Shared ownership lets you buy 25–75% of a property and pay rent on the remainder to a housing association, with the option to staircase later to 100%.
Who qualifies?
First‑time buyers or former owners who can’t afford outright purchase, household income ≤ £80k (£90k London), and intention to live in the home. Local/priority rules may apply.
Deposit & costs
Deposit is based on your share, not full value—making entry more achievable. Service charges and rent apply.
Benefits
Lower deposit, earlier entry to homeownership, staircasing flexibility, homeowner security.
Risks
Rent + mortgage + service charges, fees to staircase, potential restrictions on alterations/sale, and lease considerations.
Example
£250k flat; buy 50% (£125k). 5% deposit = £6,250. Mortgage on £118,750; rent on remaining 50%. Staircase over time to full ownership.
Alternatives
First Homes scheme, guarantor/JBSP, and 5% deposit mortgages.
How Everest Mortgages helps
We identify suitable lenders, explain long‑term costs, and guide through staircasing and future remortgages.
Final thoughts
Shared ownership is a powerful stepping stone—just ensure the numbers and lease terms stack up.Call to Action
Explore shared ownership with a free consultation at Everest‑Mortgages.co.uk.
