Londoners struggling to buy a home are getting a lifeline from April as a shake-up of the shared-ownership rules will mean that 175,000 more Londoners are eligible for this route to owning a home.
Buying a shared-ownership home does not mean compromising on quality or location. Homes are available in posh postcodes as well as grittier inner London and suburban high streets.
Planners demand that affordable housing is integrated with more expensive private housing, so often flats are for sale at swish developments where open-market homes cost millions of pounds.
FIVE SHARED-OWNERSHIP SCHEMES IN PROPERTY HOTSPOTS:
At Battersea Reach, one-bedroom flats are priced from £182,000 for a 40 per cent share.
This scheme has dramatic glass-clad blocks fronting the Thames, a new promenade, communal gardens, bars, restaurants and residents-only gym. Call Notting Hill Housing on 020 8357 5222.
The Jessops building at New Providence Wharf in Docklands has flats from £96,563 for 25 per cent. Call Genesis on 0800 954 0040.
3. GREENWICH PENINSULA
At Greenwich Peninsula, one-bedroom riverside flats cost from £87,500 for a share. Call Moat on 0845 359 6330.
At Walpole Lodge, Putney, flats start at £90,000 for a quarter share. Call Octavia Living on 020 8354 5500.
And at St Agnes Place, backing on to Kennington Park in Zone 1, three-bedroom houses cost from £250,000 for a 25 per cent share (L&Q; 0844 406 9800).