: Owners can gradually increase their equity through "staircasing," often in increments as low as 1%, potentially leading to 100% ownership.
: Buyers only require a mortgage and a deposit for the share they are purchasing, rather than the full market value. part buy schemes london
: A "rent-to-buy" product where tenants pay a lower rent to save for a shared ownership deposit within a set period. : Owners can gradually increase their equity through
: Selling a shared ownership property can be more restrictive than the open market, as the housing association often has a "nomination period" to find a buyer who meets their specific eligibility criteria. : Selling a shared ownership property can be
: To qualify in London, annual household income must generally be £90,000 or less.
The core of the London part-buy model is the scheme, which allows eligible buyers to purchase a share of a property (typically between 10% and 75%) and pay a regulated rent on the remaining portion to a housing provider, such as a housing association. Key operational features in 2026 include:
: Owners must pay 100% of the service charges and maintenance costs regardless of how small their share is (once any initial repair period expires).