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9 reasons why Shared Ownership is your answer to getting on the property ladder

9 reasons why Shared Ownership is your answer to getting on the property ladder

Are you sick of renting, sky high energy bills and the general uncertainty that surrounds it all? If you want to make 2023 the year you finally get yourself on the property ladder, read on!

We know what you’re thinking, “How am I ever supposed to save up a deposit to buy a new home with the ever increasing cost of living and rent?! I’m barely making my monthly payments as it is!”

Saving up for a deposit can feel like a huge task, especially when you already have monthly bills to pay for. With Shared Ownership, deposits are massively reduced meaning you could get on the property ladder with a deposit as low as £5,000!

Lounge CGI at Carleton Grange, Pouleton-Le-Fylde, Lancashire
The lounge image shown is a CGI representation of an actual 3 Bed House at Carleton Grange

Buying a new, affordable home in 2023 can be a confusing and stressful time, even more so if you’re a first-time buyer trying to manage getting a mortgage while deciding what kind of property is best for you.

Shared Ownership is often referred to as the industry’s best kept secret because it can take the stress out of buying a home with a brand new, modern Legal & General Affordable Home that is chain free and energy efficient! Discover the pros to buying a new build Shared Ownership property as it can be a more affordable and flexible option than buying outright:

A blank canvas to make your new home truly your own

There is nothing worse than moving into your new home and being left with the last owners’ decoration choices. We’re talking about nails in the wall, mismatched tiles or a paint colour that doesn’t fit your style. With a Shared Ownership home, you are moving into a brand new, never lived in before home which means you can take comfort in knowing everything is fresh and clean.

Our pick: Broadland Fields is a stunning collection of contemporary 2, 3 and 4 bedroom houses located on the edge of Norwich, north of Postwick, close to the River Yare, this new community offers the perfect place to put down roots in a home of your own.  

Lounge interior of a two bed house at Sandpiper Grange, a collection of new 2 & 3 bedroom Shared Ownership houses in Cottam, Lancashire from Legal & General Affordable Homes.
The lounge image shown is a CGI representation taken in an actual Two Bed House at Sandpiper Grange

High quality fitted kitchen and bathrooms

If you’re a master chef or love a luxurious bubble bath, you’ll want your new home to have a modern kitchen and spa-like bathroom. With fitted appliances like an oven, fridge/freezer and dishwasher ready already included in the price, that’s one less thing to worry about!

Our pick: The contemporary fitted kitchens and bathrooms at The Acer Apartments in White City, West London are straight out of a magazine! Plus you’ll be in the centre of West London’s coolest spots.

Energy efficient which could save you money

Make 2023 the year you go green with a new build Shared Ownership home, as new homes are built to the latest environmental standards, often more sustainable and can have cheaper utility bills. Energy Performance Certificates give you peace of mind about your new home too. With rising energy bills, every little saving can help including the type of home you get on the property ladder with!

Our pick: The Moorings is situated in a prime location in Brentford Lock on the Grand Union Canal and is within close proximity to world-famous heritage parks such as Kew Gardens and Gunnersbury Park. With a beautiful communal rooftop and larger than average sized balconies, this is a green paradise!

Less chain, less hassle

You can move into a new build Shared Ownership home as soon as you complete meaning there’s no need to wait for existing owners to move out. This can significantly reduce the stress and uncertainty that is often associated with moving including hassle with chains. Win win!

Our pick: Icknield Way is a perfect blend of two bedroom apartments and three bedroom coach houses, set on the edge of an Area of Outstanding Natural Beauty, the historic market town of Tring offers peaceful country living within easy commuting distance of London. With excellent connections, including under 45 minute travel time to London Euston and direct routes to Oxford and Cambridge, you really are at the centre of it all.  

Bedroom with CGI dressed interior at Plot 16, Morris-Square.
Bedroom with CGI dressed interior at Plot 16, Morris-Square.

Peace of mind that you’re getting a modern home

In recent years, the quality of construction of new builds has grown significantly within the affordable homes sector meaning you can feel secure about buying a new build as your first home with Shared Ownership. All Legal & General Affordable Homes are covered by a 12 month warranty giving you even more peace of mind and security.

Every customer of Legal & General Affordable Homes receives full aftercare support and high quality customer services making sure we’re with you every step of the way. Buying a new home is a huge accomplishment and we want to celebrate the milestones with you.

Our pick: Woodside Grove is a vibrant, new collection of 1 & 2 bedroom apartments set in a stunning, green landscape within the historic Surrey Heath village of Bagshot. With an excellent range of local amenities including independent cafes, schools and restaurants, you will be spoilt for choice. 

A smart investment for the future

Buying a new build Shared Ownership property can help you stop renting and spending money on a property that isn’t yours. You can make your money go further with Shared Ownership and start paying what you can afford towards a property that you have ownership in. With staircasing, it won’t be long before you own the entire property, all on your own terms.

Our pick: Leon House in South London offers the final two luxury apartments available which give you access to a resident’s co-working space, private dining room and sky roof garden with bespoke seating. Within the double-height lobby, a dedicated Concierge service will arrange your post and deliveries. This service also includes 24/7 CCTV security!

More for your money

Another benefit of buying a brand-new home with Shared Ownership is that you really are getting more for your money. New homes tend to be built to a much higher specification than most older homes. New builds also have central heating and double-glazed windows as standard, costing you less in the long run. Being the first person to live in your new Shared Ownership home also means you don’t have to spend money on costly renovations, making your money go even further.

Our pick: Our Trent Park in North London is a unique development in the charming north London triangle of Oakwood, Cockfosters, and Hadley Wood. Generous-sized rooms are finished to a high specification and are full of natural light, complementing the semi-rural setting. The contemporary décor is additionally offset by historical touches that echo the distinguished heritage of its magnificent surroundings.

Lounge with CGI dressed interior at Plot 16, Morris-Square.
Lounge with CGI dressed interior at Plot 16, Morris-Square.

A smaller deposit needed upfront

Probably the best part about Shared Ownership? You don’t need a large deposit to find your dream home. Depending on the property and size, under £10,000 is the typical amount needed which makes getting on the property ladder much more affordable and easier. With the growing uncertainty of the rental market, it makes sense to put down roots and feel secure in a new home without the pressures of private renting and a landlord.

Our pick: Ready to move into now, our two bedroom apartments at Little Cotton Farm are part of a new community situated on the outskirts of the beautiful town of Dartmouth and nearby South Devon’s Area of Outstanding Natural Beauty. Located nearby beaches, excellent harbours and panoramic walks along the riverside, seaside and countryside, residents will be perfectly positioned to enjoy the best of nature and the excellent amenities that Dartmouth has to offer.

Live where you want

Is there a specific area you have your heart set on? Maybe you’ve lived there before, have family and friends nearby or enjoy the local amenities. Whatever your reasoning, you deserve to live somewhere you love! With Shared Ownership, this is now possible and affordable too!

Our pick: Is there anywhere better than Canary Wharf to get on the property ladder? At Hampton Tower, in South Quay Plaza, you’ll be right amongst the bright lights and excitement of East London. With luxurious living, amazing commuting and a position central to amenities and entertainment, South Quay Plaza is perfect for today’s home seekers.

Move into a new Shared Ownership home in 2023

Set yourself up for success this year with a brand new Shared Ownership home in London and say goodbye to private landlords, flatmates and renting! We provide an array of affordable, top quality, modern apartments and houses across England, all of which are available to purchase with Shared Ownership. Start your search by viewing our current properties available. Or, head to our social media profiles on Instagram and Facebook to ask your property questions. #LandGAH