Affordable home options and developments
Affordable home ownership options
We work with housing associations which develop affordable home ownership schemes.
These schemes are designed to help people who are unable to afford to buy their own home or rent a good quality home on the open market.
Homes in Bexley and across London are advertised on Homes for Londoners. Register your details on the websites to search for properties and more information about eligibility and your options.
With shared ownership schemes, you buy a share of a property and pay rent on the remainder. Later, if your financial circumstances allow, further shares can be bought until finally, you own the property outright. Further details can be found at Share to Buy.
London Help to Buy
The London Help to Buy scheme allows you to buy a new home in London with the help of a Government equity loan. The loan will be up to 40% of the cost of the property and is interest-free for the first five years. You will need a minimum 5% deposit and a 55% mortgage to make up the rest. Further details can be found at Homes for Londoners and Help to Buy.
Own your home
A new website Own your home has been launched to allow prospective homeowners to find out what government home ownership schemes would be suitable for them.
Affordable housing developments in Bexley
L&Q are developing a number of two and three bedroom houses for shared ownership at The Quarry in Erith.
Orbit South Housing Association are developing a substantial number of one and two bedroom apartments at Erith Park for shared ownership.
L&Q are developing a collection of one and two bedroom apartments and four bedroom houses for shared ownership at Erith Baths. This is due to launch in Autumn 2018.
London Home Show Spring 2019
The London Home Show Spring 2019 is London's No.1 first-time buyer event and will serve as a great way to get all the latest information on the affordable home ownership market. It is free to attend and takes place at the Queen Elizabeth II Centre, Westminster on Saturday 23 March 2019.