What is Shared Ownership?

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later, you could buy bigger shares when you can afford to.

With Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations or your local council.

These are the important first steps in the Shared Ownership process:

It is important to note Shared Ownership and Help to Buy Shared Equity schemes are different.
With shared ownership, you only own a part of the property with an option to buy more.
With Shared Equity, you own all the property from the start but must repay a proportion of its value when you sell it – equivalent to the proportion of government equity you took to buy it.