London Home Show Countdown: SO Resi
SO Resi unlocks the door to home ownership in London
First-time buyers in London put down an average deposit of more than £110,000, according to the latest Halifax First-Time Buyer review*. This eye-watering figure means it’s no surprise that many people have given up hope of getting on the housing ladder in the city.
But it doesn’t have to be this way. Shared Ownership is making it possible for more people to afford a home; you buy a share of a house or apartment which can be as little as 25% but no more than 75% – whatever you can afford based on your household’s income. You only need a deposit of 5% to 10% of the share you buy which is much lower than a deposit on the full price. You then take out a mortgage to cover the rest of your share and pay SO Resi a monthly payment on the share you do not own. If you’d like to own more of your home in future, you can buy more shares whenever it suits you until you own 100% of your property.
A huge advantage of Shared Ownership is that it opens up the option to buy a home in London’s most popular areas, where many people have been priced out of the market.
SO Resi offers a fantastic selection of Shared Ownership homes in some of the most sought-after parts of the capital and deposits are very accessible, starting at less than £4,000.
All of these high quality homes are in carefully selected locations, near shops and other amenities, and close to a station for quick access across London.
If this sounds too good to be true, take a look at these examples of SO Resi Shared Ownership homes currently available across London.
South West London
Close to bustling Clapham High Street and surrounded by plenty of green space, these one and two bedroom apartments are beautifully designed with fully integrated kitchens and oak flooring. Clapham South tube (20 minutes to Oxford Circus) is within a 15-minute walk.
From £99,500 for a 25% share (full price £398,000)
5% deposit: £4,975
South West London
SO Resi Twickenham *last few remaining*
Just moments from the town centre and a short stroll from Richmond Riverside, these spacious two bedroom apartments are designed in an open-plan arrangement with floor-to-ceiling windows. Residents enjoy a communal roof terrace and Twickenham station is three minutes’ walk away.
From £149,999 for a 30% share (full price £499,995)
10% deposit: £14,999
SO Resi Brixton *just one home remains*
Just one three bedroom apartment remains for sale at this fantastic development close to Brixton Village and eight minutes’ walk from Brixton tube (11 minutes to Oxford Circus). The homes are set around landscaped gardens and each has a private balcony or terrace.
From £207,500 for a 25% share (full price £830,000)
10% deposit: £20,750
Set on Totteridge’s lively high street, these modern one, two and three bedroom apartments benefit from private outside space, landscaped courtyards and allocated parking. King’s Cross St Pancras is a quick 25-minute train ride away.
From £100,000 for a 25% share (full price £400,000)
5% deposit: £5,000
North West London
These one and two bedroom apartments are close to the revitalised waterside in Alperton and less than ten minutes’ walk from the town centre and five minutes from the station (33 minutes to Piccadilly). Each home has a balcony or terrace and allocated parking is available.
From £75,000 for a 25% share (full price £300,000)
5% deposit: £3,750
North East London
Close to the centre of Walthamstow, these contemporary two bedroom apartments are a few minutes’ walk from St James overground station and less than ten minutes from Walthamstow Central (20 minutes to Oxford Circus). Every home has a balcony or terrace and there is even a concierge service.
From £118,750 for a 25% share (full price £475,000)
5% deposit: £5,938
Find out more from SO Resi by Metropolitan Thames Valley on Stand 39 at the upcoming London Home Show, Saturday 21st September! Book your free tickets to London’s no.1 first time buyer event at the QEII Centre in Westminster: sharetobuy.com/homeshow