Shared ownership
Shared ownership lets you buy a percentage of a home and pay rent on the rest. It can be a really smart step onto the ladder, but the paperwork is different and the choice of lender matters. We'll guide you through.
Shared ownership lets you buy a share of a property, typically between 25% and 75%, and pay rent to the housing association on the remaining share. You take out a mortgage on the share you're buying, so your deposit and mortgage are both smaller than for a full purchase.
We'll walk you through the true monthly cost, mortgage, rent and service charge combined, so you know exactly what you're signing up to.
Not every lender offers shared ownership mortgages, and those that do have very specific criteria around lease length, service charges and the housing association involved. We know which lenders will look at your case favourably, and we'll steer you away from the ones who won't.
As your circumstances change, you may decide to buy additional shares in your home through staircasing. We'll help you plan the right time to do so, ensuring it fits with your remortgage and future plans.
Ready when you are
Book a friendly chat and we'll help you work out whether shared ownership is the right step for you.