Shared Ownership / Shared Equity

Shared ownership schemes are normally provided through housing associations on new and older properties. You buy a share of your home (25% to 75% of the home’s value) and pay rent on the remaining share.

You’ll need to take out a mortgage to pay for your share of the home’s purchase price

Shared Equity schemes means that you buy a given equity share in a property with the aid of a mortgage – for example 75%; while the housing association own the remaining share. You do not pay rent on it. When the property is eventually sold the housing association will be entitled to receive their share of the value (equity) of the property – in this case 25% of the sale price.

Please contact us for more information.

Help to Buy: mortgage guarantees

Mortgage guarantees helps you buy a home with a deposit of 5% of the purchase price. It’s open to both first-time buyers and home movers for new-build and older homes in the UK with a purchase price up to £600,000.

The guarantee is provided to your mortgage lender by the government – not to you.

Help to Buy: Equity Loans

Equity loans are open to both first-time buyers and home movers on new-build homes in England with a purchase price up to £600,000.

You won’t be able to sub-let your home if you use this scheme. It must also be your only property.

How it works

With an equity loan:

  • you’ll need to contribute at least 5% of the property price as a deposit
  • the government will give you a loan for up to 20% of the price
  • you’ll need a mortgage of up to 75% to cover the rest