Business  Features

Sharing, it’s the way forward for young Londoners

Lucy4 (1)

Published on
March 7, 2017

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Nine Elms is home to all sorts of people, whether they call themselves old Londoners or new, they are living the London life and, by the looks of it, loving every minute.

Five months ago, local surveyor and Wandsworth resident, Lucy Jordan swapped life on Lavender Hill for a shared ownership flat in Riverlight on Nine Elms Lane. She talked to us about her experience so far.

What surprised you about the shared ownership process?

How easy and affordable it was. It was quick and painless to become an ‘eligible buyer’ on the Wandsworth Shared Ownership list, and the steps to be allocated a flat went smoothly. The only hitches were legal and construction delays that meant I had to wait two months more than expected to move in.

What made you choose Riverlight and Nine Elms?

I am really sold by the whole story of the Nine Elms regeneration area and the location so it was an easy choice for me. I am excited to see the place grow and change!

Any places or spaces around your new home that you enjoy, or look forward to exploring?

I’m really excited for the shops coming in the first phase at Battersea Power Station to open – they have some really great bars and restaurants opening. And I am also looking forward to seeing the Linear Park appearing as each of the developments around it complete!

How did you hear about the shared ownership scheme?

I have known about it for a while, but always thought that it wouldn’t be affordable. Fortunately in Wandsworth, their policy restricts the total monthly costs of shared ownership to ensure it is affordable for a range of salary bands. Riverlight was the first scheme I came across that was affordable to me.

Is there anything else you’d like to share about your story, or the area?

I have now been living in Nine Elms for five months and have really enjoyed my experience. I am looking forward to Summer (2017) when the US Embassy will be opening, the improvements along the waterfront will be complete and the Battersea restaurants will be open.

To find out more about shared ownership, visit wandsworth.gov.uk/homeownership  (for those who live or work in Wandsworth), or stateregeneration.lambeth.gov.uk/homeownership (for Lambeth residents)


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