shared ownership homes in and around london you can buy with deposits from £3,250

Take your first step onto the property ladder through shared ownership (Picture: Metro/Supplied)

When it comes to deposits on your first home,it’s a surprisingly long way. How does £3,250 sound? 

Even when cutting back on holidays,treats and nights out (and the now legendary avocado on toast) in order to build up your savings,accumulating enough money for a deposit can seem nigh on impossible. 

Industry body UK Finance has revealed that in 2024,for the typical first-time buyer in the south-east of England,purchasing without support from the Bank of Mum and Dad meant coughing up a deposit of nearly £72,000. In London,this figure doubled to just over £145,000. 

Parkside Triangle is an affordable place that offers shared ownership (Picture: Metro/Supplied)

Shared ownership offers a lifeline to aspiring home owners as deposits are much lower: according to Share to Buy,the average down payment on a shared ownership home in the capital is just shy of £28,000. 

However,it really is possible to find a good choice of homes to buy with a deposit of £10,000 or less? These low-cost developments are all within Greater London or easy commuting distance.

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And being only a mile from the M3 and 15 minutes from Basingstoke railway station,they’re well positioned for commuters. sales.sng.org.uk.

Lovely green spaces can be found at Hounsome Fields (Picture: Lucy Fraser)

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