Shared Ownership

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

Borrow up to 90% of the value of your share in a property

Cashback options available

No fees payable upfront for application

Shared ownership is an affordable home ownership scheme which could make it easier for you to get on the property ladder.

You buy a share in a home on a long lease from a housing association - initially between 25% and 75% - and make monthly mortgage payments on this share. This means you take a smaller mortgage, so the deposit required is lower.

You rent the rest of your home from the housing association and will usually pay below market rent. You also have the option to increase your share over time, at a price based on the value of the property at the time - so if property prices rise, you'll pay more for your share, if they fall, you'll pay less. In many cases you can increase your share up to the point where you own 100% of your home; this is known as staircasing.

If you own a share of your home through the shared ownership scheme and decide to sell your home, the housing association will have the right to buy it first. They also have the right to find a buyer for your home. If you own 100% of your home, you can sell it yourself.

To buy a home through a shared ownership scheme, you’ll need to contact the Help to Buy agent in your area. Take a look at the government site for further information, including eligibility criteria, whether the scheme is available in your area and details of agents in each area.

Our products

We have a range of shared ownership mortgages with a minimum 10% deposit required. These are only available in England and Wales to those eligible to take part in the scheme and who have the option to 'staircase' until they own 100% of their home. All applications are subject to housing association approval.

Ready to apply?

For an affordability check, Decision in Principle or to talk to us about our mortgage products please call us on

0345 607 9825

Ready to apply?

For an affordability check, Decision in Principle or to talk to us about our mortgage products please call us on

0345 607 9825

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

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