How to Buy a Home with a Small Deposit

How to Buy a Home with a Small Deposit


Due to the economic climate, wage stagnation, and the challenge of demand outweighing supply, purchasing a home in London and the South East a challenge to many prospective home owners.


First time buyers are particularly feeling the strain to get on the property ladder due to the typically crippling deposits required by many lenders to secure a mortgage.


It’s often assumed that Shared Ownership follows the same principles as the regular property market and that first time buyers are expected to have a substantial deposit to secure their first home. 


However, this couldn’t be further from the truth. 


In reality, Shared Ownership requires a much smaller deposit than buying a home on the open market. 


The reason is that Shared Ownership allows buyers to purchase a share of a property, typically 25%, and a mortgage and depositis only required for that smaller share. 


So, if you’re a first time buyer who is struggling to save for a deposit, Shared Ownership is an option worth exploring. 


If you would like to speak to someone about Shared Ownership, our friendly sales advisors would be happy to guide you through your options. You can email them at or call 0300 555 2171. 


Are you looking for a stylish and modern home in London or the South East?

Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis. If you're a first-time buyer and interested in owning a Shared Ownership property in London or the South East then click on this link to take a look at our latest developments.