Many first-time buyers think they need to leave London to get on the property ladder, however, purchasing options like Shared Ownership can be the key to buying in the capital.
The part-buy, part-rent process enables buyers to purchase a percentage share of their home, usually a 25% minimum. Deposits can be as low as 5% to 10% of the share purchased, while rent is paid on the remaining shares – making it a more accessible option on to the property ladder.
As and when buyers can afford to, they can purchase more shares in their home through a process called ‘staircasing’, until they own their home outright.
L&Q are one of the UK’s leading housing associations and a major provider of Shared Ownership homes in the capital. Here’s a tour of some of their latest schemes in South-East London, an area well-known for its fantastic green space, great transport connections and rich culture.
Located in a desirable and well-connected Zone 2 area, L&Q at Deptford Landings is a collection of one to four-bedroom apartments and duplexes moments from Deptford Park’s 28 acres of open green space, and less than a five-minute walk from the River Thames. Closer to home, the development features a variety of communal outdoor spaces, including a new linear park complete with a striking water feature. Emphasising a commitment to eco-friendly living, green initiatives include the planting of 300 new trees as well as green and brown roofs.
L&Q’s Shared Ownership homes feature stylish open layouts offering residents the flexibility needed for modern living as well as a private balcony or terrace to extend their living space outdoors.
Out in Bexleyheath, L&Q at Eastside Quarter is a collection of 36 one to three-bedroom Shared Ownership homes providing the best in urban living while maintaining excellent connections to the Kent countryside.
Presenting first-time buyers an accessible and stylish route onto the property ladder, homes at L&Q at Eastside Quarter are built to a high specification. The contemporary design provides ample and functional interior space, essential for modern-day living and are complete with a private balcony or terrace. Additional high-quality finishes include integrated appliances in the modern kitchens, carpeting to all bedrooms, and modern tiled bathrooms.
L&Q at Eastside Quarter is part of a new and thriving residential community, reinvigorating the heart of Bexley. Residents are a short walk from the bustling town centre and Broadway Shopping Centre with its array of high street favourites, whilst nearby Danson Park offers 200 acres of sprawling open space.
Part of a thriving new community in the buzzing borough of Greenwich, L&Q at Kidbrooke Village is a collection of one to three-bedroom apartments available exclusively through Shared Ownership.
Set to become the capital’s latest urban village with 4,800 new homes, shops, and leisure facilities, Kidbrooke Village is just moments from Kidbrooke train station, where residents will be able to reach London Bridge and Waterloo East in less than 20 minutes. The neighbourhood is already home to a new Sainsbury’s and new local pub The Depot.
Residents at L&Q at Kidbrooke Village will have easy access to over 136 acres of open parkland, perfect for reconnecting with nature during an evening walk or a weekend run. History and Greenwich’s iconic landmarks Greenwich Market, Royal Naval Observatory, and Cutty Sark are all within easy reach for days out.
By living in an urban village community with vast green spaces, while maintaining modern amenities and big-city connections into Central London, residents will live their life in balance at Kidbrooke Village.
To find out more about buying through Shared Ownership with L&Q, visit: https://lqhomes.com/