SHARED OWNERSHIP MORTGAGES
Helping You Take Your First Step Onto The Property Ladder
Shared Ownership can make buying your first home more accessible by allowing you to purchase a share of a property while paying rent on the remaining share. We’ll explain how the scheme works, help you understand your options and recommend a mortgage that’s right for your circumstances.
Based in Dorset, providing mortgage and protection advice to clients across the UK by telephone, video and face-to-face appointments.
Advising Clients UK-Wide
Telephone, Video & Face-to-Face
YOUR HOME BUYING JOURNEY
Helping You Buy Through Shared Ownership
We'll explain how Shared Ownership works, answer your questions and help you find a mortgage that's suited to your circumstances and the property you're buying.
Understand the scheme
We'll explain how Shared Ownership works, including buying a share of a property and paying rent on the remaining share.
Review your affordability
We'll assess your circumstances and discuss the mortgage options available to you.
Recommend the right mortgage
WWe'll search our comprehensive lender panel and recommend a mortgage that's suitable for your Shared Ownership purchase.
Support your purchase
We'll guide you through the application process and work with your lender and solicitor through to completion.
IS SHARED OWNERSHIP RIGHT FOR YOU?
Could Shared Ownership Help You Get Onto The Property Ladder?
Shared Ownership can make home ownership more accessible by allowing eligible buyers to purchase an initial share of a property while paying rent on the remaining share. We’ll help you understand the key considerations before you apply.
01
Buy An Initial Share
You purchase a percentage of the property rather than the full value, subject to the scheme rules and your circumstances.
02
Smaller Deposit
Your deposit is usually based on the share you are buying, which may make the upfront deposit more manageable.
03
Pay Rent On The Rest
You’ll normally pay rent on the share you do not own, often to a housing association or provider.
04
Staircase Later
You may be able to buy additional shares in the future, known as staircasing, subject to the scheme terms.
05
Eligibility Requirements
Shared Ownership schemes have eligibility criteria, and lenders will also assess affordability and suitability.
We’ll explain every stage clearly
From deposits and affordability to rent, service charges and staircasing, we’ll help you understand how Shared Ownership works and whether it may be suitable for your circumstances.
HOW IT WORKS
How Does Shared Ownership Work?
Shared Ownership lets you buy an initial share of a property and pay rent on the remaining share. It can be a helpful route onto the property ladder, but it is important to understand the mortgage, rent, service charges and future options before applying.
Buy An Initial Share
You purchase part of the property, often with the option to buy more shares later if the scheme allows.
Mortgage Your Share
Your mortgage is usually based on the share you are buying, rather than the full property value.
Pay Rent On The Remaining Share
You will usually pay rent to the housing association or provider for the part of the property you do not own.
Increase Ownership Later
Staircasing may allow you to buy further shares in the property, subject to the scheme terms and affordability.
Your Share
This is the portion of the property you buy and usually fund with your deposit and mortgage.
Remaining Share
This is the portion you do not own. You will usually pay rent on this part to the provider.
Did you know?
Shared Ownership schemes can vary, including eligibility rules, rent, service charges and staircasing options. We’ll explain the mortgage side clearly and help you understand what to check before moving forward.
COSTS & CONSIDERATIONS
What Costs Should You Consider With Shared Ownership?
Shared Ownership can make buying a home more accessible, but it is important to understand the full monthly and upfront costs. Your mortgage, rent, service charges and future staircasing costs all need to be considered carefully.
Deposit Requirements
Your deposit is usually based on the share you are buying, rather than the full property value.
Typical examples: initial share deposit, savings, gifted deposit considerationsMonthly Rent
You will normally pay rent on the share of the property you do not own.
Typical examples: rent on remaining share, rent reviews, provider termsService Charges
Some Shared Ownership homes include service charges, estate charges or management fees.
Typical examples: building maintenance, communal areas, estate costsMortgage Costs
You may need to consider product fees, valuation costs and other mortgage-related charges.
Typical examples: product fees, valuation fees, lender incentivesStaircasing Costs
If you buy more shares later, there may be valuation, legal and mortgage costs to consider.
Typical examples: valuation, legal work, additional borrowingLegal & Valuation Fees
You will usually need legal support and may need valuations during the purchase or staircasing process.
Typical examples: solicitor fees, searches, valuation reportsPlanning ahead makes all the difference
We’ll help you understand the costs involved with Shared Ownership, explain the mortgage options available from our comprehensive panel of lenders and guide you through each stage clearly.
SHARED OWNERSHIP GUIDES
Helpful Guides For Shared Ownership
Explore practical guides covering affordability, deposits, staircasing, remortgaging and selling a shared ownership home.
View All Shared Ownership Guides
Staircasing in shared ownership: buying a larger share
Learn how shared ownership staircasing works, including valuation, buying a larger share, legal costs, mortgage changes and scheme rules.
Read Guide
Shared ownership affordability: mortgage, rent and service charges
Understand shared ownership affordability, including mortgage payments, rent, service charges, household costs and lender or scheme assessments.
Read GuideSHARED OWNERSHIP QUESTIONS
Answers To Your Shared Ownership Questions
Shared Ownership can feel confusing at first because you need to understand the mortgage, rent, service charges and scheme rules together. Here are some of the questions we’re most commonly asked.
Ask Us About Shared Ownership
Whether you’re trying to understand deposits, rent, staircasing or eligibility, we’ll explain the mortgage side clearly and help you understand your options.
Need clarity?
Need Help With Your Mortgage?
Not sure which mortgage option is right for you? Book an initial conversation and we’ll help you understand the next steps.
Can I get a mortgage for a Shared Ownership property?
How much deposit do I need for Shared Ownership?
What is staircasing?
Will I pay rent as well as a mortgage?
Are there service charges?
Can I buy more of the property later?
Can I remortgage a Shared Ownership property?
Is Shared Ownership right for me?
LET'S START THE CONVERSATION
Ready To Discuss Your Mortgage?
Whether you’re buying your first home, moving house, remortgaging or looking for specialist mortgage advice, send us a few details and we’ll get back to you.
- Comprehensive lender panel mortgage advice
- Telephone, video and face-to-face appointments
- Dorset based, supporting clients across the UK
- Usually respond within one working day
READY TO TAKE THE NEXT STEP?
Let’s Talk About Your Mortgage & Protection Plans.
Whether you’re buying your first home, moving house, remortgaging, self-employed, a company director or looking to protect your family, we’re here to help you make confident decisions.