5 reasons to fall in love with Shared Ownership
9 February 2024
Getting onto the property ladder can seem like an unachievable goal with the growing financial climate. We read the news daily that the rent prices are soaring, with each bill increasing too. Living in a home shouldn’t make you feel anxious but it’s easy to fall into the trap when there doesn’t feel like security, but! We are here to show you how living in a secure, stress-free home is possible through Shared Ownership.
Legal & General Affordable Homes has created stunning, chain-free developments spread across the country with modern styling. With a multitude of beautiful homes to choose from, financial flexibility to a sense of community, here are 5 compelling reasons why Shared Ownership is bound to captivate your heart.
1. Your home, your choice
There’s this belief that Shared Ownership can be limiting, with not much specification to choose from. We’re here to debunk that theory. With homes across the country with Legal & General Affordable Homes, choosing a place to settle in couldn’t be easier. From studios in Acer Apartments, White City to 4-bedroom houses in Carter Meadows, Essex, this is the perfect way of moving to the next step in your life.
Not only can you choose what location you want to settle in, but also the percentage you want to purchase! You can purchase as little as 25% of the full market value and still feel secure and happy in your home.
2. Smaller Deposits
This innovative approach to homeownership offers numerous benefits that are often overlooked.
One of the issues that buyers struggle with when purchasing their first home is the deposit. With Shared Ownership, depending on the location, you can get on the property ladder for as little as £5,000. This amazing attribute makes it easier for buyers to move into their dream home and still leave money aside for moving costs and decorating. What’s not to love?!
If London is your top location, we all know it seems so out of reach to save a deposit for a home that is ready to move into. with Shared Ownership through Legal & General Affordable Homes, you can move into the heart of East London to East River Wharf with a deposit starting from just under £4,900. That is almost unheard of!
3. Modern, high- quality homes
Moving to a new home can be daunting enough, especially if you’ve purchased a fixer-upper with a plethora of work needing to be done. Sometimes, the appliances can be outdated, and a new kitchen or bathroom will need to be fitted in for thousands! Luckily, with Shared Ownership, you would be moving into a modern, fresh home with advanced appliances. New builds also have central heating and double-glazed windows as standard, costing you less in the long run. A 12-month warranty is also guaranteed and covered by Legal & General Affordable Homes giving you that extra serenity settling in.
At Legal & General Affordable Homes, each resident is provided with comprehensive aftercare support and top-notch customer services, ensuring our presence and assistance throughout your entire journey.
4. No chain, no waiting!
One of the best parts about Shared Ownership? You will be moving into a brand new home. A fresh start, a blank canvas, ready for your personal touch.
5. Step-by-step process
From beginning to end, Legal & General Affordable Homes is here to support you through purchasing your Shared Ownership home. Whether you are a first-time buyer or looking to upsize or downsize, we have attentive sales consultants and a panel of solicitors who will make the process smooth for you.
There is nothing worse than going into a big decision blindly and no one to help you along the way. All your questions and worries will be met with a willing team, ready to answer and help you.
What are you waiting for?! Move into a new Shared Ownership home in 2024
Shared Ownership offers a unique opportunity for individuals to get on the property ladder while enjoying the many benefits. Whether it’s the financial advantages, the sense of community or the flexibility it provides, you can discover the countless other reasons to fall in love with Shared Ownership.