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    Shared ownership
    Shared ownership is a government-funded scheme that helps you to buy a home at your own pace.

    Shared ownership is a way of buying your home in your own time. This normally means buying a share of between 25% and 75% of the property and paying rent on the remaining share. Then when you can afford to, you can choose to buy a larger share of your home, which is known as 'staircasing'.

    To be eligible:

    • you must not currently own a home.
    • you must have access to savings to cover initial costs.
    • have a household income of less than £90,000
    • you must be able to afford your purchase, and sustain your housing costs. 
    • Some homes can only be allocated to people with a local connection to the local authority area in which the property is located or its surrounding boroughs (ie live, work or family connection).

    To be eligible for shared ownership you will need to be registered and approved by First Steps London. Visit the First Steps website to register or to find out more information.

    We have shared ownership properties across London - you can browse those currently available on our sales site.

    For more information or advice on shared ownership, contact our Property Sales and Income Team on 0300 123 2034 or by email.

    Staircasing allows you to buy additional shares in your property until you reach 100%. One of the benefits of doing this is that your monthly rent will reduce as you will own a larger share in your property. Also, once you own 100% of your property certain restrictions in your lease will not apply anymore. Staircasing is an easy process and our team are here to assist you throughout the process.

    Read our useful guide [PDF. 2MB] to get started or contact our Property Sales and Income Team on 0300 123 2034 or by email for more information.

     

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