MARKETING SUITE OPEN FOR VIEWINGS
NOW AVAILABLE TO BUYERS LIVING
OR WORKING IN ANY LONDON BOROUGH
What is Shared Ownership?
A way for first-time buyers to buy a home affordably.
You can buy a share between 25% and 75% of the full¬†value of the home, normally with the help of a mortgage.¬†You then pay a subsidised rent on the share retained by¬†Metropolitan.
As you only need a mortgage deposit for your share (instead of the full market value), Shared Ownership¬†makes buying more affordable. It also keeps monthly¬†housing costs below what you‚Äôd pay if you bought the¬†same property outright or rented it privately.
In the future, you can increase the share you own by¬†buying some or all of the remaining shares in your Shared¬†Ownership home (this is known as staircasing).