Shared Ownership

Shared ownership – the affordable housing option

Shared ownership is the main product provided by the Government to help first time buyers and other groups of people onto the housing ladder. Shared ownership does NOT mean sharing with other people who live in the same property (e.g. friends or family), rather, it is about sharing ownership with a housing association or developer. The Government refers to affordable housing options as ‘homebuy’ schemes and the two main products are:

• New Build Homebuy: this is part buy / part rent shared ownership where you buy a share in a housing association home from 25-75% and pay below-market rent on the remainder, with the potential to 'staircase' (i.e. buy further shares)
• Homebuy Direct: a form of shared equity where you buy the whole property but with an equity loan, typically for 30%, provided half and half by the Government and a builder

Share to buy – how we can help

At share to buy, we can arrange a Shared Ownership mortgage for you without charging a fee, and also have information on shared ownership properties for sale in your area. If you have been offered a shared ownership house or flat by a housing association, of have found a property on the homebuy direct scheme, we strongly suggest that you submit an agreement in principle application or use the urgent enquiry facility so that we can help you as soon as possible. Alternatively, please use the following shared ownership mortgage tools available on our site:

• Shared ownership mortgage calculator: linked to daily updated mortgage rates available in the market place to give you a robust estimate of what you might be able to borrow with a ‘part buy / part rent’ shared ownership mortgage and how much it might cost
• Shared ownership properties: find information on how to register for shared ownership homes for sale in your area
• Shared ownership agreement in principle: many housing associations require you to have a shared ownership mortgage agreed in principle so that they can offer you a property and we provide a straightforward application in order to obtain your mortgage in principle. If a housing association has already offered you a property and you want to apply in full, when you pass the agreement in principle you can log back in to give us the property details.

About Share to buy ltd – making housing affordable

Share to buy is dedicated to making affordable housing truly accessible online. At sharetobuy.com you can find affordable homes for sale and information on how to buy them. All the shared ownership properties we display come with a special budget tool to show you the potential monthly cost and required deposit. We also have an in-house mortgage team with huge experience in arranging mortgages for shared ownership including part buy part rent and shared equity, as well as joint mortgages for friends and family members. Finally, we are proud to offer our exclusive open market fee-free joint mortgages from Britannia. Register below to be kept up to date on our services, or explore our site using the Tools box beneath.

Shared Ownership Case Studies

Couple

Family

Single applicant