What is Shared Ownership?
Shared Ownership is an affordable home ownership scheme which makes it easier for eligible purchasers to get on the property ladder. Buyers get a mortgage for the share they can afford, and pay rent on the remaining share.
Shared Ownership FAQsFind out more
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 North London, 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 North London?
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 North London?
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 North London?
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 North London?
Share to Buy lists thousands of Shared Ownership homes all across North London 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!
The steps to find your new Shared Ownership home
Find your home with Share to Buy
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.
Shared Ownership North London - Shared Ownership Properties for Sale in North London - Share to Buy
If you’re a first-time buyer, you may feel worried that home ownership is beyond your reach. With Shared Ownership homes in North London though, that doesn’t have to be the case, as that vital first step onto the property ladder can be more accessible than you realise. Help to Buy homes in North London also offer affordable options to allow buyers to unlock the door to their dream home.
To stay updated with the latest Shared Ownership and Help to Buy properties in North London, make sure you sign up to Share to Buy and register to receive alerts when suitable properties are added to the market.
London is a city full of hidden delights. That’s what makes it so special. The iconic image of the capital, especially for those who are new to the city, has a certain buzz surrounding it. Discovering that it not only lives up to the hype but also has all these extra depths you weren’t even aware of is one of the most thrilling experiences in travel. In fact, one of the things we think makes London such a magical city to live in is that feeling comes in waves, as you discover more and more of what it has to offer.
This is the case for every part of London. There’s not an inch of the city we don’t love. However, we’re going to pay extra attention to North London here. That’s because this area manages to be the closest to visitors’ expectations while also being the one that often manages to surprise the most.
However, you can’t talk about North London as one uniform entity. Of course, it is made up of many wonderful areas like Camden, Barnet, Enfield, Islington and more. Each of these places are individual locations with their own attributes which make them special and contribute to the incredible melting pot of the city as a whole. One of our favourite things about North London is how much variety in properties and locations you can find.
This is a city that knows that one size does not fit all. That’s why it offers so much diversity. As we said, it manages to surprise while delivering on all the promises of the capital. You can indulge in those classic London experiences, such as swimming in Hampstead Heath ponds, going for a stroll in Regents Park, seeing a gig at Ally Pally or checking out any of the amazing bars, clubs and pubs as part of its legendary nightlife.
On top of that though, there’s also the stunning nature reserves, the charming little eateries and the inspiring art house cinemas to help deliver something truly spectacular. And what is really magical is that these surprises don’t stop coming. North London is always moving forward, meaning that when you call it your home, you get to go along for the ride too.
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