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Shared Ownership

  • 25 – 75% share options
  • Deposits start from 5%
  • Pay a reduced rent on the landlord’s share
  • Option to buy extra shares in your home

Shared ownership is a great way to get on the property ladder. These leasehold schemes are provided through Affordable Housing providers. You buy a share of your home (between 25% and 75% of the home’s value) and pay a reduced rent on the landlord’s share.

Unless you can pay cash for your share of the property then you’ll need to take out a mortgage to pay for your share of the home’s purchase price. Your deposit amount is based on the share of the property you are purchasing.

Example based on a 50% Share Property:

Full property value – £150,000
50% Share – £75,000

This means you will be buying half of the property for £75,000 and your deposit and mortgage amounts will be based on this figure. You will pay a reduced rent to the landlord (Affordable Housing provider) who still own the other 50% share. You do have the option to buy all or more parts of this share as you can afford to.

So based on the purchase price of £75,000:

Purchase – £75,000
10% Deposit – £7,500
Mortgage – £67,500

Deposits are currently available for some potential purchasers from only 5%. This will depend on many factors and is subject to availability, individuals circumstances and lender availability.


Based on a Repayment Mortgage over 30 years and if you use a cautious lending rate of 5.5% the above mortgage would cost as follows:
Monthly Mortgage Payment £384pm

You would also need to consider the additional rental costs (of up to 3% of the landlord’s share) This amount is dependent on what rent the landlord charges and you should find this our from the Affordable Housing provider before you proceed.
An estimate based on 2.75% is £220 per month.

Buying Shares

You can buy extra shares once you own the property. This is called “staircasing”.

What if you want to sell?

You are free to sell your home. Normally you need to offer the property back to the Housing Asscioation to find a buyer for you for a period of around 8 weeks. After this period of time if they have not managed to sell it for you then you can sell it on the open market.


Your home may be repossessed if you do not keep up repayments on your mortgage

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