What First-Time Buyers Should Know About London's Shared Ownership Schemes
Shared ownership has become an increasingly popular option for first-time buyers struggling with London's high property prices. These schemes allow purchasers to buy a 25-75% share of a property while paying rent on the remaining portion. While they provide an accessible entry point to the market, potential buyers should carefully consider eligibility criteria, future staircasing costs, and resale restrictions.
Areas like Greenwich and Stratford offer numerous shared ownership opportunities near transport links. For a breakdown of available schemes and their long-term implications, visit London.Realestate.
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