Higher percent of social housing in a new development - pros & cons?

snapperdragon

I’m a first time buyer in London and planning to buy a new build directly from the developer. I have been told that the apartment that I plan to put an offer on has more than 50% apartments for social housing (shared ownership & affordable rent).

To be precise, out of the 292 flats, 127 flats are for private owners, 123 are for shared ownership, 42 are for affordable renting.

I heard from someone that having such a high percentage for social housing can have some disadvantages.

What is the impact how 50% plus social housing - from a lending perspective? and from future resale perspective?

Any positives and/or negatives about this would help immensely.

Sachs

So 250 out of 292 will be owner occupier and the remaining 42 will be paying 80% of London market rents?

Something tells me youre not going to be bumping in to that many poor people in the elevator.

FtbDreaming

Shared ownership are still people buying the properties probably with mortgage etc so more than likely in employment.