Mill Hill has long been regarded as one of London’s most popular residential areas, offering a village-like feel without having to sacrifice a London postcode. But with great demand comes a price premium, and the average deposit required to buy in the area was reported to be 28% of the property price in 2021, totalling a whopping £143,607, leading to many first-time buyers feeling priced out of this bustling North London suburb.

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Those set on making Mill Hill home, will welcome the news that L&Q have homes available to purchase and move into now through Shared Ownership in NW7 at L&Q at Ridgeway Views. Comprising a collection of one and two bedroom homes, buyers can buy their North London home with a deposit of just £9,000 through Shared Ownership. Additional properties will be brought to market later in the year. 

Shared Ownership is a Government-backed scheme which allows purchasers to buy a percentage share of the property, and pay rent on the remaining portion. Buyers only require a deposit and mortgage to cover the share they are purchasing. Buyers can ‘staircase’, by purchasing more shares in their home when they can afford to, allowing them to eventually own the property outright.

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Giving residents the sought-after combination of city and village living, L&Q at Ridgeway is positioned within the Mill Hill conservation area and overlooks the green fields of Totteridge Valley. Buyers will have access to a wide range of amenities in their new micro-neighbourhood including a dedicated 24-hour concierge, gym, parking, and well-maintained communal gardens. Residents can enjoy picturesque views of the neighbouring green belt, whilst situated just 7 minutes from Mill Hill East underground station, where journeys to Kings Cross St. Pancras take only 23 minutes.

Prices at L&Q at Ridgeway Views start from £84,375 for a 25% share of a one bedroom apartment (FMV: £337,500). For more information, visit lqhomes.com/ridgewayviews