A FRESH START WITH SHARED OWNERSHIP

With the new year comes the opportunity for new beginnings – and what better way to start afresh than getting a foot on to the property ladder? Whether you’re looking to relocate to another part of the country or wanting the freedom to replace outdated wallpaper with a fresh lick of paint, buying a home allows you to take control and have a fresh start in 2023

Given the shortage of affordable housing and high deposits that are required to buy outright, we know that many people can’t afford to purchase a home on the open market. Combined with Help to Buy ending, buyers may be left feeling as though a home of their own is simply out of reach.

Shared ownership with Legal & General Affordable Homes can help your dream of a fresh start this year become a reality. It’s an alternative route on to the property ladder where you buy an initial share of between 25% and 75% of the home’s full value and pay a subsidised rent on the remainder. You can purchase further shares until you own 100% of the property should you choose to.

Since you only need a mortgage for the share of the property that you are buying, your mortgage is usually a lot less than a traditional mortgage. You will also pay less rent compared with private renting, which will decrease over time should you decide to increase your share. This makes getting on the housing ladder much more accessible to those with lower incomes or who don’t benefit from financial support from family.

We realise that one size doesn’t fit all, which is why Legal & General Affordable Homes offers a huge range of properties available through shared ownership to cater for all lifestyles and needs – whether you’re a first time buyer, have a growing family, or are looking to downsize in a beautiful part of the country.

If you’re looking for a luxury apartment at a more affordable price, the one bedroom homes at Hampton Tower, South Quay Plaza, offer fantastic views over Canary Wharf and South Dock through floor-to-ceiling windows. Just a short walk from both South Quay DLR and Canary Wharf tube stations, homes at Hampton Tower offer a simple commute and easy access to a variety of shops, restaurants and entertainment, including regular music events and art exhibitions.

Elsewhere in London, the studio, one and two bedroom homes at Acer Apartments in White City are part of a vibrant new community set within eight acres of parks and gardens. With Westfield shopping centre on your doorstep and White City and Wood Lane tube stations a short walk away, homes at Acer Apartments are perfect for those looking to be amid the hustle and bustle of Zone 2 with endless opportunities for shopping, eating and entertaining.

Want to swap the business of London living for a slowerpaced lifestyle? Legal & General Affordable Homes’ new collection of three and four bedroom houses at Broadland Fields, Norwich, offer the best of both worlds.

Close to both the beautiful Norfolk countryside and the cobbled streets of Norwich, they are also perfectly placed to benefit from local amenities, including shops, restaurants, pubs and well-regarded schools all within an easy distance. With open-plan living areas, a private garden, two parking bays, space for a home office, and a garage attached to selected properties, homes at Broadland Fields are ideal for growing families.

To find out more about shared ownership and how you can get a fresh start in 2023 with Legal & General Affordable Homes, visit landgah.com