21/05/2025
Is Shared Ownership Right for You?
Whether you're stepping onto the property ladder for the first time or looking to move up or down it, Shared Ownership could offer you an affordable, flexible path to owning your own home.
What Is Shared Ownership?
Shared Ownership allows you to buy a share of a property that fits your budget while paying rent on the remaining share. It’s a great option if you’re struggling to afford a home outright but still want the stability and freedom of owning your place.
Here’s how it works:
Buy a share of between 10% and 75% of a property (depending on your affordability and the Housing Association’s terms).
Pay a reduced rent on the share you don’t own, plus a monthly service charge.
Start small, grow later – as your finances improve, you may be able to buy more shares in your home over time (a process known as 'staircasing').
Lower deposit needed – you’ll typically need just a 5% deposit of the value of your share, not the full property price. That could mean getting into your new home sooner than you thought.
Shared Ownership can be a great solution if:
You have a steady income but can’t afford the full cost of buying a home outright.
You’re comfortable with paying both a mortgage and rent.
You want the option to increase your ownership gradually.
You're open to living in a leasehold property and understand the service charges involved.
If home ownership feels out of reach, Shared Ownership might just be the stepping stone you need!
