area of London you love.
This calculator is designed as an illustrative tool to help show the difference in monthly costs for shared ownership and rent. Your circumstances may be different from those illustrated here, speak to a member of our team to understand further your situation and what it could mean for you.
Shared Ownership Costs
We have used an example of a 30-year mortgage at a rate of around 5.5%. We have also assumed a 5% deposit. We have also taken an average of around £2,500 for the costs associated with gaining a mortgage. Your circumstances may vary. Stamp duty also doesn't show in the calculator. This is subject to the circumstances around the sale. Please talk to a team member to find out more.
The 3 year percentage of equity figure is calculated against the full market value of the property at the point of purchase. This figure is again illustrative and may change within your period of ownership.
Please note all costs, including service charge, are subject to changes. The prices shown are illustrative using time of purchase figure estimates.
Rental Costs
The rental comparison is taken from a market average for the area near to our development. We look at similar-sized rental homes being advertised and create an area average. These numbers are correct as of August 2025. Rental deposits are assumed at 5 weeks of rent.
If you have any questions or would like to know more, please contact us through the contact us form here.
Compare monthly costs for Shared Ownership and Renting
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, have a pet and live life your way.
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
†Incentive available on selected one- and two-bedroom apartments at selected developments only on new reservations made by 1st September 2025. Offer is subject to lender approval, terms and conditions apply. Incentive is payable up to 28 days after completion. Eligibility and affordability criteria applies.
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
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.
