How it works

How does shared ownership work?

• You buy a share of the property (between 10% and 75% depending on what you can afford).  You will pay a mortgage on the share that you own.
• You pay rent to your Landlord on the remaining share. 
• Depending on your property you may also need to pay a monthly service charge, buildings Insurance, heating and hot water charges, and/or a management charge.

EXAMPLES:

Example 1

You are buying a 50% share in a home worth £200,000.
You will need a mortgage and deposit of £100,000.
You would pay a rent on the 50% which you do not own.

• Deposit = £5,000
• Mortgage = £95,000
• Monthly Rent = £229.16 

Note: Excludes building insurance and assumes no estates charge applies.

Example 2

You are buying a 25% share in a home worth £200,000. 
You will need a mortgage and deposit of £50,000.
You would pay a rent on the 75% share which you do not own.

• Deposit = £2,500
• Mortgage = £47,500
• Monthly Rent = £238 

Note: Example assumes a 3.5% interest rate over a 25 year mortgage term
Excludes building insurance and estates charge where applicable.