As one of the largest and most respected housing developers in London, we have Shared Ownership homes available right across the city.
Shared Ownership is a government backed scheme designed to help you get on the property ladder and make buying a home more affordable.
With Shared Ownership you buy a share in a property – from 25% to 75% of the full market value – and pay us a lower-than-market rent on the remainder.
Because you only have to put down a deposit on the share you buy, you won’t need to save as much for deposit as you would if you were buying outright.
We'll help you work out what share you can comfortably afford, but you can increase it later if for example your income goes up (this is known as staircasing).
Can I choose the kind of property I want to buy?
We offer everything from studio flats to four-bedroom houses, and we're building new homes all the time. On top of that, over 200 current homeowners put their properties up for sale through us every year, so there's plenty of choice.
Can I choose where I want to live?
You can tell us which borough you'd prefer to live in on your application form. Sometimes our developments are restricted to applicants who live or work in the borough already.
How much will a Shared Ownership home cost?
Our new homes are priced by an independent, RICS (Royal Institute of Chartered Surveyors) registered surveyor, so you can expect the purchase price to be similar to comparable new homes in the area they’re built in. On a monthly basis, owning with a Shared Ownership is usually equivalent to the cost of renting a similar home privately, with the added benefit that you own a share in the home’s value.
Are there any restrictions on these homes?
There are some restrictions, yes. For example, you won't be allowed to sub-let your home, you have a specified buyer nomination period if you want to sell your home (usually eight weeks – this allows us the opportunity to make your home available to people who need Shared Ownership to be able to buy rather than losing the home to the private market), and you'll need our consent before you make any structural alterations to the property. We explain the terms of your purchase in more detail when you apply to buy.
Do I have to share my home with anyone else?
No! Shared Ownership doesn’t mean you have to share your home with someone else. The shared element just means that you own a share and we own the rest. You can, of course, apply to make a joint purchase if you want to buy with a partner, a member of your family or a friend.
Want to apply or get more information?
Please give us a call on 0203 815 2222.