Welcome to Legal & General Affordable Homes
9 October 2020
A very warm welcome to Legal & General Affordable Homes. We are committed to providing affordable homes via Shared Ownership across the breadth of England, and aim to become the leading private affordable housing provider in the country.
Despite a national housing waiting list of more than 1.1 million households, in 2018-2019 it was reported that only 57,485 affordable homes were delivered in England. With demand far outweighing supply, we seek to tackle the severe shortage of affordable housing.
As an affordable housing provider, we’re dedicated to supplying a wide range of Shared Ownership homes, from studio flats in Canary Wharf, London to four-bedroom family homes in North West England. Whether you are a first-time buyer purchasing a property independently, or a previous homeowner now looking for a family home, we want to ensure that buying a home is an achievable goal with Shared Ownership.
To explain, Shared Ownership is a Government-backed scheme which allows first-time buyers, and those who do not currently own a home, the opportunity to purchase a property at an affordable price.
The scheme works by offering you, the buyer, the opportunity to purchase a share of a property, otherwise known as the ‘share value’. This share value is typically between 25% and 75% of the purchase price and represents how much of the property you own. A discounted rent is then paid on the share of the property not purchased.
We have a wide range of current and upcoming affordable homes; all available with Shared Ownership. Our developments, and friendly Sales Teams, are situated across England, including; London, Essex, Southminster, Oxfordshire, Hertfordshire, Cheshire, Warwickshire, Greater Manchester, Lancashire, Devon, Buckinghamshire, Suffolk, East Sussex and more.