Where to buy a new-build home for a deposit under £10k through shared ownership

Trying to save for a house while paying rent is tough.

You know you can afford the monthly mortgage payments, it’s just that initial deposit that’s tricky.

But it is possible to buy a home without having to save up seemingly endless amounts of money.

Take advantage of shared ownership and these fab pads can be secured with down payments of less than £10,000.

Rectory Park, Northolt, UB5, from £112,000 for a 40% share of £280,000

Minimum deposit: £5,600

The last phase of this sought-after scheme is made up of spacious one, two and three-bed apartments.

They feature combined kitchen/living/dining rooms kitted out with glossy white kitchen cabinets, integrated appliances and a balcony or terrace.

The Waldrons, Croydon, CR0, from £91,250 for a 25% share of £365,000

Minimum deposit: £4,563

East and South Croydon stations are within easy reach of this smart development, where only a couple of two-bed shared ownership flats are left.

They have high-spec interiors with fully-fitted kitchens, hotel-style bathrooms and big windows providing panoramic views.

The Place, New Southgate, N11, from £93,750 for a 25% share of £375,000

Minimum deposit: £4,688

One, two and three-bed apartments with either a terrace, balcony or winter garden.

The scheme is car-free but has cycle storage and is just a two-minute walk from New Southgate rail station and half a mile from the Piccadilly line at Arnos Grove.

Helix, Harlesden, NW10, from £81,000 for a 30% share of £270,000

Minimum deposit: £8,100

Secure underground parking and private outside space are included in the price of all these one, two and three-bed homes, located in a rapidly regenerating corner of NW London.

They are set around landscaped communal gardens and are a short walk from Harlesden station.

Ilford Works, Ilford, IG1, from £87,500 for a 35% share of £250,000

Minimum deposit: £4,375

Ideally located for Ilford station, the North Circular and the Exchange shopping centre, these one and two-bed apartments incorporate open-plan kitchen/living/dining areas, utility cupboards with space for a washer dryer and private outside space.

Pixel @ Feature 17, Walthamstow, E17, from £87,500 for a 25% share of £350,000

Minimum deposit: £4.375

If you fancy living in the heart of uptra-hip Walthamstow, check out these one, two and three-bed apartments.

They’re right by Wood Street station and Wood Street itself, which is lined with independent shops, cafes and restaurants.

The Refinery, West Silvertown E16, from £141,750 for a 35% share of £405,000

Minimum deposit: £7,088

In the heart of Royal Docks and moments from West Silvertown DLR station, these two and three-bed homes include contemporary, handleless kitchens with integrated AEG appliances and master bedrooms fitted with en suites and mirrored wardrobes.

Fortescue Gardens, Colliers Wood SW19, from £127,500 for a 25% share of £510,000

Minimum deposit: £6,375

These two and three-bed apartments are tucked away in a quiet spot adjacent to a nature reserve, yet are only a six-minute walk from the Tube station. Reserve by the end of the month for a reduced fee of just £125 and £1,000 off when you complete.

The Staging Post, Hounslow, TW3, from £83,750 for a 25% share of £335,000

Minimum deposit: £8,375

Only a handful of one and three-bed shared ownership homes are left at this development which is surrounded by 40 acres of parkland.

Heathrow is 11 minutes by Tube from nearby Hounslow West station, and Hounslow town centre is less than two miles away.

Explorers Wharf E14, from £92,500 for 25% of £370,000

Minimum deposit: £9,250

14 one, two and three-bed shared ownership apartments, forming part of a larger development overlooking the Limehouse Cut canal and benefitting from an onsite concierge.

Priority is given to applicants currently living or working in Tower Hamlets.

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