Find a home with Discount Full Ownership

To be eligible for Discount Full Ownership, you must meet the relevant criteria:

• You need to live or work in the borough of the development, although this may extend to all London boroughs after a set period of time.
• Your household income must not exceed £90,000. However, please be aware that particular local authorities sometimes set a lower income cap for a set period of time.
• You must not already own another home.

Yes, Discount Full Ownership is only available to first time buyers. If you currently or have previously owned a home in the UK or abroad, you would not be eligible for this buying scheme.

Discount Full Ownership homes sell for at least 20% below local market prices, with the buyer purchasing 100% of the home.

You would need to arrange a mortgage, which will typically require a deposit of 15% of the sale price; the amount of deposit required will depend on the mortgage provider you choose, the terms of the mortgage, your income and your credit rating. In addition to your mortgage repayments, you will also be required to pay a service charge but this can vary from building to building.

Discount Full Ownership is offered by property developer, Pocket Living, and is only available on homes in London. Pocket Living list their one bedroom apartments on Share to Buy, head to our property search tool to find available homes available across the capital.