Shared Ownership Bexley


Properties For Sale Bexley

Described as a prime choice for first time buyers and retired couples alike, this area is a quiet haven on the outer reaches of London’s South Eastern Boroughs. With rows upon rows of tree lined streets and leafy open grounds, you may feel a little more Kent bound than London here but that doesn’t mean you’re too far away. Those looking for shared ownership in Bexley benefit from being just 13 miles from the hubbub of the city, or a speedy train journey. Georgian manors and wildflower decorated parks create a wonderful contrast that will have you appreciating both sides of life.

Settling down in Sidcup

On the borderline between Kent’s open countryside and London’s buzzing hub, Sidcup is a cheerful region that has you soaking in views of lush greens and rolling meadows while on the way home from a shopping trip in the centre. Just a 22 minute train ride from London Bridge and direct access to the M25, connections are quick, clean and clear cut in Sidcup whether you’re hopping down to the Kent coastline or into the electric night life of Soho. With its proximity to Dartford you’re also not too far from the Eurostar, so if lunching in pall mall doesn’t seem quite as bougie as Paris, not to worry! Hop on at Ebbsfleet International and you could be there for baguettes by the afternoon.

An independent pop of colour

What Bexley and Sidcup might not deliver on wild night-outs, it definitely makes up for in its range of artisan markets, cosy boutiques and selection of independent cafes and restaurants. If there’s anything this community really roots for, it’s their independent businesses and smaller local suppliers. Sprinkled in Farmers markets and teeming with fresh local produce, teetering the edge of the Kent Hills certainly becomes a unique gift here, especially when it comes to tea time. Butchers, Bakers (and not so many candle-stick makers) are rife here. The tight-knit community in Bexley value the real sense of authenticity you get here, not only in the fresh produce and local businesses but the close relationships and family feeling this borough embodies.

What is Shared Ownership?

Shared ownership is a government back initiative to help first-time buyers who are unable to buy a property outright. Otherwise known as part buy, part rent, shared ownership is one of the most affordable homeownership options, offering a great way to get on the property ladder. 

Buyers are offered the chance to purchase a share of a property, whilst paying subsidised rent to a housing association on the remaining shares. 

How the process works

Register your interest to be added to our mailing list and you will receive details of the currently available properties and forthcoming open dayhs. Assuming that you meet the eligibility criteria, you will be invited to view and reserve a property. 

If you are allocated a home, you will need to arrange the finance for the property, usually with a mortgage, and appoint a solicitor to complete the purchase. We have a panel of recommended independent financial advisors and solicitors. 

Is shared ownership for me?

If you are unable to afford the full deposit or monthly repayments then this scheme is for you. There are a few stipulations though. Namely, you cannot currently own a property, you need to have a household income of more than £80k per annum. You should also be prepared for the costs involved with buying a home and for this we recommend you have around £4000. This is currently the best route that enables people to enter onto the property ladder. 

Homes and Communities Agency
Mayor Of London