London not out of reach for shared ownership

09-Jun-2005

Although many first time buyers often look at London as far too expensive, they are being advised to look into shared and joint ownership schemes as a potential way of getting onto the property ladder.

Click here to learn more about joint ownership

Joint ownership can help to reduce the cost of buying a property, and an increasing number of shared ownership schemes will also offer aspiring first time buyers with the chance to own their own home.

And London's Evening Standard is now urging first time buyers to look into shared ownership or buying with friends in the capital, explaining that the city does have some reasonably priced areas, if you know where to look.

Click here to find out about the finances of borrowing with friends

According to the newspaper, London can be cheap for first time buyers entering into joint ownership schemes in the east, particularly in the north-east or south-east, where prices are generally lower.

While it points out that aspiring homeowners must avoid a few notable exceptions - such as the Docklands area - buying a property can be good value for money east of the City, especially when entering into joint ownership or shared ownership schemes.

Click here to see what properties are on the market in your area - whether you buy alone or with others

Click here for our first time buyers guide

If you want to post your comments on today's news in the FirstRung Forum click here

2008: May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar