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   Can you buy a home with shared ownership?

   • You can buy: Shared ownership homes are offered by housing associations, local councils, and other organisations. They are called ‘providers’ or the landlord. All shared ownership homes (houses and flats) are leasehold properties. You may be eligible for support to buy a home through other affordable home ownership schemes.

   Shared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk/shared-ownership-scheme

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   Can you buy a share of a house?

   • You can take out a mortgage to buy your share or pay for it with savings. You’ll also need to pay a deposit, usually between 5% and 10% of the share you’re buying. You can buy more shares in your home in the future. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent.

   Shared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk/shared-ownership-scheme

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   What is a shared ownership mortgage?

   • What is a shared-ownership mortgage? Shared ownership, also known as 'part buy, part rent', is a type of mortgage that gives first-time buyers the chance to purchase a share in a new build property. You can take out a mortgage for the share you own (between 10% and 75%) while paying rent on the rest to a housing association.

   Shared Ownership Mortgage - MoneySuperMarket

   www.moneysupermarket.com/mortgages/first-time-buyers/shared-ownership-schemes/

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   Do I need a mortgage if I buy a shared-ownership property?

   • If you buy a shared-ownership property, you’ll need a shared-ownership mortgage for the proportion of the property you buy. You’ll typically need a 5% or 10% deposit. Not all lenders offer shared-ownership mortgages, but many do (Kent Reliance, Nationwide, Barclays, Leeds Building Society, and Halifax).

   Shared Ownership Mortgage - MoneySuperMarket

   www.moneysupermarket.com/mortgages/first-time-buyers/shared-ownership-schemes/

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   Can a Landlord Buy a home using the right to shared ownership?

   • homes where the landlord is a co-operative housing association or Community Land Trust. Using the Right to Shared Ownership to buy an equity stake in your home is a major financial commitment. There is nothing in law that specifies how a purchase using the Right to Shared Ownership should be financed.

   The Right to Shared Ownership: A guide for tenants - GOV.UK

   www.gov.uk/government/publications/right-to-shared-ownership-a-guide-for-tenants/the-right-to-shared-ownership-a-guide-for-tenants

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   How do I get a mortgage if I have shared ownership?

   • As part of the Right to Shared Ownership application process, you can also discuss the various types of mortgages available with an independent financial adviser and/or mortgage adviser. The process you will go through to obtain a mortgage is regulated by the Financial Conduct Authority (FCA).

   The Right to Shared Ownership: A guide for tenants - GOV.UK

   www.gov.uk/government/publications/right-to-shared-ownership-a-guide-for-tenants/the-right-to-shared-ownership-a-guide-for-tenants

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2. www.gov.uk › shared-ownership-schemeShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme

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   You can take out a mortgage to buy your share or pay for it with savings. You’ll also need to pay a deposit, usually between 5% and 10% of the share you’re buying. You can buy more...

3. Top stories

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     I'm a first-time buyer looking for a home. What should I know?

     Take Royal Docks...currently on offer – though buyers will need to register their interest by October...Here, prices start at £96,875 for a 25%

     Metro

     1 day ago

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4. www.moneysavingexpert.com › mortgages › sharedShared ownership – how the homebuying scheme works

   www.moneysavingexpert.com › mortgages › shared

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   As the name of the scheme suggests, by using it you'll initially own a share of your home, as opposed to owning 100% of it, with the option to purchase some or all of the remaining share in the future. For the share you don't own, you'll need to pay rent on it.

5. www.moneysupermarket.com › mortgages › first-timeShared Ownership Mortgage - MoneySuperMarket

   www.moneysupermarket.com › mortgages › first-time

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   Oct 11, 2023 · You’ll be eligible to buy a home through a shared-ownership scheme if your household income is less than £80,000 or less than £90,000 if you're buying a property in London. You’ll also need to be either a first-time buyer or a previous homeowner who cannot afford to buy now.

6. Videos

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     The Pro's and Con's of Shared Ownership Properties - First Time Buyer Secrets

     12 Jul 2019

     126.9K views

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     8:06

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     How to Buy a Shared Ownership Property in 2022 // Affordable Homes Scheme

     21 Mar 2022

     15.2K views

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     What is Shared Ownership | by Explain Mortgages

     10 Jun 2022

     34 views

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7. www.sharetobuy.com › guides-and-faqs › step-stepStep by step guide to buying a Shared Ownership home

   www.sharetobuy.com › guides-and-faqs › step-step

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   • Video Duration: 44 sec

   • Firstly, create an account on Share to Buy. From here you can search for homes based off of your own requirements and need – this includes property type, number of bedrooms, search radius and deposit amount.
   • When you find a property (or properties) that you like the look of, click on the ‘Register Interest’ button. This will send your details directly to the housing provider who are selling the home.
   • Once a viewing has been arranged and attended through the housing provider, and you’re sure you want to make that property your home, you can put down a reservation fee.
   • If you meet the eligibility criteria, the housing provider will then invite you to attend a financial assessment; a calculator provided by the Homes and Communities Agency will be used to assess what share in the property you can afford to purchase.

8. www.rightmove.co.uk › ways-to-buy › shared-ownershipShared ownership | Rightmove Guides

   www.rightmove.co.uk › ways-to-buy › shared-ownership

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   You can take out a mortgage to buy your share, or pay for it with savings. You’ll need to pay a deposit if you’re buying with a mortgage: this will usually be between 5% and 10% of the share you’re buying (not the full market value of the property), meaning your deposit will be significantly less than if you were to buy the home outright.

9. www.gov.uk › government › publicationsThe Right to Shared Ownership: A guide for tenants - GOV.UK

   www.gov.uk › government › publications

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   Dec 22, 2022 · For example, you may need to get a mortgage to enable you to take up the Right to Shared Ownership. You must also pay rent to your landlord on the equity stake in your home that you...

10. www.gov.uk › shared-ownership-scheme › applyShared ownership homes: buying, improving and selling - GOV.UK

    www.gov.uk › shared-ownership-scheme › apply

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    There are 4 steps to apply for a shared ownership home. 1. Check if you can buy a home through shared ownership. Find out who can apply to buy a home through shared ownership. 2. Find a home...