The Labour candidate for London's mayoral election has
said he plans to roll-out a shared ownership scheme with Londoners getting
"first dibs". Sadiq Khan said he would offer potential owners the
chance to buy 25-75% of a property with the rest paid off in rent. Earlier he
announced 50% of new housing built on public land would be designated as
affordable if elected. Mr Khan said he wanted to utilise such land for
shared-ownership properties which would enable him to control the level of rent
making it as little as £400 a month with an average deposit of £5,200 in outer
London. Read more on the BBC website.
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