Shared Ownership Mortgages

Purchase a 'share' of your new home

Government-backed schemes

Shared ownership is a scheme backed by government and local authorities to help more people onto the housing ladder. You purchase a ‘share’ of the home with a deposit and mortgage, you then pay ‘rent’ on the percentage share you do not own. The shared aspect does not relate to sharing a home or buying with a party; it's owning a percentage share of the property.

Are there eligibility requirements for Shared Ownership?

Normally yes, the eligibility requirements are set by the housing association or local authority that will continue to own the percentage of the share that you are renting. These schemes are normally limited to first time buyers and have maximum household income limits.

How much deposit do I require for shared ownership?

As a general rule you need a minimum of 5-10% of the share you are purchasing.

get started online now YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Our Calculators

Stamp Duty

Mortgage Borrowing

Mortgage Payment

Stamp Duty

£0

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What is the property price?

Where are you buying?

England or Northern Ireland

Scotland

Wales

Are you a first time buyer?

Yes

Will this be your only property?

Yes

You could borrow*

£0

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Annual Household Income

Monthly 'Credit' Commitments

This calculator is for guidance purposes and is designed to provide you with an indication only, depending on your personal circumstances you may be able to borrow more or less. Please speak to one of our Mortgage & Protection Advisers for a full affordability assessment.

Up to

If you have a 10% deposit, a good credit history and no large debts or expenses, you shouldn't have any problem getting a mortgage up to .

to

Depending on a your personal status, you could qualify for a mortgage between and .

Above

Many lenders will limit the amount you can borrow at about five times your annual wage. For you, this is .

Capital & interest payment

£0

Interest only payment

£0

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Loan Amount

Interest Rate

Terms (Years)

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

We make it possible. No matter how big your goal, we’re here to work with you and make it a reality.

The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it. Approved by The Openwork Partnership on 13.12.23

Home Group Financial Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Registered Office: 1, Abacus House, Newlands Rd, Corsham SN13 0BH. Registered in England and Wales No. 14123203.