Wednesday, May 1, 2024
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HomeBuyers GuideUnlock Your Own Front Door in 2024 with Shared Ownership

Unlock Your Own Front Door in 2024 with Shared Ownership

As the days grow short and the festive season sets in, thoughts turn to celebrating with family and friends. After that, it’s about rest, reset, and launching into the new year with renewed vigor. All this – the celebrating and equally the rest – is made easier with the peace of mind and stability that come with your own place to call home.

In the current economic climate, homeownership can sometimes feel like a goal too far. With shared ownership, it need not be. Legal & General Affordable Homes can help you get on the property ladder and achieve that goal of your very own front door over the festive period via the Government-backed shared ownership scheme.

With shared ownership, you buy an initial share of a home’s full value and pay a subsidized rent on the remainder. The deposit required is typically much smaller because it is calculated against the percentage of the share you purchase. Through a process called staircasing, you can incrementally increase your share of the property to 100% over time should you wish to.

Whether you choose to buy 25%, 40%, or 70% of a shared ownership home, you can’t beat that feeling of unlocking your new front door, walking into your own home, and best of all, closing the door to the world and reveling in the comfort and safety of a place that is now all yours. Given that Legal & General Affordable Homes has property options across England, you can choose to have your new front door in the heart of the capital, or escape the hustle and bustle of city life, or opt for a bit of both.

Acer Apartments, White City, London W12 7RQ

For those looking to move into a vibrant community in the heart of the action, Acer Apartments’ studio and one-bedroom homes at White City tick the box without costing a premium. It offers the best of city living – shopping, entertainment, and places to unwind, and is within walking distance of many farmers’ markets and beautiful parks. Its central location means you can connect easily to other places by tube, rail, bicycle, or even by stretching your legs.

Prices start at £126,250 for a 25% minimum share.

The Moorings, Brentford, London TW8 8FU

A stone’s throw from the River Brent, two-bedroom homes at The Moorings will serve you the great outdoors in spades, including the glorious Syon Park and the historic Brentford Gauging Lock. Brentford high street is on its doorstep. It’s a 15-minute walk away from Brentford’s railway station and a 15-minute bus journey from Boston Manor underground station to make for easy commuting. Heathrow airport can be reached within half an hour, allowing for convenient international air travel.

Prices start at £131,250 for a 25% minimum share.

Trent Park, Enfield, north London EN4 0PS

Set amid 413 acres of parkland in the charming north London triangle of Oakwood, Cockfosters, and Hadley, homes at Trent Park are surrounded by plenty of open space but still keeping the big city location. Trent Park’s remarkable mix of natural and purpose-built landscaping lets you escape from the hustle and bustle of the city, while its properties are well-equipped for the demands of modern life.

Prices start at £110,625 for a 25% minimum share.

Carter Meadows, Latchingdon, Essex CM3 6JR

Surrounded by some of Essex’s finest countryside, Carter Meadows is perfect if you prefer to have the city at a safe distance! It is situated in the village of Latchingdon with the charming market town of Maldon close by and the cities of Chelmsford, Southend-on-Sea, and London within easy reach when you want to top up on the city buzz. All houses at Carter Meadows offer open-plan living areas full of natural light and come with a private garden.

Prices start at £142,000 for a minimum 40% share.

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