Saturday, June 22, 2024

Get Moving Without a King sized Deposit with Shared Ownership

If you aspire to get on the property ladder but find yourself wondering “How am I ever going to be able to save up a deposit to buy my own home?” shared ownership might be the answer.  

Rising house prices, a tougher rental market and the cost of living have made it challenging for first time buyers to save a deposit.  But with shared ownership, you only put down a deposit for the share of the property that you’re buying, which means you can get on the property ladder for as low as £5,000!* – even in London! 

Shared ownership is a government-backed scheme where you buy a share of a home’s full value and pay a subsidised rent on the remainder.  As long as you meet the eligibility criteria, you could be living under your own roof, decorating the place as you please and not having to share with anyone unless you wanted to – if all this ticks the boxes for you, it might be worth exploring shared ownership as an option.   

We’ve selected a few homes from Legal & General Affordable Homes’ collection to give you a glimpse of the locations and properties available with shared ownership – keep reading! 

*Based on current availability for a one bedroom apartment at specific schemes.  Subject to change due to affordability.  

East River Wharf, Royal Wharf, London E16 2AX 

Situated in the heart of one the London’s prime regeneration areas, East River Wharf offers the best of city living and is incredibly well connected by rail, tube and cycle routes.   All one, two, and three bedroom apartments feature open plan living areas full of natural light, and well-equipped kitchens allowing you to move in straight away without a worry.  East River Wharf is designed to support modern living with amenities including a spa, fitness studio, residents’ gym, 24-hour concierge and on-site security, along with a private balcony for every home. 

Prices start at £96,875 for a minimum 25% share, meaning you could get on the property ladder with a £4,884 deposit.  Register for the open day on 22 June to visit and see the homes for yourself.   

The Chase Collection at Trent Park, Enfield, London EN4 0PS 

Sitting among 400 acres of fabulous north London parkland, Trent Park offers uninterrupted views across vast green spaces with opportunities for walks, runs and bike rides.  Want more?  How about an 18-hole golf course, an equestrian centre, along with lakes and ponds for strolls and picnics by the water.  Our one and two bedroom homes include generous-sized rooms that bring in lots of natural light, and the latest energy saving features to help manage bills.  With easy access to central London via Oakwood and Cockfosters stations, Trent Park’s location provides the perfect mix of country and city living. 

Prices start at £110,625 for a minimum 25% share, meaning you could get on the property ladder with a £5,531 deposit. Register for the open day on 15 June to visit and see the homes for yourself.   

Cavalier Court, Gillingham, Kent ME4 4SW 

Overlooking the historic Chatham Docks, homes at Cavalier Court are ensconced in green spaces, open grassland and wooded orchards, but also boast superb transport links.  Chatham railway station can get you to London Victoria, St Pancras International and Stratford International, all under an hour.   

Cavalier Court features a collection of one , two and three bedroom apartments and townhouses, all built for modern, contemporary living with integrated appliances and private balconies or gardens available with selected homes.  It’s also close to Gillingham with its bustling high street and town centre with abundant options for eating and entertaining.  

Prices start at £53,750 for a minimum 25% for one-bedroom homes, meaning you could get on the property ladder with a £2,688 deposit.  Register for the open day on 29 June to visit and see the homes for yourself.   

Albion Yard, Redhill, Surrey RH1 6QS 

Located in Redhill, renowned for its superb transport links and voted London’s second-best commuter town to live in, Albion Yard’s location offers more than great access to the capital or other South England hotspots.  Nearby Surrey Hills is an Area of Outstanding Natural Beauty spanning over 100,000 acres showcasing the best of the country’s countryside, and Belfry shopping centre offers plenty of retail and entertainment spots if you’re after something a little more upbeat.   

Brand new one and two bedroom apartments feature high speed fibre broadband access, a secure video entry system, stunning integrated appliance, and rooms letting in plenty of light for an elevated living experience. 

Prices start at £103,000 for a minimum 40%, meaning you could get on the property ladder with a £5,150 deposit. 

Legal & General Affordable Homes

Legal & General has been involved in housing for over 20 years and established Legal & General Affordable Homes (LGAH) in 2018 with the aim of becoming the leading private affordable housing provider in the UK.  Across its fast-growing portfolio of developments across England, LGAH offers social and affordable rent as well as Shared Ownership homes.  


Dedicated to helping to tackle the current housing crisis and with a commitment to deliver 3,000 new affordable homes annually, LGAH seeks to make a positive difference to the affordable housing sector and offer an alternative route onto the property ladder.  


LGAH’s mission is to better people’s lives and ensure everyone has access to a safe and secure space to call their own.  It strives to create sustainable communities with high-quality homes, reflected by its key principles of quality, sustainability and customer service which underpin every decision made.  Recognising the strength in partnership and collaboration, LGAH works with local housebuilders, housing associations and contractors to deliver homes which are affordable and accessible. 

Visit for more information. 


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