What is a Shared Ownership?

Shared ownership is when you buy a property in partnership with a registered housing association. You would buy part of the property and pay rent to the housing association for the part they own.

This arrangement is ideal for people on lower incomes, who would otherwise not be able to afford to buy a property. You may only need to purchase 25% of the property (this can vary between different housing associations). Over time you can purchase more of the property from the housing association, allowing you to eventually own the whole property.

There are lenders who allow you to borrow 100% of the share of the property you are buying, meaning you may not need a deposit.