Shared Ownership Mortgages

Shared Ownership has been an ever-increasing popular way for purchasing a property. This way of buying has become popular for people who cannot afford to purchase a property with a conventional residential mortgage. This could be due to income not providing a sufficient mortgage lending amount or not having a large enough deposit to satisfy lender criteria.


Shared Ownership gives you a opportunity to buy a share of a property between 25% and 75% of the full purchase price. The remaining share is then rented from a registered Housing Association. The deposit can be as little as 5% of the share you are purchasing, which makes this a very affordable option to many.


Should you decide to purchase a high share of the property in the future, this is known as 'staircasing' and is permitted by all Housing Associations and lenders. You are entitled to purchase up to 100% of the property, subject to lender affordability checks and criteria requirements at that time.


It is important to bear in mind that when you purchase the additional share, the calculation will be on the current property value at that time and not the intiial purchase price. The rental payments to the Housing Association will then be adjusted depending on the additional share being purchased.


Over the last seven years I have worked with several housing associations, including West Kent Housing Association, Moat Homes, Orbit, MHS Homes and Hyde New Homes.



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

The Financial Conduct Authority does not regulate on Buy-to-Let mortgages.


The actual interest rate available will depend upon your circumstances. Please ask for a personalised illustration. 


Print Print | Sitemap
© Certitude Wealth