Shared Ownership homes for first-time buyers
Shared Ownership is an affordable housing scheme designed to help first-time buyers get onto the property ladder. You can usually buy an initial share of 25% to 75% of the value of a home, and you’ll need to take out a mortgage to pay for your share of the home’s purchase price. As you are getting a mortgage on the share only, the deposit you need is much smaller than buying on the open market.
You will then pay a subsidised rent on the share you don’t own, and there will also be a service charge to make up the monthly cost of buying through Shared Ownership, often less than compared to renting privately. Discover some of our featured Shared Ownership homes below for first-time buyers.
The Verdean
🛏️ 1 & 2-bedroom Shared Ownership apartments
💷 From £161,200 (40% share of £403,000)
📍 Located in Acton, W3
Features;
- Dedicated residents concierge, screening room, gym & cycle club powered by Peleton.
- Landscaped gardens designed in partnership with Roya Botanic Gardens, Kew.
- Located just moments from the Elizabeth Line with access to central London in minutes.
Zone Oval Village
🛏️ Studio Shared Ownership apartments
💷 Launching spring 2025
📍 Located in Oval, Lambeth, SE11
Features;
- 24-hr concierge service including residents gym and meeting rooms.
- Access to roof terrace & podium gardens.
- Fantastic transport connections with access to Bank in just 6-minutes and London Bridge in 9-minutes.
"We really wanted to stay in London and buying through Shared Ownership was the best way to make this happen. Everyone at Peabody New Homes was so helpful and very efficient, guiding us through each stage of the process. From my initial phone call, they managed to book me an appointment for the following week. I was so impressed with the quality of the homes here."