Emma's shared ownership journey

  • March 7th 2019

  • Shared Ownership

When one couple outgrew their one-bed flat in the heart of Camden, a local teacher was able to find a space that was perfect for her!
Emma had been renting in London for nearly eight years. She had been living in Camden in a one-bedroom flat for two years, but the price of renting for the size of property she had just didn’t seem like good value.

“I had been renting for 7 years and was looking for more affordable options as my tiny rented flat in Camden was very expensive. I have lived in a few different places around London, but Camden is definitely my favourite and it’s close to where I work so staying nearby was always the dream, but didn’t seem possible. I was starting to look at different buying options, when my friend tagged me in a post about the property on Facebook. I only knew a little bit about shared ownership but I was shocked there was such an affordable option available to me, in such a central location, so close to where I was living already.”

Wanting to find out more, Emma got in touch with Origin. She was unable to attend the sales open day, so Origin offered her a private viewing instead.

“Origin were great and happily showed me round on my own, they were incredibly accommodating when I said I couldn’t make the open day which was a massive relief. I was worried I might miss out as there was obviously a lot of interest in the property.”

Emma wasn’t sure what to expect from the property, or the process, as she didn’t know much about shared ownership but said: “When I looked round, I couldn’t believe how spacious it was and that there was a private balcony. I brought my parents with me as they wanted to make sure I was making the right decision and that it wasn’t too good to be true.”

When asked what convinced her it was the right option for her, she said: “It was a no brainer really. It was affordable and I’m able to have my own place. The flat is huge compared to what I was renting before, and my monthly outgoings are less.”

“I would 100% recommend Shared Ownership to anyone looking to buy. The process is really easy and as I was buying on my own, it was the only way for me to get on the property ladder in central London.”

Through shared ownership, Emma was able to buy a 40% share of a one-bedroom resale home with Origin Housing at Regent Canalside. Her home is just a stone’s throw from Camden and its bustling market.

“I feel incredibly lucky. I love Camden, and I love that I can walk everywhere. Including to work, which only takes 15 minutes. Primrose Hill is on my doorstep and I can pop out for a coffee or see my friends nearby as there’s so many nice places to go.”

“However, I think my favourite thing about my flat is how quiet and peaceful it is, even though I’m on a main road. And I love having my own flat as I can be completely myself and decorate how I like. I still have a few things to buy, like lampshades, but I’m nearly there!

Emma moved into her flat in December and having already lived in Camden she felt at home right away. She explained the main differences were having more space and having perks in the building.

“The property has a concierge, which makes you feel really safe and is also really handy. I’m friendly with the guy who works on it and just the other day he brought up a delivery of some furniture for my balcony and helped set it up!”

“In addition to my private balcony, there’s a massive communal roof terrace, and on New Year’s Eve I had friends round and we watched the fireworks. It was brilliant. I can’t wait to go up there in summer and make the most of the sunshine!”

Shared ownership profile

Age: 28
Occupation: Primary School Teacher
Purchased: 1 bedroom flat with balcony
Share/FMV: 40% - £520,000
Approx monthly costs: £1140
Mortgage: £600
Service charge and rent: £540
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