Choose London, Choose Shared Ownership
In recent research conducted by NHG Homes – in partnership with Opinium – four in five London renters said they were optimistic about getting on the property ladder over the coming years. However, for many, the deposit needed to buy a home on the open market is out of reach as the average deposit held is £22,963.
This challenge is even more prevalent for those buying solo. Of those surveyed, under a half said they were hoping to purchase a home on their own in the coming years, while a third of those planning to buy with another person said it was because they couldn’t afford to buy alone.
NHG Homes offers homes to buy with Shared Ownership – where buyers part own and part rent a home – giving Londoners the opportunity to put down roots in popular, sought after locations with lower deposits than are required on the open market. Use this page to learn more about the process, and how we can provide you with an amazing new home.
How Shared Ownership Works For You
Below we compare the monthly and three-year cost of living between private renting, outright ownership and a shared ownership route. These examples are from our Lampton Parkside development in TW3.
*Service Charge is estimated only based on paying £3.43psf per annum on a one-bedroom apartment at Lampton Parkside in TW3. Monthly Mortgage repayment is estimated only and is based on a 5.5% fixed interest rate over 30 years. All costs shown are for illustrative purposes only. Actual rates may vary and are dependent on your personal financial circumstances.
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.
Why Choose NHG Homes?
The average new build homebuyer saves £135 a month on energy bills, amounting to more than £1,600 a year, compared with purchasers of equivalent older properties. NHG Homes are committed to providing energy-efficient homes that are better for the environment whilst lowering your monthly bills.
Aspect Croydon
Gadwall Quarter - 1 & 2 bedroom apartments
Heybourne Park
Kidbrooke Square - 1 to 3 bedroom apartments
Lampton Parkside
The Perfume Factory - 1 bedroom apartments
Royal Albert Wharf - Private Sale
*Subject to Terms and Conditions, see development page for details
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.
