Top 8 shared ownership properties in London


Royal Arsenal Riverside, Royal Arsenal

It’s all too easy to overlook Woolwich. But this new waterside address is set to rapidly change the area’s fortunes. Perched in the heart of the south-east district, the in-the-making Royal Arsenal Riverside is delivering a mass of desirable homes. But it’s not just the plush new pads that are turning heads. Sitting cheek-by-jowl with National Rail and DLR stations, this game-changing development will also have an on-site Crossrail station and Thames Clipper pier, whizzing residents all over the capital. And with a vibrant retail hub, a luxury spa, a gym, and cracking Thameside views, investing in a shared ownership property here is a no-brainer.


Fish Island, Hackney Wick

Hackney Wick continues its ascension in the cool stakes; its pockets and nooks are blossoming into true cultural hotspots with achingly hip pop-ups, bold street art and inventive restaurants. And this new kid on the block - on the Wick’s outskirts – adds another string to its entrepreneurial bow for anyone looking to bag a slice of this creative community. What’s in the pipeline? The canalside development combines modern apartments and workspaces with a state-of-the-art gym and concierge services. Night owls, hipsters, artists, adventurous young guns… whatever box you find yourself in, Fish Island Village is the new epicentre of cool.


Churchfield Quarter, Ealing

This just-launched sprawl of a development is the new driving force behind Acton’s revitalisation. And the luxury-laden Churchfield Quarter – pitched on Acton High Street - already feels iconic. A collection of one-, two- and three-bedroom apartments, it’s polished, it’s exciting and it’s going to be an instant hit for shared-ownership-seekers. You’ll find pretty outdoorsy spaces – some of the area’s best spots for after-work mooching or serene Sunday tipples – and plenty of shops on your doorstep thanks to the neighbouring rejuvenated Oaks Shopping Centre. Commuting is a doddle, too, with fast connections all over the city via Acton Central and Acton Town.


Kidbrooke Village, Blackheath

Another exciting addition to Greenwich’s property scene, Kidbrooke Village is quietly making waves in the borough and beyond. And looking at the masterplans, it’ll be a destination in its own right. The site combines four new neighbourhoods - The Village Centre (Birch House, Centrum Court and Agora Court), Meridian Gate, Blackheath Quarter and City Point – wrapped up in more than 86 acres of open parkland. Inside, it’s obvious that great attention to detail is paramount to the designers, from private balconies and terraces, to a landscaped resident’s podium and artfully put-together living areas. All this, plus there’s the nearby Kidbrooke Station and a host of new facilities – a Sainsbury’s Local, a David Lloyd centre and a café – on the horizon.


Bridge House, Homerton, Hackney

Rising from the pavements of Homerton High Street, this new development of high-spec apartments and communal gardens is a real steal for anyone with their eye on shared ownership in Hackney. You’ve got the overground network on your doorstep (Homerton Station) and plenty of bus routes. And this being Hackney, there’s no shortage of trailblazing bars, restaurants, cafes and boutiques. Buy here, and you can get amongst the action, the enterprise, and the entrepreneurial spirit.


The Boundary, Clapton, Hackney

When plans were first mooted for this small development in resurgent Clapton, those in-the-know knew it would be a sure-fire hit. And looking at the finished package, there’s a lot to love about The Boundary. As locations go, there are views of Millfields Park, waterside pathways along the River Lea and easy access to Hackney Downs and the crowd-pleasing Victoria Park. Trendy Chatsworth Road – with its mini bistros and fun bars – has become quite the hipster enclave and it’s just around the corner. But top billing has to go to its interiors – the Boundary has been designed with real comfort and flair, with Magnet kitchens, vinyl wood flooring and balconies. Move quickly, as this one’s going to be a sell-out.


Echo, London City Island

Have a quick nose around this attractive development, parked on London City Island, and you’ll be under no illusions as to why it’s popped up in this top 10. The team behind Echo have created super-impressive layouts: they’re spacious and well-equipped and situated within the stunning Ballymore City Island. There is a new ‘iconic’ bridge connecting the development to the Canning Town DLR and Underground station. Oh, and the new Crossrail (Elizabeth line) will be coming soon to this brand new development.


Castra Apartments, Barnet

Leafy, sedate and unassuming, Mill Hill is the perfect catch for homebuyers seeking serene urban living… and yes, that is possible, even in London. And the fresh Castra Apartments is another newbie on the property market that’s adding intrigue. Interiors are bright, cool and refined and the surrounding area is knockout for anyone wanting to combine London life with that escape-to-the-country vibe. When you need to get around, Mill Hill East underground station on the Northern Line is a short walk away; and short drives to The Broadway and Finchley High Street take you to buzzy restaurants, on-trend upstarts, supermarkets and shops.


The eligibility criteria for shared ownership is simple; as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify.

Your annual household income (that’s both yours and your partners’ if buying together) can’t exceed £90,000 and you’ll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.

No age restrictions. It doesn’t matter what you do for a living. Buying on your own, with a partner or friend or you have children, there could be a shared ownership home just for you.

Shared ownership is much more affordable than buying outright, however you’ll still need a mortgage deposit. This is usually a minimum of 5 or 10%, based on the value of the share, not the full market value.

So, if you were buying a 25% share of a £400,000 home for £100,000, you’ll need to have a minimum of £5,000 (5% of £100,000) for your mortgage deposit.

You’ll also need savings to cover initial purchase costs such as mortgage and solicitors fees; this is normally around £3,000.

To reserve your chosen home, you’ll also need to pay a reservation fee. This will secure the home as yours until a formal offer is made, and will usually be between £250 and £500. This cost will come off the total purchase price when your sale completes.

Registering your interest or checking your eligibility for a property with Property Booking will mean directly applying for a home; we’ll even do some initial affordability checks too!

It’s completely free to register and we’ll also send you alerts of homes you’ll be interested in if you want us to. 

Yes, this is called ‘Staircasing’ which means increasing the share of the property you own. You can do it gradually over time, to eventually own your home 100%.

The cost of additional shares is calculated by the market value of your home when you decide to start staircasing.

Some housing associations (only a few) cap the amount of shares you can buy. Make sure you discuss this with your housing association, so you’re clear on exactly how much you can staircase before you buy a property with them.

Within reason! You don’t need anyone’s permission to hang pictures, strip the hallway, or paint every room a different colour. But knocking down walls or any other structural changes will need the housing association’s say. Of course, any improvements you make to the property will be taken into account when you want to sell – it could increase its value.

Should I buy with shared ownership in London?

London: it’s lively, it’s cool, it’s cosmopolitan. This is a city obsessed with the Next Big Thing – be it cult restaurants, imaginative fashion stores and bars that everyone’s trying to get into. A serious international player, it’s not one for complacency and London’s neighbourhoods are constantly evolving - from hipster-centric Shoreditch to the work-hard play-hard mantra in Canary Wharf. There’s no question you want to stay. But just because you’re tired of renting doesn’t mean you have to bid farewell to the capital. You can get on the property ladder, be it through shared ownership in London or help to buy. Here’s how…

Part-buy Part-rent London

Culturally, it ticks all the boxes, job-wise – it’ll never let you down, and when it comes to fun and exciting things to do, well, you’re spoilt for choice. And with the Elizabeth Line (formerly Crossrail) set to speed up commutes and travel across the capital later this year, there’s never been a better time to invest in a property in the Big Smoke.

The question is, can you afford it? Naturally, the answer is a big fat yes. How? Through shared ownership - a fantastic option for wannabe homeowners.

So you’ve fallen in love with the big Smoke and want to put your roots down. The good news is there are thousands of shared ownership properties in the capital where you can ‘part buy part rent’, from plush one-bedroom flats in Southwark to three-bedroom waterside apartments in Canary Wharf. Many are attached to workspaces, thrumming cafes and green pockets, and interior-wise, they’re cool and contemporary spaces. If you want East London’s rollicking nightlife, alternative restaurants and arts scene on your doorstep, there are several shared ownership properties peppered around with swish kitchen/ diners, secure parking and easy access to key tube and overground stations.


Resales in London

Living amongst the grandeur of Zone 1 isn’t off limits either, with a new development on City Road, amongst the tech upstarts and creative collectives in this part of town. Head south, to the charm-filled streets of Wandsworth, where flats come with balconies, and over in leafy Greenwich, white-washed homes in immaculate condition open to views of the Royal Arsenal. With such regeneration sweeping across the capital, the option of Shared Ownership Resale properties is something home-owner hopefuls should also consider.

The principle is simple: it’s the same government-backed scheme with the ‘part rent part buy’ element, but you’re buying a property from an owner who originally bought the home through shared ownership.

Choose a Resale as your property ladder stepping stone, and you’ll purchase at least the current owner’s share on the existing lease, with the chance to buy more shares as time goes by. Winner.