London Home Show Guest Blog: Get Living with Shared Ownership
Wednesday 15th March 2017
Our latest guest blog comes from L&Q, sponsors of the London Home Show Spring 2017. The blog, by L&Q Regional Sales Director, Lucy Chitty, looks at L&Q's new Shared Ownership awareness campaign, PricedIn Living.
"It’s no secret that home ownership in the capital is growing out of reach for many, with more and more Londoners feeling increasingly priced out of the property market. According to a recent report from JLL, by 2025 it is expected that 60% of people living in London will be renting.
At L&Q we have just launched our latest Shared Ownership awareness campaign, PricedIn Living, which highlights the sense of stability getting onto the property ladder can bring.
Shared Ownership is an alternative route to home ownership which allows buyers to purchase a share in a property - usually between 25% and 75% – paying a mortgage on the part they own, and a subsidised rent on the part they don’t. It has a proven success rate across the country and is helping prospective buyers onto the property ladder quicker; National Housing Group data shows that on average, Shared Ownership buyers are up to eight years younger than other first time buyers, at just 25.
With home ownership comes stability and security, helping you to feel like you really live in London. We’re often asked if you can redecorate your Shared Ownership property. Absolutely! You can paint the walls, add a splash of colour, add all of those personal touches – you can truly make it your own, safe in the knowledge that this is your home.
At L&Q, we have a broad range of Shared Ownership homes across the capital. Launching this spring, Morris Court is the perfect development for commuters; moments from Colliers Wood Station and Tooting National Rail Station, residents will be connected to London Bridge and Bank in just 25 minutes. Ideal for growing families, the development has generous two and three bedroom homes with plenty of space for children. Looking north to Cockfosters, combining the best of town and country living, there are one and two bedroom Shared Ownership homes available at Bolingbroke Park. Residents can enjoy landscaped open space onsite, surrounded by mature trees, a lake and a ‘trim trail’. Set to be a buzzing new cultural quarter for South East London, L&Q are currently selling their next phase of Shared Ownership homes at landmark riverside development, Greenwich Peninsula from £95,000 for a 25% share of a one bedroom home.
For further information on how Shared Ownership can help you start living in London, visit www.lqpricedin.co.uk/living"
Share to buy offers a one-stop-shop for affordable housing.
You can search for shared ownership properties for sale on the part buy part rent scheme.
You can also search for shared ownership mortgages. Further reading: getting started; part buy part rent in London; shared ownership mortgage comparison site. Finally, you can find general information about shared ownership at www.sharetobuy.com/gettingstarted/partbuy-partrent
6th January 2018
The London Home Show Spring 2018 takes place on Saturday 3rd March at the QEIIC, Westminster, 11am – 5pm. The event, supported by the Mayor of London, is the No.1 event for first time buyers in the capital.
20th December 2017
Tickets are now available for the London Home Show Spring 2018. The London Home Show is the no.1 event for first time buyers in London, and takes place on the 3rd March 2018 at the Queen Elizabeth II Centre Westminster. It's free to attend, register today to get your FREE tickets.
20th September 2017
Shared Ownership Week returns for its fifth year, 21st - 27th September. Shared Ownership week raises awareness this home ownership scheme which offers a life line to thousands of first time buyers.
19th September 2017
Countdown to the London Home Show Autumn 2017: Our sponsor Crest Nicholson give you the low down on their fantastic development Dylon Works, available via Help to Buy London.
FIRST STEPS is committed to the promotion of all types of accessible housing in London. We want to make the journey into your new home as simple as possible and to be sure that you know what to look for when searching for an affordable accessible home. All developments must be rated according to the type of accessibility they offer. That is why we have the following guide, based on the information provided in the Mayor of London's Accessible Housing Register, to help you understand what the rating of each property actually means.
A - Wheelchair Accessible Throughout
Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessibly. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.
B - Wheelchair Accessible essential rooms
Complies with the Wheelchair Housing Design Guidance within the Housing Corporation Scheme Development Standards. Properties designed of adapted to provide access for wheelchair users to essential facilities of the property (that is, a bedroom, bathroom, toilet, living room and kitchen). Other rooms in the house such as additional bedrooms or bathrooms may not be wheelchair accessible.
C - Lifetime Homes
Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.
D - Easy Access
Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.
E - Step Free
No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.
E+. Minimal steps
No published access design guidance. Properties that do not meet any accessibly housing design guidance and have a limited number of steps to enter the property. Properties in this category will have no more than four steps to access the front door and are likely to be ground floor properties or properties in a block with a lift and a small number of communal or property front door steps.
F - General Needs
General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.
The Accessible Housing Register captures the essential information which determines the category awarded to a property. Additional information is also collected. This includes:
- Details of major adaptations such as level access showers and stair lifts
- Private garden or balcony
- Proximity to local shops
- Proximity to public transport