There are vibrant new communities with amazing amenities within your budget.
Shared ownership makes a four-figure deposit a reality – even within an easy commute to central London. We’ve even found a place where you put down less than £3,000…
Saving a deposit is a huge stumbling block on the road to home ownership. Data from Hamptons shows that the average first home in London costs nearly £445,000. A ten per cent deposit equates to £44,500, yet NHG Homes has revealed that 81 per cent of first-time buyers in the capital are unable to raise more than £40,000.
Buying is much more affordable with shared ownership because the deposit is usually only five or ten per cent of the portion purchased.
For example, according to Share To Buy, the average new shared ownership home in London has a full market value of £463,401 and the average minimum share price is just under £140,000. However, the typical minimum deposit …