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I think disdain aimed at hipsters is never entirely wasted. But I take your point.
I was tempted by those Shared Ownership schemes but after looking at it the cashdoesn't stack up - the mortgage is cheap but you need to pay 60% rent and service charges on top, which pushes the average monthly cost up to circa £1500 a month which isn't doable for me and my boo.
ReekBlefs
You’re directing your disdain at the wrong people. The predicament you (anyone trying to save a ridiculous deposit) are in is due to Thatcher’s Right to Buy scheme along with each subsequent Government’s inability to build sufficient houses for a growing population. The saturation of London is due to the London-centric economy starving other cities/regions. For what it’s worth I was born in Islington and would be in the exact same position as you are now had it not be for my wife’s dad dying and leaving us some inheritance money back in 2011. The system’s broken and I don’t know how it can be fixed or if it ever will be with Government’s reliance on rising house prices to prop up the economy/stagnating salaries against general inflation.
Have you looked at Help to Buy schemes? I believe you can apply in Boroughs where you live and/or work and I imagine your deposit would go some way?