According to data from a leading property portal, London is the most expensive place to rent a home in the country, with average rental prices almost double that of the UK average.* Meanwhile, the portal reports that those looking to buy their first home in the city are, on average, being faced with property prices of around £699,010.**
For Londoners set on finding their home firmly within the M25, there’s another option: Shared Ownership. A government-backed scheme helping first-time buyers take their first step onto the property ladder, Shared Ownership allows you to purchase a share in a property (usually between 25% and 75%) and pay rent on the remaining portion. As you will only pay a deposit on the share you are purchasing, deposits are usually much lower compared to when buying on the open market.
Over time, you can buy additional shares as your financial situation improves, eventually owning your home outright, through the process of staircasing. L&Q has Shared Ownership homes in every corner of the capital, suiting the needs of Londoners far and wide.
L&Q at Clarendon is a great choice for those looking to settle in the north of the capital. Located in the London Borough of Haringey, L&Q at Clarendon offers one-, two- and three-bedroom homes through Shared Ownership. The development is part of a growing new residential neighbourhood forming part of the Haringey Heartlands Regeneration scheme and is close to a range of desirable amenities. Pricing for homes currently available starts from £84,374 for a 25% share of a one-bedroom apartment (FMV: £337,500).
For those set on life in east, Barking Riverside is a landmark neighbourhood for the capital, bringing new homes alongside an array of social infrastructure to the area. Offering a brand-new collection of one- and two-bedroom Shared Ownership homes, the development is a joint venture between L&Q and the Mayor of London, set alongside 2km of River Thames frontage. With pricing starting from £65,625 for a 25% of a one-bedroom apartment (FMV: £262,500), Barking Riverside provides an affordable route onto the London property ladder.
South of the river, Addiscombe Oaks in fashionable Croydon offers a collection of two- and three-bedroom Shared Ownership apartments, located just moments from East Croydon Station. With excellent transport connections to London Bridge, Gatwick Airport, and Brighton, residents benefit from a prime location with fast links to the city and beyond. The development features stylish, modern homes, each with private outdoor space and access to communal gardens, perfect for all types of buyers. Current Shared Ownership prices start from £109,375 for a 25% share of a two-bedroom apartment (FMV: £437,500).
In the west of the capital is Kew Bridge Rise – a brand-new development on the border of Chiswick and Brentford. A joint venture between L&Q and The Hill Group, Kew Bridge Rise offers one- and two-bedroom Shared Ownership homes as well as impressive resident-only facilities, including a gym, a co-working space, and an in-house concierge. Homes are currently available to those who already live or work in the London Borough of Hounslow, before opening up to other areas later this year. Pricing for Kew Bridge Rise starts from £107,500 for a 25% share of a one-bedroom apartment (FMV: £430,000).
For those looking to live away from the hustle and bustle of the city, but still wanting a fast commute into the capital, The Arbour is a thriving neighbourhood within the popular Beaulieu development in Chelmsford. Ideal for growing families, The Arbour features an impressive array of onsite amenities, green spaces and transport links. A brand-new collection of Shared Ownership homes is coming soon
to The Arbour – prospective buyers can their register interest on our website to be kept up to date with the release. Discover your options with L&Q today. Visit: lqhomes.com