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Shared ownership

Buy a share of a home and pay rent on the rest

Buying a home through shared ownership means you can apply for a smaller mortgage amount – so your deposit could be lower, too.

  • Buy 25% to 75% of the property from a housing association
  • Make a mortgage payment for your share, pay rent on the remainder to the housing association
  • You can buy a larger share later based on the value of the property at the time

Your home may be repossessed if you do not keep up repayments on your mortgage.

How it works

Find out whether you’re eligible for shared ownership and what it could mean for you in the future.

Are you eligible?

Because shared ownership is aimed at people who can’t afford the mortgage on 100% of a home, there are income limitations on applying. Your household income has to be less than £80,000 if you live outside of London, and less than £90,000 if you live inside London.

You also have to:

  • Be a first-time buyer, or have owned a home but can’t afford one now
  • Live in the property and not rent out any part of it
  • Have the permanent right to live in the UK

Things to consider

  • Shared ownership schemes are provided through housing associations - it’s not the same as buying a property with a friend or relative
  • You need to find a shared ownership property in the area you want to live – try the contacts for your region further down the page
  • If you’re eligible for the scheme, you can apply for any of our standard mortgages to buy your share
  • You’ll have to show us that you can afford the mortgage repayments and rent, and provide a deposit
  • You can buy a larger share of the property until you own it outright
  • If property prices go up, you’ll pay more for increasing your share – but if they fall, you’ll pay less
  • If you’ve bought the remaining share and want to sell your home, the housing association has the first option to buy it back for 21 years after you reach 100% ownership

What to do next

To buy a home through a shared ownership scheme, you’ll need to contact the Help to Buy agent in the area you want to live:

England (London): Share to Buy – First Steps

England (outside London): Help to Buy

Northern Ireland: Co-ownership

Scotland: Housing for shared ownership

Wales: Search the web for housing associations in your area.

They’ll guide you through the process and will need to confirm to us that you’ve been approved to take part in the scheme if you decide to apply for one of our mortgages.

The government’s Help to Buy website provides more information about how shared ownership could work for you . This includes additional schemes for people aged 55 and older and people with disabilities, plus priority for people in the armed forces and those currently renting from councils and housing associations.

How to apply

To apply, you’ll need to speak to one of our mortgage advisers. You can call us or visit a branch to book an appointment.

Call 0800 197 1081 1

More ways to buy your home

Help to Buy Equity Loan

By adding an equity loan to your 5% deposit you can apply for a smaller mortgage and choose from a wider range of deals.

Family Springboard

Buy your home without a borrower deposit if your family can provide 10% of the property’s price as security.


Buying with other people

If you can't afford a place of your own, buying with others could help you get on the property ladder.

Important information

Subject to status and availability. You must be 18 years old or over to apply for a mortgage.

1. Lines are open all day, every day – except during Bank Holidays and Christmas period, when lines may be closed at off-peak times. Call charges