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What is Shared Ownership?

Shared Ownership is an excellent way for people to take their first steps onto the property ladder and become home owners, even if they don’t have the savings required to buy a property outright.

With Shared Ownership, you buy a share of your home – as much as you can afford – starting from as little as 25 per cent and rising up to 75 per cent of the property’s value. You then pay subsidised rent to us on the remaining share of your home. When you wish to, you can buy a bigger share of the property until you own it outright.

Shared Ownership allows you to buy a new build or an existing property through one of our resale programmes. The deposit required for a Shared Ownership mortgage is a lot lower than if you were purchasing the property outright. This is because it is calculated on the initial share you are purchasing, rather than on the full value of the property.

Mortgages for Shared Ownership are available with as little as 5 per cent of the share value. However, the bigger your mortgage deposit, the more favourable your mortgage interest rate is likely to be.