Helping you along the buying process

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Search for a property in Lambeth
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Tools to check your affordability
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Tools to check your affordability
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Shared Ownership FAQs

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Does Shared Ownership mean sharing with someone else?

No – this is a common misconception but the ‘shared’ aspect of the scheme simply means you’re sharing ownership of your home with a housing association.

If you decide to buy a Shared Ownership home in Lambeth, you’re effectively purchasing a portion of your property. Your initial share will usually be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.

Can I ever fully own a Shared Ownership home in Lambeth?

Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.

When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.

If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.

Do I meet the eligibility criteria for Shared Ownership homes in Lambeth?

As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.

For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.

How much does Shared Ownership cost in Lambeth?

Shared Ownership properties enable you to put down a smaller deposit compared to those required on the open market – buyers will usually need to put down 5% to 10% of the share that they’re buying, rather than the full market value of the home.

On a monthly basis, buyers will be required to pay their mortgage, a subsidised rent and service charge on their home, however, these repayments often work out cheaper than or equal to renting privately in the same area. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy.

Are there Shared Ownership homes in Lambeth?

Share to Buy lists thousands of Shared Ownership homes all across Lambeth and beyond – including new build properties and those available through resale.

Shared Ownership is available on a variety of homes including cosy studios, stylish apartments and traditional family homes. Check out our property search tool to start looking for your new home today!

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The steps to find your new Shared Ownership home

1
Research
We have a wealth of tools, FAQs, guides and blogs to help you understand your options
2
Search for a property
Find the right home for you in Lambeth and register your interest
3
Speak to the specialists
Contact a Mortgage Broker and Solicitor Panels to help you through the buying process

Find your home with Share to Buy

Learn more about the UK's leading first time buyer property portal, specialising in affordable home ownership options including Shared Ownership and Help to Buy
Start your search today
Who are Share to Buy?

Share to Buy is the leading online portal for Shared Ownership properties. Established in 2004 as the UK’s first specialist online mortgage broker for affordable home ownership products, the site has since developed into a one stop shop for first time buyers, offering the country’s largest listing of Shared Ownership homes from many of the UK’s biggest housing providers.

Why should I register with Share to Buy?

Share to Buy is the nation’s biggest and best established affordable home ownership property portal, making it the ideal website for first time buyers looking to take that first step onto the property ladder.

Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.

Acting as a one stop shop for first time buyers, Share to Buy also offers handy FAQs and guides, interactive mortgage tools, mortgage broker and conveyancing panels, and live events to help potential purchasers on their home-buying journey.

Can I advertise my home on Share to Buy?

If you are a housing association or developer selling properties through Shared Ownership, Help to Buy and other affordable home ownership schemes, we can list your new build and resale homes on the Share to Buy property portal.

As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home.

Find out more about advertising your Shared Ownership property on Share to Buy.

Shared Ownership Lambeth - Shared Ownership Properties for Sale in Lambeth - Share to Buy

For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Lambeth can help them to take those vital first steps on to the London property ladder. Help to Buy homes in Lambeth can also help potential purchasers to put down roots in an area they love, and finally, find a place to call their own.

If you want to keep up to date with Shared Ownership and Help to Buy homes in Lambeth, all you have to do is sign up to Share to Buy and register to receive alerts. We’ll then automatically notify you when new properties become available.

Found on the south bank of the River Thames, Lambeth is a much-loved borough and a particularly enticing spot for potential property buyers in the capital.

Lambeth has a very storied history; in fact, its earliest known name was Lambehitha, which dates way back to 1062. This sense of holding onto pieces of its past can be found most prominently in the incredible murals and nods to its heritage throughout the area, which often depicts its social and political history.

Sandwiched between Wandsworth and Southwark, and within easy reach of the City of London across the River Thames, Lambeth is in an ideal location for those looking to make the most of what London has to offer. When living in Lambeth, you’re not just getting the incredible attractions that the borough itself has to offer but, by extension, easy access to the many cultural hot spots all around London.

News

London Home Show Sponsors: Meet L&Q

Selling your Shared Ownership home – the lowdown with L&Q Embarking on the journey of buying a Shared Ownership home is an exciting time. You might be dreaming of hosting your first dinner party in your new digs or having that first night in catching up on The Traitors in your cosy living room. However,…

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London Home Show Sponsors: Meet NHG Homes

Bringing you Shared Ownership homes all across London NHG Homes are delighted to be returning to the London Home Show this April, where we hope to help as many people as possible to realise their dream of buying a home. NHG Homes is one of the UK’s leading housing associations, with over 40 years’ experience…

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Legal & General Affordable Homes: Lower deposits with Shared Ownership

First time buyers homes to get on the property ladder There are many things that attract us when finding our dream home – it may have open green spaces on the doorstep, or be right next to the river, or nestled in a neighbourhood where all your friends and family live. But sometimes the dream of…

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