Getting onto the property ladder can feel overwhelming, especially in a fast-growing area like Lewisham. Whether you’re a first-time buyer or someone exploring more accessible routes into homeownership, government-backed initiatives such as Help to Buy and shared ownership can make all the difference. At Conran Mortgages, we simplify these schemes so that you can focus on finding the right home for your future.

In this article, we break down how Help to Buy Lewisham and shared ownership Lewisham schemes work, who qualifies, and how to make the most of these affordable housing opportunities with help from trusted, local mortgage advisers.

• Call us on 020 8528 2251
• Or email us at hello@conranmortgages.co.uk

Looking for a smarter path into homeownership in Lewisham? From tailored advice to unlocking government schemes, we make buying your first home simple and stress-free.“

Understanding Help To Buy Support In Lewisham

Although the national Help to Buy: Equity Loan scheme ended in March 2023, there are still forms of Help to Buy support in Lewisham available. These include resale opportunities from previous scheme participants, local authority initiatives, and developer-led incentives that mirror the original scheme’s structure.

For example, certain developers within and around Lewisham continue to offer deposit-matching schemes or equity contributions, providing the same kind of leg-up that Help to Buy originally aimed to deliver.

Our team of expert advisers keeps up-to-date with the latest government schemes, allowing us to guide you towards those that still offer Help to Buy-style support in the Lewisham area. We ensure that no opportunity is missed and that your budget works hard for you.

How Shared Ownership Works In Lewisham

Shared ownership in Lewisham offers a more affordable alternative to buying a home outright. With property prices continuing to rise across South London, this scheme helps many buyers own a portion of a home while paying rent on the remaining share.

Here’s how it works:

• You purchase between 25% to 75% of a property.
• You pay a subsidised rent on the remaining share.
• You can increase your share over time through a process called “staircasing.”

This means you can live in a home that suits your needs within Lewisham, even if your deposit or income wouldn’t usually stretch that far. The scheme is ideal for first-time buyers, key workers, and those returning to the market after a financial setback.

Our advisers will help you navigate the application process, explain lease terms, and identify the best shared ownership developments within or near Lewisham.

Affordable Mortgage Schemes In Lewisham: What Are Your Options?

When looking to buy in Lewisham, it’s vital to understand what affordable mortgage schemes in Lewisham may be available to you. Aside from Help to Buy and shared ownership, several other schemes can assist you in getting on the property ladder:

• First Homes Scheme – Offers at least a 30% discount to local key workers and first-time buyers.
• London Living Rent – Lets you rent at a reduced rate while saving towards a deposit to eventually buy the home.
• Lifetime ISAs – Allows you to save with a 25% government bonus, up to £1,000 annually, towards your first home.

Each of these schemes plays a role in supporting buyers in high-demand areas like Lewisham. At Conran Mortgages, we assess your personal situation and suggest the best route forward, based on what will help you own your home sooner and more affordably.

Why Choose Conran Mortgages For Lewisham Buyers?

We’re more than just mortgage brokers—we’re local specialists with a deep understanding of the property market in and around Lewisham. Our clients benefit from our connections with housing associations, developers, and lenders who participate in affordable housing schemes.

You’ll also gain access to the most current updates on available shared ownership homes, Help to Buy support, and affordable mortgage schemes. And when you’re ready, we’ll ensure your documents and finances are in order so you can proceed confidently.

Before applying, it’s helpful to review our companion article:

Lewisham Mortgage Pre-Approval: How It Works

This guide explains how to get mortgage-ready, which is crucial before exploring these schemes.

Who’s Eligible For Help To Buy And Shared Ownership Schemes?

While eligibility can vary slightly depending on the scheme, most government housing programmes are designed for first-time buyers or those who currently don’t own a home.

You may qualify if:

• Your combined household income is under £90,000 (in London)
• You’ve never owned property, or can’t afford to buy again without support
• You’re currently renting or living with family
• You meet the local authority criteria specific to developments in Lewisham

Need help checking if you’re eligible? Our advisers will run through the requirements and explain how they apply to your circumstances.

What To Avoid When Using Government Housing Schemes

While the benefits of Help to Buy and shared ownership are clear, buyers should be aware of a few common missteps:

• Relying solely on developer advice: It’s important to get impartial, independent guidance.
• Forgetting additional costs: Service charges, legal fees, and valuation reports still apply—even with government schemes.
• Not planning long-term: With shared ownership, it’s wise to budget for staircasing and potential changes in rent or interest rates.

With Conran Mortgages by your side, we help you avoid these pitfalls, so there are no surprises later in your journey.

FAQs

Is Help To Buy Still Active In Lewisham?

While the national Help to Buy scheme has ended, Help to Buy support in Lewisham is still available in certain forms. Our advisers will help you discover whether any local or developer-led alternatives exist.

Can Self-Employed Applicants Use Shared Ownership?

Yes. Many self-employed individuals have successfully secured shared ownership in Lewisham. Lenders will require a longer income history, and we’ll help prepare your documentation for success.

How Much Deposit Do I Need?

Deposit amounts can be as low as 5% of the share you’re purchasing. For instance, if buying a 25% share in a £400,000 property, your deposit might be as little as £5,000.

Can I Move To Full Ownership Later?

Absolutely. Most shared ownership agreements allow you to staircase your way to full ownership over time, depending on your financial position.

Take The Next Step Towards Owning In Lewisham

Whether you’re exploring Help to Buy in Lewisham or want to better understand your options for shared ownership in Lewisham, Conran Mortgages is here to help you make informed, confident decisions. We offer clear guidance, local insight, and tailored advice to get you on the property ladder faster.

Let’s talk about how affordable mortgage schemes in Lewisham can work for you.

• Call us today on 020 8528 2251
• Or email us at hello@conranmortgages.co.uk