Shared ownership mortgage
The short answer
Part-buy, part-rent lending and staircasing
- Price from
- On quote
- Time on site
- 1 to 2 hours
What you get
Expert advice on shared ownership mortgages and the 'staircasing' process, guiding you through eligibility criteria and helping you find the most suitable lending option.
See your price and free times
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When do you need a Shared ownership mortgage?
You need a shared ownership mortgage if you are struggling to afford a full deposit or mortgage for a property in the open market, but meet the eligibility criteria for shared ownership schemes. It's an accessible route to homeownership for many first-time buyers.
What happens on the day
A mortgage advisor will explain how shared ownership works, assess your eligibility for schemes, and discuss your income and deposit. They will then help you find mortgage products specifically designed for shared ownership properties.
How to prepare
- Gather details of your income, outgoings, and savings for a deposit.
- Understand the shared ownership scheme you are interested in (e.g., specific housing association).
- Have an idea of the share percentage you wish to purchase.
- Research the property values and rental costs in your desired area.
- Bring photo ID and proof of address.
How to improve your result
- Save as large a deposit as possible for your initial share.
- Improve your credit score to access better mortgage rates.
- Research local shared ownership schemes and eligibility criteria thoroughly.
- Consider how you might 'staircase' to own more shares in the future.
Why it is useful day to day
Provides an affordable path to homeownership for those who might otherwise be priced out of the property market, with the option to fully own the property over time.
Why we ask these questions
We ask about your income, savings, and local housing needs to confirm your eligibility for shared ownership schemes and to assess affordability for both the mortgage and rental payments. This ensures we find appropriate products and schemes for you.
Frequently asked questions
Often needed alongside
Let-to-buy mortgage
Let your home and buy another
First-time buyer mortgage
Deposits, schemes and first-home lending
Residential mortgage advice
Whole-of-market mortgage advice
Buying agent / property finder
Find and negotiate on your behalf