Shared ownership makes it possible to own your home – even if you feel priced out of the property market. It’s an affordable home ownership scheme designed as a stepping-stone to outright ownership if you can’t afford to buy a home on the open market.
Under a shared ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder in the London area.
With a shared ownership property you become an owner-occupier. This gives you the long-term security and stability of home ownership at a price that’s still affordable.
Some advantages of shared ownership:
- You'll own part of your home, rather than paying rent with no return
- Your monthly mortgage and rent can work out much cheaper than buying outright, and sometimes not much more than renting
- You can buy more shares in your home or sell it if you want to
- You only buy what you can afford so you don't overstretch yourself financially
You will find all the information you need about our shared ownership homes on LQ Homes.