Affordable homes in London are still available today, new Notting Hill Housing article.

(PRBuzz.com) December 6, 2012 -- It is getting more difficult to find an affordable house in London today. But there are ways to find a nice home anyway - they can try options like the shared ownership scheme.

London is a prosperous city but with the number of people coming in to find jobs, education, it faces the huge housing problem. The city is in need of family sized rented homes or apartments to tackle London's chronic overcrowding problem. Needless to say that it follows that better housing will lead to better education and health.

"Affordable homes" is the term given to property, the cost of which does not exceed thirty percent of household income. Housing which costs less than this is considered affordable. This includes property for social rent, available to buy on a shared ownership basis or available with schemes made available by government or builders and others.

Affordable housing schemes in London
are designed to assist people in this capital and the surrounding area, which are unable to purchase a home on the open market. There are various schemes available but the main ones are shared ownership, which means that the house is partly owned and partly rented.

Shared Housing and Shared Ownership housing schemes are basically meant for essential workers such as teachers, nurses, police officers and employees of the health and social services, for with the salary that is earned by them in their jobs, it is difficult to find a house which they can afford.

For more information visit: http://www.nottinghillhousing.org.uk/ or contact their editors at: 020 8357 5000.

 
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