Legal & General Affordable Homes: A new door for 2024
Shared Ownership in Enfield, Newham, Hammersmith & Fulham, Brentford and Sussex
You’ve imagined that feeling of opening your very own front door one day, when you put your key in, and open the door into a space that you can call home, a place where you can let your hair down, unwind and rejuvenate. There may be challenges to getting on the property ladder but that dream of walking through your own front door is within your grasp with Shared Ownership.
Shared Ownership is a government-backed scheme that gives first time buyers and those that do not currently own a home the opportunity to purchase a share of a home’s full value and pay a subsidised rent on the remainder. The deposit required is typically much smaller because it is calculated against the percentage of the share you purchase. Through a process called staircasing you can incrementally increase your share of the property to 100% over time should you wish to.
Here are some crucial facts about Shared Ownership:
Shared ownership is not just for first time buyers – as long as you meet the eligibility criteria, it doesn’t matter whether you’re a first time buyer, a downsizer, a relocater or a growing family.
Shared Ownership gives you the freedom to decorate your home as you please. However, you would need to get permission for larger works to ensure it does not affect the structure of the building.
Shared Ownership generally means paying less each month than you would privately renting. You can use LGAH’s affordability calculator to check how much you might be paying.
So, what kind of homes are available are available through Shared Ownership? If you’ve resolved to be more active and fit this year, look no further. Legal & General Affordable Homes has properties available via Shared Ownership all over the country that are near vast open spaces, or leisure centres, or unique facilities like horse riding schools and even some that offer onsite gyms as part of the package – all geared to help you get some you-time while working up a sweat.
Trent Park, London: Aside from being located in the middle of 413 acres of historic parkland, homes at Trent Park are also right next to the Trent Park Equestrian Centre for the keen riders and the Enfield and Hadley Wood Golf Clubs for those who golf whatever the weather.
A minimum 25% share at Trent Park starts at £110,625.
East River Wharf, London: A full-size swimming pool, a spa and modern gym are part of the package with every Shared Ownership property at East River Wharf. The apartments also come with cycle storage facilities to take advantage of the cycleways and quiet ways in East London – C3 and Q14 are a stone’s throw away from East River Wharf.
A minimum 25% share of apartments at East River Wharf starts at £96,875.
Acer Apartments, London: In the heart of London and right next to Flipper’s Roller Boogie Palace – the trendiest place in the capital to throw shapes with your skates on – and also escape the weather. If inclement weather doesn’t bother you, you can join Swim Serpentine at Hyde Park, or go for a bracing walk in Kensington Gardens, or a gentler, more visually engaging walk in the Japanese gardens at Holland Park.
A minimum 25% share at Acer Apartments starts at £126,250.
The Moorings, London: Offers the trio of Syon Park, Kew Gardens with its gorgeous Treetop Walk, and the red and fallow deer at Richmond Park. Long walks, plenty of flora and fauna and a chance to rejuvenate in nature while being within touching distance of London.
A minimum 25% share at The Moorings starts at £131,250.
Stoke Manor, Sussex: Nothing declares you’re British louder than a walk on a blustery beach in mid-winter, something that Stoke Manor can offer in spades, given it’s a five-minute drive or a 20-minute walk to the Seaford beach. What’s more, homes at Stoke Manor are a five-minute walk from the Downs Leisure Centre that not only boasts a gym, all-weather football pitch, an aerobics studio and a café, it’s also a hub of activity with plenty of community events hosted here.
A minimum 25% share at Stoke Manor starts at £70,625.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home-buying schemes such as Shared Ownership via our article index.