The Mayor’s First Steps programme helps low and modest income Londoners to buy or rent their own home in the capital.
First Steps to home ownership
How does it work?
First Steps gives Londoners a chance to get on the housing ladder at a lower cost than renting privately or buying on the open market.
There are three main options available to applicants:
Shared Ownership – or ‘part buy part rent’ as it’s often known - means buying a new or existing property from a housing association. You purchase a minimum of 25% of the property then pay rent on the remaining share.
Rent to Save
You can rent a property while saving for a deposit through our Rent to Save scheme. You can rent for up to five years, but at any point during the tenancy you can purchase on shared ownership or shared equity terms.
Help to Buy
Through Help to Buy, you purchase a minimum of 80% of the property with a mortgage and a deposit. You need to be able to raise a minimum deposit equivalent to 5% of the value of the property.
Why should I apply?
Finding a home in the capital that suits your needs and budget can be difficult. First Steps provides a simple solution to this process.
Users can search and apply for suitable homes provided by housing associations through the site's 'Search properties' tool. Learn how to search for properties through First Steps.