UK Rent Prices increasing

UK Rent Prices increasing

The average rent price in the UK is up an astonishing 6.9% compared to this time last year, and analysis reveals that London rent prices are set to rise by 20% over the next five years.

Whether you are a first-time buyer or you don’t currently own a property, Shared Ownership is an irresistible prospect to those looking for an affordable way onto the housing ladder.

Shared Ownership typically offers lower monthly repayment costs compared to private renting or taking on a full mortgage with a down payment. The scheme is often preferable to renting, as the portion of the home that you own will grow in value if the price of the property goes up. 

Plus, your monthly repayments can often work out cheaper than if you had an outright mortgage. The rent payments can be lower than renting privately – usually 2.75% of the property value per annum.

If you’d like to find out more about the benefits of Shared Ownership, just click here.

You can also read our guide to buying your new Shared Ownership home.

Are you looking for a stylish and modern home through Shared Ownership 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 here to take a look at our latest developments.