1Eligibility
The first step in buying a home with Shared Ownership is to assess your eligibility.
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Register your interest for Tower Hamlets
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Shared Ownership in Tower Hamlets
Find affordable Shared Ownership properties in Tower Hamlets today
Local properties in Tower Hamlets
You might have thought that this London Borough was out of your price range, yet Shared Ownership can make a home in Tower Hamlets your new reality. Transport links and proximity to the City help you spend less time commuting, and more time exploring.
Our homes in Tower Hamlets are now sold out, however you can explore our other homes in London below.
Available
East River Wharf
Newham, East London E16 2AX
From
£96,875
Transport
0.2 miles
Example share
25%
Bedrooms
1, 2 & 3
Available
The Acer Apartments
Wood Lane, White City W12 7LU
From
£107,250
Transport
0.3 miles
Example share
25%
Bedrooms
Studio & 1
Available
The Chase Collection
Trent Park, Enfield, North London EN4 0PS
From
£110,625
Transport
1.2 miles
Example share
25%
Bedrooms
1
Sold
The Moorings
Commerce Rd, Brentford TW8 8FU
From
N/A
Transport
0.7 miles
Example share
%
Bedrooms
–
Available
Ridgeway Views
Mill Hill, London NW7 1AA
From
£126,250
Transport
1.6 miles
Example share
25%
Bedrooms
2
Why Tower Hamlets?
- The borough proudly boasts one of the most diverse populations in the country, and this is evident in the incredible culture and amenities that its residents enjoy.
- From Bethnal Green to Canary Wharf, Limehouse Marina to Whitechapel market, there are so many amazing places to explore in Tower Hamlets.
- Tower Hamlets is a family-friendly area, and the borough includes educational options for all ages – from nurseries up to universities. With over sixty primary schools, twenty secondary schools, and a range of specialist schools for children with additional needs, this is a great borough for young people of any age to excel.
- Living in Tower Hamlets means you’ll be well connected to London and beyond. Residents can make use of lots of public transport options including buses, tube stations, the DLR, riverboat services and national rail with direct trains from London Liverpool Street to Stansted Airport. There are also bicycle lanes and over 100 Santander Cycle docking stations in the borough for more sustainable travel.
- There are plenty of GP surgeries and hospitals, including The Royal London Hospital in Whitechapel which provides district general hospital services for Tower Hamlets residents, as well as accident and emergency. It is also where the London Air Ambulance is based. Many Pharmacists in the borough offer extended hours making it easy to pick up prescriptions after work.
How does Shared Ownership work?
The Shared Ownership scheme is simple, you buy an initial share of between 25% and 75% of the apartments full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
How do I know what percentage I can purchase?
You can purchase any share from 25% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
How to buy a Shared Ownership home: a step-by-step guide
2Find a home
Search for available properties on our website here. Once you’ve found a property you’re interested in, you’ll need to arrange a viewing.
3Arrange a viewing
To find the ideal home that suits you, it’s best to see the property yourself. Book an appointment with us here to arrange online or in-person viewings.
4Affordability
Speak to a mortgage broker to see how much of the home you can buy.
5Application
To secure the property you’ve fallen in love with, complete the application paperwork and pay the reservation fee.
6Legal paperwork
With the reservation complete, you’ll need to instruct a solicitor and begin your legal paperwork to purchase the property. We make the process as smooth and seamless as possible, including breaking down technical terms with our jargon buster.
7Secure mortgage
Alongside the legal paperwork, you need to find a mortgage that suits you and complete your mortgage application. You can either do this yourself or use a mortgage broker. Your lender will carry out affordability checks to ensure that you can afford the mortgage repayments. See our affordability calculator to understand what you can afford.
8Sign contract
With the mortgage in place, get ready to sign on the dotted line and pay your deposit. This is an exciting part of the process where you’re really close to your dream of homeownership.
9Exchange
It’s time to exchange contracts, which are legally binding agreements between you and us for the purchase of your property. You will also find out more about your completion and move in date during this stage of the process.
10Move in
Congratulations! You can now move into your new home and make it your own.
You’ll still need to pay rent on the remaining share of the property you don’t own. The rent is usually set at 2.75% of the share that you don’t own. You can also choose to increase your ownership share over time, a process known as staircasing.
