<p>Embarking on the journey of buying your first home can be daunting, but our comprehensive guide is here to assist. We'll walk you through the basics, help you navigate the market and support you every step of the way. Let's start your path to homeownership!</p><h2>The Basics of Buying your First Home</h2><p>When buying your first home, understanding the key elements such as what a mortgage is and how it works is essential. A mortgage is a loan that helps finance your property purchase and is typically paid back over a specific period with interest. Home
    lenders for first time buyers can greatly assist in this process.</p><p>Eligibility for buying your first home may vary, but lenders typically consider factors like your credit score, employment history, income level, and current debt. Familiarising yourself with the criteria is crucial in determining your eligibility for
    the best first time buyer mortgage.</p><p>Before beginning the process, assess your financial readiness. Evaluate your income, expenses, existing debts, and saving for a deposit. Remember to calculate the overall cost of buying and homeownership, which includes stamp duty, insurance, and maintenance.
    Several lenders for first time buyers can provide useful tools to assist with this.</p><h2>Embarking on Your Buying Journey</h2><p>Buying your first home involves a few significant steps that require careful planning and consideration. From saving for a deposit to understanding the mortgage application process and finding the right home, we'll guide you through each stage of your
    buying journey.</p><p><strong>Strategies for saving a deposit:</strong>Saving for a deposit is one of the first steps. It impacts the amount you can borrow and the interest rate you'll receive. Consider creating a budget, reducing unnecessary expenses, and exploring government
    schemes that assist first-time buyers.</p><p><strong>Navigating the mortgage application process:</strong>Researching different mortgage options, comparing interest rates, and understanding the terms and conditions can make the mortgage application process less intimidating. Seeking professional
    advice can also provide invaluable guidance on how to secure the best mortgage.</p><p><strong>Finding the perfect home:</strong>Searching for your first home is an exciting part of the journey. Consider factors such as location, size, budget, and amenities. Take your time and conduct thorough research to find a home that suits your needs
    and aspirations.</p><h2>Our Top First Time Buyer Homes</h2><img style="text-align:center;padding-top:5%;" src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1722837141/resi/gb/cms/News/Images/jll-banner-one-clapham.jpg" /><p><strong>One Clapham, Battersea, SW11</strong><br />Prices from &pound;497,499<br />Only a handful of one bedroom apartments left at this exciting new development, located just a minute from Clapham Junction Station. This could be your last opportunity
    to buy here!<br /><a href="https://residential.jll.co.uk/sale-development/one-clapham/london-a0O8W00000JBjArUAL" target="_blank">Click here</a> for more information
</p><img style="text-align:center;padding-top:5%;" src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1722834005/resi/gb/cms/News/Images/jll-eeko.jpg" /><p><strong>Eeko, Camden, NW1</strong><br />Prices from &pound;455,000<br />If North London is more your scene, this development is a collection of one and two bedroom apartments in Camden. Eeko presents a remarkable opportunity for those looking to purchase
    their first home in London.<br /><a href="https://residential.jll.co.uk/sale-development/one-clapham/london-a0O8W00000JBjArUAL" target="_blank">Click here</a> for more information
</p><img style="text-align:center;padding-top:5%;" src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1722836242/resi/gb/cms/News/Images/jll-kew-bridge-rise.jpg" /><p><strong>Kew Bridge Rise, Brentford, TW8</strong><br />Prices from &pound;484,999<br />Offering rooftop views and impressive residents amenities such as concierge, gym, co-working spaces and communal gardens, Kew Bridge Rise offers first time buyers an
    elevated lifestyle.<br /><a href="https://residential.jll.co.uk/sale-development/kew-bridge-rise/london-a0O8W00000JDWA4UAP" target="_blank">Click here</a> for more information
</p><p>We understand the complexities of the buying process. Our experienced team can guide you through and provide expert advice tailored to your individual circumstances. Contact us today to learn more about how we can help you achieve your dream of homeownership.<br />Call our First Time Buyer Team &ndash; 020 7087 5111 &amp; <a href="mailto:newhomes@jll.com">newhomes@jll.com</a></p>

A Complete Guide to Buying your First Home

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Explore expert tips for buying your first home in the UK. Get advice and insights from JLL experts.

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<p align="center" style="text-align:left;">We are pleased to introduce a guest blog article from the expert legal advisor Bolt Burden. This blog will set out the 9 simple steps you need to be aware of when going through the legal process to buy your first home.</p>
<p align="center" style="text-align:left;"><strong></strong><strong>Firstly</strong>, you will need to enter into a reservation agreement with the developer and pay a reservation fee.</p>
<p align="center" style="text-align:left;"><strong></strong><strong>Secondly</strong>, you will need to instruct a solicitor who will draft a contract and will order searches on your behalf regarding the property. Alongside this they will raise any legal enquiries and approve the contract and
    terms of the lease.<em></em></p>
<p><em>Whilst this is happening you would have simultaneously applied
for your mortgage and have an offer formally issued.<o:p></o:p></em><strong></strong></p>
<p><strong>Thirdly</strong>, when all terms have been agreed and the mortgage offer received, you are then ready to exchange contracts.</p>
<p><strong>Finally</strong>, you will complete on the property and the keys will be released to you ready to move in!</p>
<p align="center" style="text-align:left;"><em>For a further in depth step-by-step process please see below:&nbsp;</em></p>
<p align="center" style="text-align:left;">&nbsp;</p>
<p align="center" style="text-align:center;"><strong>THE LEGAL PROCESS: A STEP-BY-STEP GUIDE TO GET YOU THE KEYS TO YOUR
    FIRST HOME</strong></p>
<p align="center" style="text-align:center;"><strong>RESERVATION </strong></p>
<p align="center" style="text-align:center;">To secure your new home, you will enter into a reservation agreement with the developer and pay a reservation fee to take the property off the market. </p>
<p align="center" style="text-align:center;">The terms of the agreed sale are detailed here, and you will be given a reservation period to progress the sale and reach &lsquo;Exchange of Contracts&rsquo;.</p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>INSTRUCT A SOLICITOR </strong></p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>CONTRACTS ARE ISSUED </strong></p>
<p align="center" style="text-align:center;">The draft contract will be prepared by the developer&rsquo;s solicitor and will be sent to your solicitor together with a comprehensive legal pack on the development. &nbsp;&nbsp;This is to provide you and your solicitor with as much information about
    the property as possible including on matters such as planning consents and who the new home warranty provider will be.
    <strong></strong></p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>SEARCHES ARE ORDERED </strong></p>
<p align="center" style="text-align:center;">Your solicitor will take your instructions here to order your searches.</p>
<p align="center" style="text-align:center;">A search is carried out with the local authority for the area in which the property is situated, &lsquo;the Local Search&rsquo;. &nbsp;It reveals details of such matters as planning permissions and planning agreements on the property; Community Infrastructure
    Levy (CILs) which may have to be repaid; road schemes in the immediate vicinity and such matters as compulsory purchase orders and notices under the Public Heath Act.</p>
<p align="center" style="text-align:center;">In most cases, your solicitor may need to carry out some additional searches prior to exchange of contracts. Normal searches that are carried out are drainage, environmental and chancel tax liability searches. </p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>APPROVAL OF THE DRAFT CONTRACT / LEASE </strong></p>
<p align="center" style="text-align:center;">This is the task of your solicitor. They will check the draft contract and lease and will request any changes which are considered to be necessary and then returns this to the developer&rsquo;s solicitors to agree the amendments. </p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>LEGAL ENQUIRIES </strong></p>
<p align="center" style="text-align:center;">Your solicitor will also raise legal enquiries with the developer&rsquo;s solicitors based on the legal pack provided.&nbsp; This process may take a few weeks to finalise depending on the nature of the enquiries and how quickly and easily they can be
    responded to by the Developer&rsquo;s solicitor. </p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>YOUR MORTGAGE OFFER </strong></p>
<p align="center" style="text-align:center;">Whilst your solicitor is progressing the legal process, you will simultaneously have applied for your mortgage offer and your solicitor will need for this to be issued formally before you can reach the next stage. </p>
<p align="center" style="text-align:center;">The mortgage offer will contain some special conditions and your solicitor must ensure prior to exchange of contracts that these can all be complied with.</p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>EXCHANGE OF CONTRACTS </strong></p>
<p align="center" style="text-align:center;">When all the terms have been agreed; additional enquiries answered satisfactorily; a mortgage offer received and satisfactory search have been obtained, you are at last ready to exchange contracts!</p>
<p align="center" style="text-align:center;">Your solicitor will send you the contract for signature together with the legal report about the property you are buying. At this stage you should raise any final queries you may have about the property before returning the signed contract and deposit
    to your solicitor in readiness for exchange. The deposit is usually 10% of the purchase price. </p>
<p align="center" style="text-align:center;">Exchange of contracts takes place over the telephone. The solicitors for the buyer and the developer complete the necessary details in their respective parts of the contract including the completion date and they are &ldquo;exchanged&rdquo;</p>
<p><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1699003475/resi/gb/cms/Content%20Pages/top-arrow.png" data-displaymode="Original" alt="" style="vertical-align:middle;" /></p>
<p align="center" style="text-align:center;"><strong>COMPLETION </strong></p>
<p align="center" style="text-align:center;">At this stage the contract which has been exchanged is formally &ldquo;completed&rdquo;. Your solicitor sends the balance required to complete to the developer solicitor by electronic bank transfer. Once this is received by the developer&rsquo;s solicitors
    the keys to the property are released to the you. </p>
<p align="center" style="text-align:center;">All you now have to do is move in!&nbsp;</p>
<p align="center" style="text-align:left;">&nbsp;</p>
<p align="center" style="text-align:left;"><em>For any further advise or help with home-buying legal matters please
    contact Amie Mackay at AmieMackay@boltburdon.co.uk</em><em></em></p>

A step-by-step guide to getting your keys for your first home: A guest blog by Bolt Burden

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We are pleased to introduce a guest blog article from the expert legal advisor Bolt Burden. This blog will set out the 9 simple steps you need to be aware of when going through the legal process to buy your first home.

We are pleased to introduce a guest blog article from the expert legal advisor Bolt Burden. 

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<p>Mortgage rates in the UK are constantly changing, it can be hard to know where to start and what to do. Rising interest rates and inflation is making it harder to borrow money, by following this guidance you can put yourself in the best position when buying a new home.</p><ol><li>Get pre-approved for a mortgage before you start looking for homes. By doing this, you can gain an idea of how much you can borrow and therefore what homes you are able to afford.&nbsp;</li><li>Be prepared to move quickly. In the current market, particularly for new build homes, the process moves very quickly so you should come prepared beforehand so as not to lose out on the opportunity.</li><li>Be aware of changing interest rates. These play a pivotal role in the mortgage market by influencing borrowing costs and affordability.&nbsp;</li><li>Determine what type of mortgage is right to you e.g. fixed rate mortgage, and compare their rates with different brokers.&nbsp;</li><li>Stay informed on home buying schemes through our First Time Buyer Website. The government and independent homebuilders and Housing Associations are launching new and innovative solutions to help First Time Buyers onto the property ladder.</li><li>JLL can also help connect you to our in-house expert mortgage adviser, offering fast and reliable help.</li></ol><p>&nbsp;</p><div><p><strong><em>Key Terminology:&nbsp;</em></strong></p><p></p></div><div><p><span style="text-decoration:underline;">What is a mortgage?</span></p><p>A loan used to purchase or maintain a property, secured against the property itself. It is an agreement between the purchaser and the lender, typically a bank.</p></div><div><span style="text-decoration:underline;"><br /></span></div><div><p><span style="text-decoration:underline;">What is an interest rate?</span></p><p>The amount you are charged for borrowing money, usually a percentage of the total amount of the loan. An interest rate that a lender charges on the mortgage amount you borrow is known as a mortgage rate.</p></div>

Beginners Guide to Navigating Mortgage and Interest Rates

Mortgage rates in the UK are constantly changing, it can be hard to know where to start and what to do. Rising interest rates and inflation is making it harder to borrow money, by following this guidance you can put yourself in the best position when buying a new home.

Mortgage rates in the UK are constantly changing, it can be hard to know where to start and what to do. 

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Our home requirements are changing to fit new hybrid lifestyles

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A JLL survey shows how home requirements are adapting to hybrid lifestyles, highlighting trends in lifestyle preferences and energy efficiency.

In our most recent JLL Buyers and Tenants survey, we asked our residents a selection of questions to help us identify trends and patterns.

Our home requirements are changing to fit new hybrid 				lifestyles

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Affordable and attractive London hotspots for First Time Buyers

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Despite rising national house prices, the dream of owning a first home persists for many, though it's a challenging step onto the housing ladder.

House prices have risen significantly nationally over the last three years, and it feels as if the first step onto the housing ladder has become more challenging. Despite this, the dream of owning their first home for many is not dwindling.

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<p>The Deposit Boost scheme is offered by a number of property developers who want to help buyers get their foot on the property ladder. It essentially offers you a top up to the deposit you have already raised. Not only can this open up more options in terms of the home you can afford, but it can ensure you get a more competitive interest rate from your lender, as you will have a higher down payment.&nbsp;</p><p>Different developers are offering varying versions of the Deposit Boost scheme, but it generally requires that you provide a 10% deposit for the property, and the developer then tops this up with a further 5% so that you can obtain an 85% LTV mortgage. Other developers may have a set amount that they will top up your deposit by, such as &pound;5,000, so it&rsquo;s worth getting in touch with a member of the JLL First Time Buyer team and finding out where Deposit Boost is available and what is on offer. </p> <p>As an example, you might be looking at buying a new-build home listed at &pound;200,000, and you&rsquo;ve managed to save a &pound;20,000 deposit (10%). You can apply for Deposit Boost via the developer, who will then add a further &pound;10,000 (5%) to your deposit, which will be paid directly to your solicitor at the time of completion. You will then have a 15% deposit towards your home. Alternatively, you could save up a &pound;15,000 deposit, and the builder could contribute &pound;5,000, giving you a 10% deposit.</p> <p>The offer won&rsquo;t be available from every developer, so it is always advisable to discuss your options with JLL. It is also not available to those looking at renting their property out using a buy-to-let mortgage, to ensure that the scheme is available to homeowners only.&nbsp;</p> <p>It can save you thousands of pounds on your purchase and enable you to secure your home more quickly. With the cost-of-living crisis placing more emphasis than ever on our outgoings, the Deposit Boost scheme can provide welcome relief to prospective and existing homeowners who have their sights set on a new-build home.&nbsp;</p> <p>If you&rsquo;re looking for more information on the Deposit Boost scheme, or on any other aspect of buying your first home, get in touch with JLL&rsquo;s First-Time Buyer team today.</p>

Deposit Boost – What is it and how can it help me on my journey to home ownership?

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One of the biggest barriers to first time buyers entering the property market is the size of deposit they need to save to purchase their home, particularly in London. Thankfully, a Deposit Boost scheme can help!&nbsp;

One of the biggest barriers to first time buyers entering the property market is the size of deposit they need to save to purchase their home, particularly in London. Thankfully, a Deposit Boost scheme can help! 

<p><em>One of the biggest barriers to first time buyers entering the property market is the size of deposit they need to save to purchase their home, particularly in London. Thankfully</em><em>, a Deposit Boost scheme can help!&nbsp;</em></p>

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Financing Your First Home: A Comprehensive Guide for First-Time Buyers

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JLL's guide supports first-time buyers through the home-buying process, emphasizing the importance of making informed decisions.

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Beyond Help to Buy: Navigating the Property Market as a First-Time Buyer

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What are your options if you want to get on the housing ladder this year?

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Shared Ownership Scheme: An Affordable Pathway to Homeownership

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The Shared Ownership Scheme makes homeownership more accessible for those with lower incomes by offering reduced deposit and mortgage requirements.

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Buying Your First Home? Discover the Benefits of the First Homes Scheme

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The UK housing market has been a topic of discussion for years, with concerns about affordability and access for first-time buyers and key workers.

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<p>Since its inception in 2013, Help to Buy has helped over 360,000 people to purchase a home in England. But the scheme is ending, with no announcement from government on a replacement forthcoming. The last applications for a Help to Buy loan need to be
    lodged by 31 October 2022, with home purchases to complete before 31 March 2023. </p><p>As Help to Buy ends JLL surveyed over 700 of our buyers to understand how influential the scheme has been over the past decade. Examining how buyers bought and what they expect to do next without Help to Buy.</p><p>&nbsp;</p><p><a href="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1668679136/resi/gb/Articles/PDFs/JLL_Help_to_Buy_Survey_Report_-_Nov-22.pdf" target="_blank"><button class="Button primary">Download a copy</button></a></p>

JLL Help to Buy Survey 2022

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As Help to Buy ends JLL surveyed over 700 of our buyers to understand how influential the scheme has been over the past decade.

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<p>The Help to Buy equity loan scheme was launched in April 2013, aiming to assist buyers for whom deposits were the main stumbling block in accessing their first home.</p><p>Initially the government planned it would run for three years, but the scheme was extended, now due to end a decade later in April 2023. The first phase of the scheme, which ran between 2013 and 2021 allowed any buyer to use the scheme, but only first-time
    buyers now qualify. </p><p>But for those looking to take advantage of the scheme the closing date for reservation under Help to Buy has been announced, with 31<sup>st</sup> October 2022 the cut off. This is to ensure deals are concluded prior to the April 2023 closure of the scheme.
</p><h2><strong>So what is the Help to Buy equity loan scheme?</strong></h2><p>Details of eligibility for Help to Buy equity loan have changed since its inception.&nbsp; But under the current scheme the government will lend up to 20% (40% in London) of the cost of a new home. Purchasers require a 5% deposit, with a mortgage for
    the remaining 75%.</p><p>There are no fees payable on the 20% loan for the first five years of owning your home. After year five interest is charged on the loan at 1.75%, with the fee increasing by CPI plus 2% in April each year. </p><p>The maximum price of home eligible for Help to Buy varies by region, with current maximum pricing set to run to the end of the scheme in 2023.</p><h2><strong>Maximum property price by region</strong></h2><style>td,
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<div style="overflow-x:auto;" align="center"><table cellspacing="0" cellpadding="0" border="1" align="center"><tbody><tr class="red"><th scope="col" style="color:#ffffff !important;text-align:center;">Region</th><th scope="col" style="text-align:center;color:#ffffff;" data-role="resizable">Maximum property price (April 2021 to March 2023)</th><th scope="col" data-role="resizable" style="color:#ffffff !important;text-align:center;">5% deposit equivalent (maximum)</th><th scope="col" style="color:#ffffff !important;text-align:center;">Maximum equity loan</th></tr><tr><td>North East</td><td>&pound;186,100</td><td>&pound;9,305</td><td>&pound;37,220</td></tr><tr><td>North West</td><td>&pound;224,400</td><td>&pound;11,220</td><td>&pound;44,880</td></tr><tr><td>Yorkshire and the Humber</td><td>&pound;228,100</td><td>&pound;11,405</td><td>&pound;45,620</td></tr><tr><td>East Midlands</td><td>&pound;261,900</td><td>&pound;13,095</td><td>&pound;52,380</td></tr><tr><td>West Midlands</td><td>&pound;255,600</td><td>&pound;12,780</td><td>&pound;51,120</td></tr><tr><td>East of England</td><td>&pound;407,400</td><td>&pound;20,370</td><td>&pound;81,480</td></tr><tr><td>London</td><td>&pound;600,000</td><td>&pound;30,000</td><td>&pound;240,000</td></tr><tr><td>South East</td><td>&pound;437,600</td><td>&pound;21,880</td><td>&pound;87,520</td></tr><tr><td>South West</td><td>&pound;349,000</td><td>&pound;17,450</td><td>&pound;69,800</td></tr></tbody></table></div><p><sub>Source: Homes England</sub></p><h2><strong>Where has take-up been highest?</strong><strong></strong></h2><p>Since the scheme began in 2013, Help to Buy has helped over 355,000 buyers with a loan, issuing a total value of &pound;22bn in loans across England. This equates to an average loan of &pound;61,953 per property in England.</p>

<h2><strong>What replaces Help to Buy equity loan?</strong></h2><p>The end of Help to Buy equity loan will be a concern for both potential first -time buyers and housebuilders, for whom Help to Buy had provided a key source of demand for new properties. </p><p>Help to Buy equity loan is not the only scheme in place to help purchasers buy homes.&nbsp; There hasn&rsquo;t been any official announcement on a new version of Help to Buy from government so potential purchasers buying from November 2022 onwards will
    need to explore their options outside of Help to Buy. As well as government schemes there are also private sector initiatives to enable buyers to purchasers with lower deposits. Here are a few alternatives:
</p><ol><li><strong>Bank of mum and dad</strong>
 <p>A recent report by Barclays suggests 56% of first-time buyers said they would have been unable to purchase their first homes without financial support from their families.</p><p>But the bank of mum and dad is more complex than just gifted deposits. Family members, usually parents, can be added to mortgages as guarantors or joint borrowers to increase the amount a buyer can borrow. Alternatively, some lenders offer the
            option to create two mortgages, the first releasing equity from a family members home to gift as a deposit and the second to purchase the property for the new buyer.</p></li><li><p><strong style="background-color:transparent;color:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;font-size:inherit;">First Homes</strong><br />A government initiative which provides homes
            to first-time buyers at a discounted market rate.&nbsp; A First Home must be discounted at a minimum of 30% against the open market value, sold only to a first-time buyer, with the discount being passed to all subsequent purchasers (who must
            also be first-time homeowners). After the discount has been applied to First Home sale price can be no higher than &pound;250,000 outside London and &pound;420,000 in Greater London. </p><p>Potential First Home buyers are required to fund a minimum of 50% of the discounted purchase price through a mortgage or home purchase plan. Eligible purchasers must have household incomes not exceeding &pound;80,000 outside of London or &pound;90,000
            in Greater London in the previous tax year.</p></li><li><strong>Mortgage Guarantee scheme</strong>
 <p>Introduced in April 2021 and due to run until December 2022 the governments Mortgage Guarantee Scheme aims to increase the availability of higher (91% to 95%) loan-to-value mortgages. It provides lenders with the option to purchase a government
            guarantee which will compensate them (the lender) for a portion of their losses in the event of a foreclosure. A similar scheme was run by government from 2013. The scheme is available on mortgages for properties costing up to &pound;600,000
            although specific lenders may also have their own criteria.&nbsp; </p><p>The scheme appears to have encourage more activity.&nbsp; Comparing the number of fixed-rate mortgages available to first time buyers in March 2021 (before the scheme was introduced) and June 2022 shows the number of products rose from just five
            in March last year to 207 in June this year according to Moneyfacts.
        </p></li><li><strong>Shared ownership</strong>

 <p>Shared ownership is a well-established option for homebuyers, pre-dating Help to Buy. Buyers purchase a share of a property (between 10% and 75%) and pay rent to the landlord on the share they own. Buyers can staircase up, purchasing share in
            the property and paying less rent. Purchasers can choose a new home, or an existing property being re-sold through a shared ownership resale scheme. The rent payable is set at around 3% of the unsold equity per annum.</p><p><a href="https://residential.jll.co.uk/search?tenureType=sale&amp;flags=shared-ownership&amp;sortBy=price&amp;sortDirection=desc">View our Shared
                Ownership developments here</a></p></li><li><strong>Private sector alternatives</strong>

 <p>There are an increasing number of schemes on the market which provide an alternative to Help to Buy. They follow a similar model, lending the purchaser money to increase their deposit. With the purchaser paying interest on the loan. These schemes
            have differing qualifying criteria but can often be used for both new and existing homes.</p><p>JLL has an extensive collection of Help to Buy and Shared Ownership homes available across London, all with fantastic living spaces, amenities, and transport connections.</p><p>Whether you&rsquo;re dreaming of the greenery in Hampstead or the energy of Tottenham Hale, if you&rsquo;d like to be within walking distance of Canary Wharf or out on the town in Brixton, we have the perfect home for you.</p><p><a href="https://view.digital-hub.global/jll-htb-portfolio-2022/p/1" target="_blank">Explore our
                extensive collection of Help to Buy properties</a>&nbsp;and book a viewing today.</p></li></ol><img src="https://dev-cms-resi.eu.jll.com/images/default-source/agency/help-to-buy-portfolio-min.png?Status=Master&amp;sfvrsn=e9a53f3b_1" sf-size="100" alt="" />

Help to buy – the clock is ticking

htb-hero-image (1)

The Help to Buy equity loan scheme was launched in April 2013, aiming to assist buyers for whom deposits were the main stumbling block in accessing their first home.

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