Merton Council

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Help with buying or renting a home

New build shared ownership, shared ownership resales, equity loans and intermediate renting

These schemes are designed to help people who live or work in Merton who would otherwise be unable to purchase homes in Merton. Housing association tenants are given priority over other applicants.

If you are a housing association tenant your housing officer will be able to give you advice about applying for shared ownership.

You must join Merton Council's Housing Register to be eligible for any of the shared ownership or intermediate renting schemes. Join the Housing Register now so that you are registered when you view new developments. This will help you to establish your eligibility at an early stage.

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See also: Rent Deposit Scheme

First Steps and Homematch

First Steps and Homematch are free to use services for first time buyers. They provide detailed information about eligibility for intermediate housing schemes. You can also find out about the availability of intermediate renting, new build shared ownership, shared ownership resales and equity loan schemes.

They also organise homeownership shows where you can

  • Get details of schemes which are being marketed across London
  • Talk to representatives from a wide range of housing associations and other housing developers
  • Talk to solicitors and independent financial advisers
  • Attend seminars which explain shared ownership and equity loan opportunities

The next show is organised by First Steps and is being held on Saturday 4 October at the Queen Elizabeth II Conference Centre, Westminster. The event is ticket only. You can register to attend through the First Steps London website - where you can also find out more and search for First Steps properties.

Details of properties marketed by Homematch can  be found on the Homematch website. Homematch also provide a telephone helpline on 0845 230 8099.

You can also ring Merton Council's Housing Development Team on 020 8545 4151.

Wheelchair Housing

Having a disability need not be a barrier to owning your own home. There are a range of fabulous wheelchair accessible homes in London, including in Croydon, which can be purchased through First Steps. If you cannot work you may be able to buy one of these homes with your benefits through a scheme called Home Ownership for People with Long Term Disabilities (HOLD).

To qualify for HOLD applicants must be over 18, have a housing need and:

  • Be in receipt of high or medium Disability Living Allowance (care component)
  • Have a good credit history
  • Be unable to work

You can get detailed advice about HOLD by contacting My Safe Home on 08000 121 333

My Safe Home Website

You can also ring Merton Council's Housing Development Team on 020 8545 4151.

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Intermediate Renting

With Intermediate Renting, you rent a property owned and managed by a housing association. You will pay 80% of the rent you would expect to pay for an equivalent property from a private landlord in the same area.

Intermediate renting is intended for the short to medium term (up to five years). It should enable you to save a deposit for a shared ownership property. Applicants should be able to demonstrate how the discounted rent will enable them to save a deposit.

First Steps Rent website - find out more, search and apply for affordable homes to rent

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New Build Shared Ownership

If you cannot afford to buy on the open market, this scheme allows you to buy a minimum share of 25% of the value of a property and pay rent on the remainder. You can increase the share you own over time until you own the property outright.

New build shared ownership schemes offer a selection of one, two and three bedroom properties. You must be on Merton Council's Housing Register to be eligible for any of these schemes. Some properties are ready to move into now. For others you can find out details prior to completion.

For full details, property sizes, prices, affordability and the number of properties available, contact the housing associations listed below.

Scheme Name
and Address
Completion
Date
Housing
Assocation
Website Telephone
Lavender Gardens, Western Road, Mitcham CR4 3ED July 2014 L&Q L&Q Website 0844 406 9800

Four additional new shared ownership schemes are currently being developed in Mitcham, Morden, South Wimbledon and New Malden. These schemes include both flats and houses. They are all due for completion  in 2015. Further details will be added here about these schemes during 2014.

The First Steps and Homematch websites include affordability calculators. They give you an indication of the earnings and deposit you will need to purchase any particular property. If you have concerns about affordability, you should contact the housing association for further advice.

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Shared Ownership Resales

Shared ownership resale properties are usually individual second hand shared ownership homes which are being sold on a part-buy, part-rent basis by their current owner. They vary in the share available, location, age and design.

They can provide an opportunity to buy an older property in an established community. They may also be available in a wider range of locations in Merton than new build shared ownership properties.

Shared ownership resales usually work in the same way for purchasers as new build shared ownership. You buy a share and pay rent to the housing association which built the home on the outstanding share.

Resales may be more expensive than new build as you may be buying a larger share of the property. While new build shares start from 25%, if the current owner has staircased (bought additional shares) you will be buying a larger share.

There may be opportunities for households who are not eligible for new build shared ownership because of their income to buy shared ownership resales.

The following housing associations have shared ownership properties in Merton.

Housing Association Website Telephone
A2Dominion A2 Dominion Website 0800 432 0077
Affinity Sutton Affinity Sutton Website 0300 100 0303
Amicus Horizon Amicus Horizon Website 020 8726 8839
Genesis Genesis Website 0845 600 4663
Housing 21 Housing 21 Website 0370 192 4000
L&Q L&Q Website 0844 406 9800
Moat Moat Website 0845 359 6161
Notting Hill Notting Hill Website 020 8357 4444
Orbit Orbit Website 01622 633 241
Thames Valley Thames Valley Website 0845 600 6699
Wandle Wandle Website 0800 731 2030

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Equity Loan and Discounted Open Market Schemes

Equity loan schemes give you the opportunity to buy a new home with help with up to 20% of the purchase price. Equity Loan schemes include FirstBuy as well as developer's own schemes.

Discounted open market schemes are similar to equity loan schemes. However, you may not have the option to staircase to owning the full value of the property.

Purchasing through an equity loan or discounted open market purchase scheme is likely to be more expensive than new build shared ownership or shared ownership resales but less expensive than outright house purchase. You are likely however to be buying a larger share. It will be less expensive than outright house purchase.

FirstBuy may be available on some new housing sites in Merton. Ask the sales staff.

First Steps Equity Loans website - find out more, search and apply

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Contact Us

Housing Development Team
Community & Housing
3rd Floor Civic Centre
London Road
Morden
Surrey
SM4 5DX

Tel: 020 8545 4151

This page was last updated on Wednesday 20 August 2014