Low-cost home ownership

If you want to buy a low-cost home in Royal Greenwich, or elsewhere in south-east London, there are a number of services that can help.

HomeBuy

HomeBuy is a government-funded programme providing low cost, affordable homes.

All first-time buyers earning less than £60,000 can apply for HomeBuy, provided they cannot afford to buy a property to suit their basic household needs on the open market in the area where they live or work.

HomeBuy can also help people who have previously owned properties but are now unable to buy without assistance, for example in the case of relationship breakdowns, or families whose existing homes are overcrowded.

First Steps

L&Q is the government's HomeBuy agent for south-east and south-west London. In partnership with Metropolitan Home Ownership (the HomeBuy agent for the east, north and west London regions), they run the First Steps service for Londoners who are not able to afford to buy or rent good quality accommodation on the open market. L&Q works closely with the Royal Borough of Greenwich to help meet the housing needs of Royal Greenwich residents.

First Steps enables anyone looking for an affordable home in London to complete just one application form to access a range of affordable shared ownership and equity loan schemes being marketed in London. It is also possible to find rented accommodation that charges rents lower than the open market.