Shared Ownership Mortgages

MORTGAGE SERVICES

Let’s help you take your first step into homeownership with confidence.

Shared ownership is a great way to get on the property ladder if buying a home outright feels out of reach. It allows you to buy a share of a property usually between 25% and 75% and pay rent on the remaining share owned by a housing association.
This means:

You need a smaller deposit
Your monthly costs can be more manageable
You can increase your share over time (known as "staircasing")

We’ll guide you through the process, help you understand eligibility, and find the right mortgage deal for your share of the property. Whether you're a first-time buyer or moving into a new shared ownership home, we’ll make sure everything runs smoothly.

Is Shared Ownership Right for You?

Shared ownership could be a good fit if:
This means:

You have a limited deposit
You’re buying in a high-cost area
You want a more affordable way to own a home

We work with lenders who offer competitive shared ownership mortgage deals and understand the unique structure of these purchases.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

What is a Shared Ownership mortgage?
Shared Ownership allows you to buy a share of a property (usually between 10% and 75%) and pay rent on the remaining share. You can increase your ownership over time through a process called "staircasing."
Who is eligible for Shared Ownership?
You must be a first-time buyer, or someone who used to own a home but can’t afford to buy one now. Your household income must be below £80,000 (£90,000 in London).
How much deposit do I need for Shared Ownership?
The deposit is based on the share you’re buying, not the full property value. This makes it more affordable for many first-time buyers.
Can I get a mortgage for my share?
Yes, most lenders offer mortgages specifically for Shared Ownership. A mortgage adviser can help you find the right deal.
Can I buy more of the property later?
Yes, you can buy additional shares over time—this is called staircasing. Eventually, you may be able to own 100% of the property.
What are the costs involved?
You’ll pay your mortgage, rent on the remaining share, and service charges. You’ll also need to budget for legal fees and valuation costs.