Buying a shared-ownership home does not mean compromising on quality or location.
Homes are available in posh postcodes as well as up-and-coming, grittier parts of inner London and suburban high streets; at fashionable riverside developments, in glamorous new skyscrapers, converted heritage buildings and smart housing estates in the commuter belt.
Increasingly, city planners are demanding affordable housing is integrated with more-expensive private housing, so flats are for sale at swish developments where open-market homes cost seven-figure sums.
Often shared-ownership homes are built by the same private developer for the housing association and are identical in specification to the ones for outright sale.
Where to find shared-ownership homes in London
Where to find shared-ownership homes in London
1/25 How to get on the ladder in London
The best way to find a shared-ownership property in London is to register with the First Steps programme, a gateway to affordable housing. Visit www.sharetobuy.com/firststeps.
2/25 Horizons Tower, Canary Wharf
Flats in this 26-storey skyscraper come with underground parking, a gym and 24-hour concierge service in addition to the stunning views of the cityscape. A 40% share of a one-bedroom apartment with floor to ceiling windows and a balcony can cost as little as £151,000. Call 020 3815 1234 for more information.
3/25 Beaulieu, Essex
Beaulieu is a new 3,600-home neighbourhood with schools, shops, parks and community facilities near Chelmsford.
Daisy Musto (pictured) purchased a 35% share of a two-bedroom flat priced at £260,000 and pays £585 a month - “less per month than the one-bedroom flat I was renting previously".
5/25 The Junction, Brixton
This new development in SW9 comprises 92 light-filled flats across three buildings with roof terraces and gardens. Call Network Homes on 0300 373 3000 for more information.
6/25 Loughborough Park, Brixton
Housing charity Guinness Trust has bulldozed a 1930s estate to make way for 487 new homes at Loughborough Park, available from March 2017.Call 0300 456 0522 for more.
7/25 City Mills, Haggerston
City Mills is the largest new development in the area, with 761 homes, including four-bedroom houses. Prices start at £171,500 for a 35 per cent share. Call 0844 406 9289 for more information.
8/25 Banbury Park, Walthamstow
Banbury Park is a development of 352 homes surrounded by green space. Located just 20 minutes from Walthamstow centre, Banbury Park is touted as a community in the making.
9/25 Banbury Park, Walthamstow
A selection of 1, 2, 3 and 4 bedroom houses and apartments, totalling 72, are available under the shared ownership scheme. Call 0845 223 0000 for further details.
10/25 Fondant Court, Bow
Claire Harvey (pictured) bought a 30% share of a £310,000, one-bedroom flat at Fondant Court, a former chocolate factory in Bow, with a £23,000 deposit. Her total monthly outgoings are just £870.
11/25 The sky's the limit
Move into a luxury tower and live like a millionaire in one of these affordable homes that have been integrated into swish private developments.
12/25 251 Southwark Bridge Road
This new 41-storey skyscraper near Borough Market in zone one consists of 335 apartments that have glazed winter gardens for year-round living. The building boasts high-speed fibre-optics plus a wifi-enabled homeworking lounge, a private cinema, gym, and concierge.
13/25 251 Southwark Bridge Road
Private apartments within this skyscraper cost from £655,000 to more than £1.7 million, but a number of flats are available for shared ownership through Hyde Housing Association. Prices are from £133,500 for a 30% share. Call 0345 606 1221 for more information.
14/25 Queensland Road, Highbury
This 352-home development in Highbury features open-plan living, a communal terrace and sky garden, plus a play area for children. and a generous-size balcony with views across the capital.
15/25 Queensland Road, Highbury
Elisabete Cidre and her husband Mario bought a 50% equity share (£200,000) of a two-bedroom apartment at Queensland Road and say "the design quality is excellent".
16/25 Home on the waterfront
East London docks are being revived as new-world industries bring jobs, homes and transport upgrades to rival Canary Wharf.
17/25 Corsair House, Docklands
Corsair House, the latest phase of homes, has shared-ownership flats offering a great opportunity for first time buyers to live in a vibrant new community with excellent connections to central London. The launch is in autumn. Call 020 3553 7441 for more details.
18/25 Millenium Mills, Docklands
This giant derelict Art Deco structure, similar in scale to Battersea Power Station, is set to become the centrepiece of another high-profile scheme. The Silvertown will have up to 3,000 homes and a central piazza the size of Covent Garden.
19/25 Royal Albert Wharf, Docklands
This new “quarter” of 1,500 homes, lies alongside the airport’s island runway, a marina and boatyard, plus the elevated tracks of the Docklands Light Railway.
20/25 Royal Albert Wharf, Docklands
The raw and awesome setting of these 1, 2 and 3 bedroom apartments takes in the dock and a handsome Edwardian pumphouse. Two-bedroom flats start at £175,000 for a 40% share. Call 020 3553 7441 for further details.
21/25 Royal Docks
This is certainly the part of the capital to live if you like big skies and dramatic riverscapes!
22/25 Hello, Crossrail
Crossrail will stitch the Royals firmly into the city's transport network, making it easy for residents to travel into the centre of London.
23/25 Royal Dock Gardens, Docklands
Located next to Custom House DLR station, Royal Dock Gardens is yet another new housing scheme being upgraded for Crossrail. One-bedroom flats cost from £115,500 for a 35% share. Call 0300 303 7333 for more.
24/25 More for less
The attraction for Morwenna Blewett (pictured) is not only having a stake in a property, but having privacy and being in control of her space. "It feels like 100% yours for 50% of the price", she says.
25/25 Happy days
Shared ownership doesn't mean sharing your home with people you don't know. You live there as the sole resident, or with your partner or family, and all first-time buyers who can't afford to buy outright on the open market have priority.
Queensland Road, Highbury
Dr Elisabete Cidre knows more about this than most first-time buyers, being a lecturer in urban design and planning at Bartlett School of Architecture, part of University College London, in Euston.
From Portugal, and now in her 40s, she has lived in London for 18 years, mainly in shared rented accommodation with Mario, her husband, a “mixicologist”, creator of exotic cocktails, who works for celebrity and corporate clients.
“We had more or less given up hope of buying in central London; our incomes are decent but weren’t keeping pace with fast-rising property prices, and a home of our own seemed out of reach” she says.
Shared ownership provided the lifeline. The couple bought a 50 per cent equity share (£200,000) of a two-bedroom apartment at Queensland Road, a 352-home development in Highbury.
Their stylish 800 sq ft tower home has an open-plan kitchen and living space and a generous-size balcony with views across the capital. The block has a communal terrace and sky garden plus a play area for children. For further details, call Newlon Housing Trust on 020 7613 8080.
“I was a little sceptical of shared ownership but after looking at the small print we decided it was workable. It’s an amazing location and the design quality is excellent. Our flat is spacious, light and warm. We’re not paying rent into a black hole and, above all, we have secure ownership.”
251 Southwark Bridge Road, near Borough Market in zone one, is a new 41-storey skyscraper with 335 apartments that have glazed winter gardens for year-round living.
The building boasts high-speed fibre-optics plus a wifi-enabled homeworking lounge, a private cinema, gym and concierge. Private apartments start at £655,000 and rise to more than £1.7 million, but a number of flats are available for shared ownership through Hyde Housing Association. Prices from £133,500 for a 30 per cent share. Call 0345 606 1221.
Fabulous duplex penthouses with roof terraces overlooking Poplar Dock marina near Canary Wharf are on sale for up to £1,314,000. But you can buy into a 26-storey skyscraper called Horizons Tower for just £151,000. This is for a 40 per cent share of a one-bedroom apartment with floor-to-ceiling windows and a balcony. It includes underground parking, gym and 24-hour concierge. Call 020 3815 1234.
Swish high-rise flats are also for sale in Rotherhithe, a convenient midway point between Canary Wharf and the West End. Notting Hill Housing and Sellar Group, developer of The Shard, are soon to unveil a neighbourhood of 1,046 homes alongside restaurants, shops, cinema and dock basin.
The Canada Water scheme has been designed by renowned international architect David Chipperfield.
Quebec Quarter is one of the area’s new builds, a mix of 151 shared-ownership and private apartments. Prices from £127,500 for a 25 per cent share. Call L&Q 0844 4069800.