AFFORDABLE HOMES
SHARED OWNERSHIP WITH NEWLON LIVING : YOUR JOURNEY TO OWNING A HOME OF YOUR OWN Buying your first home in London can feel out of reach. Shared Ownership offers first time buyers the opportunity to buy a share of a brand new or pre-owned home, pay a subsidised rent on the rest, and step on to the ladder for less than you might expect. At Newlon Living, the sales team of Newlon Housing Trust, we are here to guide you all the way, from your first enquiry to the day you pick up your keys
It begins with a simple enquiry. Register your interest in a property, or in one of the north and east London boroughs we specialise in, and we will send you all the relevant information. From there, you complete an application form and a financial assessment with a GLA-approved independent financial adviser. This helps us understand what you can comfortably afford, and once it is done we will invite you to a viewing or a launch event. When you find a home you love, you can complete an Expression of Interest Form and secure it with a £500 reservation fee. We then review your application, ask your financial adviser for final sign off, and make you a formal offer. The offer letter sets out the details of your new home, and you are then given five working days to confirm you wish to proceed. This is your opportunity to look into
Your journey to owning a home
1. Initial enquiry
3. Reservation
5. Memorandum of Sale
7. Exchange
Get started
Reserve & offer
Legal & mortgage
Move in
2. Application & assessment
4. Offer of a property
6. Mortgage offer
8. Completion
you are buying, and once your contract is signed, contracts are exchanged.You are now legally committed to buying your home, and we are legally committed to selling it to you. Completion is the moment it all becomes real. The money
You can get more for your money, settle into an established community, and even chat to the current owner about the area and the running costs before you buy. With homes across sought-after parts of north and east London, a resale could be your way in. OWNING MORE, AT YOUR OWN PACE Shared Ownership is not the end of the story. Once you are settled, you can buy further shares in your home whenever the time feels right. This is known as staircasing. The more you own, the less rent you pay, and many of our residents go on to own their home outright. There is no obligation and no rush.You move at a pace that suits you. Wherever you are on your journey, we are here to help. To nd out more or register your interest, visit newlonliving.co.uk or call our sales team on 020 7613 7480
mortgage and legal costs, appoint a solicitor and start your mortgage application. Once you confirm, we produce a Memorandum of Sale and instruct solicitors. This document outlines the basic terms of your purchase and goes to both sets of solicitors and your mortgage adviser. Your financial adviser arranges a valuation on behalf of your lender, after which your mortgage offer follows. Your solicitor will then ask you to pay a deposit of 5% of the share
changes hands through the solicitors, we meet you at your new home for a short familiarisation session, and we hand over the keys. Welcome home. A SMART ALTERNATIVE: SHARED OWNERSHIP RESALES Not every home we sell is a new build. Our resale homes are properties our existing residents are ready to move on from, and they can be a wonderfully practical choice.
84 First Time Buyer August/September 2026
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