What is Shared Ownership?

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder. Buyers purchase a share of property, and pay rent on the remaining share. Shared Ownership is a great way for first time buyers to get on the property ladder, as it can dramatically reduce the amount required for a deposit. Shared Ownership has helped thousands of first time buyers onto the property ladder in England.

Share to Buy is a national Shared Ownership property portal, also listing Help to Buy, rental and other affordable home ownership properties. You can search for properties, use our helpful guides and FAQs to get all the info you need and we can even help you search for mortgages and conveyancing solicitors.

Latest news

Registration now open for London Home Show Autumn 2021

Tickets available for free first time buyer event this September Share to Buy’s free London Home Show event will be returning to the Queen Elizabeth II Centre in Westminster on Saturday 18th September 2021, between 10.30am to 5pm. We understand that now more than ever, the stability of having a home to call your own is incredibly important…

L&Q: Shared Ownership homes launching in Hillingdon, West London

Studio, one, two and three bedroom apartments available in former Nestle Factory Providing the capital’s first time buyers with an accessible step onto the property ladder in a brand new West London community, L&Q are launching their first collection of Shared Ownership homes at L&Q at Hayes Village. Transforming the site of the former Nestle…

BE WEST: Get on the property ladder with Shared Ownership in West London

First time buyer homes available in Hounslow and Hammersmith & Fulham Fancy the desirable residence of West London’s best postcodes? Your dream could be a reality with these new Shared Ownership homes. Chiswick and Fulham, in South West and West London, are two of the capital’s most sought after areas. Loved for their beautiful properties,…

L&Q: Designer furniture pack with homes at Brunel Street Works, East London

One, two and three bedroom Shared Ownership apartments available in Newham Helping first time buyers with the upfront costs of getting on to the property ladder, L&Q is offering a £3,000 furniture pack incentive and a reduced reservation fee of £99, for those who reserve a one bedroom apartment at L&Q at Brunel Street Works…

Does Shares Ownership mean sharing with someone else?
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No – this is a common misconception but the ‘shared’ aspect of the scheme is because you’re sharing ownership of your home with a housing association.

If you decided to buy a Shared Ownership home, you’re effectively purchasing a portion of your property. Your initial share will be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.

Can I ever fully own a Shared Ownership home?
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Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.

When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.

If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.

Do I meet the eligibility criteria for Shared Ownership?
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As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.

For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.