Shared Ownership

Whether you are actively looking for Shared Ownership Properties or you just want to know a little bit more about how it works, we can help.

What is a Shared Ownership Mortgage?

Shared ownership is a Government Scheme created to help people get on the property ladder. It’s most commonly used by people who may not have managed to save a big enough deposit to look at a standard purchase for 100% of a property.

The scheme is exactly as you’d expect based on it’s name. You buy part of the property & the rest of the property is owned by the Shared Ownership provider or Housing association.

You can buy between 10-75% of the property initially and a lot of schemes allow you to “Staircase” in future to own 100% of the property when it becomes affordable to you. “Staircasing” is the process of buying additional shares in a property you already own part of & is a great way for people to increase the amount of the property they own as their incomes increase over the years, with the ultimate goal of owning 100% of the property, if the scheme allows.

You will get a mortgage for the part you own, & pay rent for the part you don’t own.

For example, if the property is worth £200,000 at full market value and has a rental value of £800, if you buy 50% you would have a mortgage for your part & pay £400 in rent (half of the market value rent) for the part that you don’t own. So you have two outgoing payments, one for your mortgage & one for your rent.

In some circumstances, a select few lenders may allow you to purchase your share with NO DEPOSIT. Criteria varies from lender to lender, but typically required deposits are significantly lower than a standard home purchase due to the lower value of your share.

Additional costs may apply such as a one time reservation fee, as well as ongoing costs such as: management fees, service charges, ground rent or estate charges etc. You should check these fees before putting your reservation fee down. As your mortgage advisor, we’ll need these fees to calculate if the mortgage is affordable for you based on your income, expenditure & the costs of the property.

Types of Property You can Own Using Shared Ownership

A New Build Home
An existing home through a shared ownership resale scheme

Shared ownership schemes are offered by local councils & housing associations most commonly & availability can be limited.

Speak To An Advisor

"Dec was fantastic at helping me secure my mortgage as a first time buyer. He went over and above to take the time to answer all of my questions and concerns, and helped make the whole process easy and smooth. I'd highly recommend Dec as a great choice for your mortgage advisor. Thanks Dec" Amy, 16/07/2023

"What an amazing service I received from Dec McGivern, he was so efficient he went above & beyond with his search for my perfect mortgage & kept me updated all the way, i felt so well looked after with his service & care he was just amazing. I would definetly recommend him to friends & family 🙂 and will be contacting him in near future for his help, much appreciated" Marie, 23/03/2022

Frequently Asked Questions

Am I eligible for Shared Ownership?

When you express an interest in a Shared Ownership property, the provider will check your eligibility for you & confirm whether or not you’re eligible. If your household income exceeds £80,000, you won’t be eligible. Just like a non shared ownership mortgage, you’ll also need to meet the affordability requirements.

What happens if I want to sell my Shared Ownership Property in the future?

If you own 100% of the property that you once bought as a part of the Shared Ownership scheme, you can usually sell it on the open market through an Estate Agent.

If you don’t own the full 100% you’ll have to first contact the shared ownership provider/landlord who will have first refusal to buy the property from you, or to find a buyer for the property. There is usually a set time period called the ‘nomination period’ where your landlord has to either buy your share back, or find a buyer to buy your share. If they’re unsuccessful, you can then sell your share of the property on the open market.

If the landlord finds a buyer during the nomination period then the maximum you will get for the property is based on the share you own vs the full market value of the property based on a RICS certified Surveyor’s valuation. You are likely to have to pay for the valuation & other sales costs may apply.

If you’re interested in Shared Ownership & want to find out how to get started, Contact us today!

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

Other Mortgages Services

If you’re interested in Shared Ownership & want to find out how to get started

Shared Ownership can be a confusing process without getting the expert help you need. Get in touch to ensure a smooth process

Ben Scotcher

10 September 2026

This is the second time myself and my wife have used Dec and his team. Both times they were extremely efficient, professional and genuinely cared throughout the whole process. They kept everything running smoothly, communicated clearly and were always there to help whenever I had any questions. I really appreciated their support and would highly recommend their services to anyone looking for a mortgage advisor. Ben and Fern

Eleanor Folger

2 September 2026

Plura’s service has been outstanding from start to finish yet again. We contacted Plura ahead of making an offer on a new property, which we intend to be our ‘forever’ home therefore extra consideration had to go into the affordability of this. Dec and his team have been extremely proactive, organised and efficient in getting us the information we need to make this huge decision and progress matters. Nothing ever feels like too much work. Each element of the service is not only professional and seamless but provided with a positive energy and passion for what they do. Thank you Dec, Kath and Amy for this fantastic service!

James Robinson

An excellent Service, very professional, both Amy and Dec kept us informed throughout the remorgage advice process, finding us the best deal to meet our needs. Would highly recommend. Thankyou

Matthew Fryer

24 August 2026

Dec has been absolutely brilliant throughout the whole process. Honest, professional and always kept us updated every step of the way. He was available whenever we needed him, even late at night to help push things through. Couldn’t recommend Dec highly enough. If you’re looking for a mortgage advisor, I’d definitely recommend him

Ruth Murphy

12 August 2026

My husband and I have used Plura numerous times now, and Dec has always been absolutely amazing, which is why we keep coming back. However, this was our first time working with Amy and she showed exactly the same high standards - we genuinely couldn’t be happier. The service from Amy was honestly brilliant. She was so easy to communicate with and always made herself available whenever we needed her. She took the time to properly understand our needs, our circumstances and what was right for us, rather than just giving us a standard solution. She explained everything clearly and simply, which made the whole process feel so much easier and less overwhelming. What really stood out was how much Amy genuinely cared about getting the right outcome for us. She was open and honest throughout, answered every question we had and came back with results so quickly. We always felt that the advice she gave us was based on what was genuinely best for us. We would absolutely recommend Amy, and Plura, to anyone looking for help with a mortgage or insurance. There really isn’t anyone better at this and we wouldn’t hesitate to use them again!

Shared Ownership

What is a Shared Ownership Mortgage?

Types of Property You can Own Using Shared Ownership

Frequently Asked Questions

Other Mortgages Services

If you’re interested in Shared Ownership & want to find out how to get started

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