Shared Ownership Mortgages

Perfect for Getting a Foot on the Property Ladder


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Mortgages Accepted

Fed-up of renting or living with friends or relatives and itching to get onto the property ladder, but don’t have the budget to buy outright?

Shared Ownership Mortgages are aimed at helping lower income households onto the property ladder by buying a share of between 25% and 75% of a housing association property, paying rent on just the remaining share.

Why Choose MortgageKey for Shared Ownership Mortgages

We know the market

Our team’s knowledge of the shared ownership mortgage market, and excellent relationships with lenders, ensure you get the best offers

Thousands of deals considered

We search and compare thousands of shared ownership mortgage lenders to find a deal tailor-made to meet your needs

We’re completely independent

We’ve no tie-ins with certain lenders. As we’re fully independent and unbiased our focus is solely on finding the best option for you

Pay nothing until completion

Our quotes come with no obligation and we won’t ask for any payment until your shared ownership mortgage deal is complete

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

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Shared Ownership Mortgages – Your Questions Answered

As getting your foot on the property ladder is becoming increasingly difficult, shared ownership mortgages are proving popular, especially for first time buyers.

This route can be one of the cheapest ways to make your first step on the property ladder, with these mortgages usually only requiring a deposit of 5% of the property's value.

What are Shared Ownership Mortgages?

Shared ownership mortgages were introduced to help people onto the property ladder who haven’t got big budgets. They allow buyers to gradually build up their share of the property over time, by buying an initial percentage and renting the remainder. They can reduce the financial strain for those who don’t earn enough to have a regular mortgage.

How do Shared Ownership Mortgages work?

Initially, you would purchase a percentage of the property (somewhere between 25% - 75% of its value), with an option to invest in the rest at a later date. You then rent out the remainder at a subsidised rate. The process of securing a shared ownership mortgage, and choosing the right mortgage deal, requires a lot of research.

That’s why our team at MortgageKey takes the time to compare and search through thousands of shared ownership mortgage deals from leading providers to present you with the options they believe are right for you and your property.

When your mortgage term expires you can choose to invest further and purchase a larger share of your home.

Who can apply for a Shared Ownership Mortgages?

Lenders will assess each person differently but the criteria they lean towards are those who are in a first time buyer position, have sufficient savings to cover the cost of deposits and other fees, are currently renting a council or housing association property or are of military personnel.

What type of home can I get a Shared Ownership Mortgage for?

The majority of the homes available for shared ownership mortgages are newly built, although some properties do get re-sold by housing associations back into the market. All shared ownership homes in England are on a leasehold only basis, which means you only own the property for a fixed amount of time. If the property drops in value, you may be able to buy more shares without spending as much money. On the other hand, if it increases in value, you may have to pay more per-share than you originally did.

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