The shared ownership scheme helps people who cannot afford to buy a property, to buy a percentage of a property and pay the rent on the other percentage. Sounds great doesnt it?? However everytime I have looked into it, over the years, the amount you must be earning is well above the average income in London. So that means it only helps those who already have the means to buy in London. The majority of us in London continue to rent London homes at London prices. When is the normal population of workers, which are the average and the biggest population, who aren't earning enough, ever going to get a break from the high rents and inflated property values. Those of us born here and those who have apprenticed life in London for years are always going to be the underdog in this unfair economy. There are those who are invested in keeping the prices high and the status, quo.

Eligibility Info

To be eligible to purchase a Shared Ownership home

• Your annual household income can be no more than £90,000
• You should be unable to purchase a home suitable for your needs without assistance.
• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
• You must be a first time buyer. If you already own a home and need to move but cannot afford to, please contact us. There may be some circumstances under which you could be eligible.

Stamp Duty Paid! If you reserve and complete before 31 March 2019! 31st March

for a property priced at £610,000

With 20% equity loan | £30,500 Min Deposit

Spectrum - the Encore | 50 Maryatt Avenue, HA2 0ST

hotel 3 bedrooms place Harrow - Harrow, HA2  Rayners Lane 0.4m

Scheme: Help to Buy Eligibility

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Budget Calculator

Monthly Cost* £1,828

Service charge £22 | Mortgage* £1,806

Equity loan

20%

                                                                                                     20%                                                                                             

Your deposit

Min. £30,500

help

Stamp Duty Paid! If you reserve and complete before 31 March 2019! 31st March

So it needs a couple earning 45,000 each, to get into this deal.

 But why would they, if they already have a deposit of 30,500 

they don't have to be tied into these arrangements. 

Somebody please explain why we still live like this.

We live in a society where a couple

have to accumulate a deposit of 30,500 so that they 

have the blessing of paying £1828 per month to OWN a property....

rather than paying the equivalent of £1828 per month on rent. 

The average full time working wage is between £15,000 -30,000. 

NB. the normal and quoted average London wage  is skewed when the higher 

London banksters wages and the Nobility of the upper echelons are included in the equation. 

In reality the vast majority of the working population 

are just not earning the wages that are required to live here. 

https://www.sharetobuy.com/properties/?alert=true&alertid=1867&developmentId=709