Kenneth – Shared Ownership buyer in Southwark

Shared Ownership success story in London

When Kenneth first visited the Share to Buy website, he had no idea that he would find his new home just down the street from where he was already living. And better yet, that he would own 100% of the property just two years later! Shared Ownership allowed Kenneth to put down roots in an area he loved.

After moving to East Dulwich in 2008, Kenneth, a freelance technical author, was keen to stay in the area but was concerned about the rent increases he was facing each year. Three years ago, he visited the Share to Buy property portal and was pleasantly surprised with the properties on offer: “One thing that did turn me towards Shared Ownership was that any of the flats I saw in terms of viewings were always of a very high standard… I was able to find somewhere that I’ve really grown to love.”

Kenneth bought a 75% share of his home at L&Q’s Co Operative House in Peckham with a two year fixed mortgage, however when this came to the end of its term, he was keen to evaluate his next steps and revisited the Share to Buy website: “There’s a staircasing calculator that you can use to check whether or not you can buy any other shares. I checked and got an answer back that I could staircase to 100% so I decided to do that. The sale proceeded much quicker than the initial one – I didn’t think in any time that I would be able to do it that quickly!”