FIRST STEPS to home ownership

First Steps to home ownership

The Mayor’s First Steps programme helps low and modest income Londoners to buy or rent their own home in the capital.

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

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.

Where do I go to search?

You can search for properties at the First Steps website.

You can find the following at the site:

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.

How does the application process work?

You could find your dream home in just three simple steps:

  1. Check eligibility with First Steps
  2. Register as a First Steps user
  3. Search for properties

Start your First Steps search today.