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Shared ownership mortgages

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.

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

Are you eligible?

To apply for a mortgage with us through a shared ownership scheme, your combined 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 need to

  • Be a first-time buyer, or have owned a home
  • Plan to live in the property and not rent out any part of it
  • Have the permanent right to live in the UK

How it works

Buying a share of a home

Shared ownership is a way to buy a share of a property that you want to live in. It’s something you arrange with a local Help to Buy agent – which we’ll explain in detail shortly. There are 3 main points

  • You buy between 25% and 75% of the property from a housing association
  • You take out a mortgage for your share and pay rent on the remainder to the housing association
  • You can buy a larger share later at a price based on the value of the property at the time

Things to consider are

  • 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

How to get started

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. The following pages explain everything you need to know for the country you’re buying a property in.

England (London): Share to Buy

England (outside London): Help to Buy

Northern Ireland: Co-ownership

Scotland: Shared ownership

Wales: Shared ownership

How to apply

If you’ve already been in touch with your local Help to Buy agent, book an appointment with one of our mortgage advisers.

Call us

Lines are open all day, every day, except on bank holidays and during Christmas, when they may be closed at off-peak times1.

0800 197 1081

Mortgage appointment

How to prepare

Find out which documents you’ll need and what you’ll discuss with our mortgage adviser at your appointment.

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.

More ways to buy your home

Family Springboard Mortgage

Buy your home without a borrower deposit

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

Help to Buy equity loans

Top up your deposit with an equity loan

With a Help to Buy equity loan, you can add to your deposit on a new-build property, whether you’re a first-time buyer or buying a new home.

Joint mortgages

Buying property with other people

Buying with your partner, family or friends can make sense, so long as you weigh up the benefits and risks of taking out a joint mortgage with others.

Need some help?

Chat to us online

Start a web chat if you have a question about applying (we can’t give advice about choosing a mortgage during web chats).

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.