Shared Ownership Mortgages

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  • Cumberland BS's logo'

    Cumberland BS 2 Year Discounted Variable

    • Initial Rate
      0.83% Discounted Variable for 2 years (3.26% disc)
    • APRC
      3.70%
    • Product Fee
      £1,999
    • Monthly Repayment
      £553.84
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  • Cumberland BS's logo'

    Cumberland BS 2 Year Discounted Variable

    • Initial Rate
      0.83% Discounted Variable for 2 years (3.26% disc)
    • APRC
      3.70%
    • Product Fee
      £1,999
    • Monthly Repayment
      £553.84
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Santander's logo'

    Santander 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.84% Fixed to 02/01/2024
    • APRC
      2.80%
    • Product Fee
      £749
    • Monthly Repayment
      £554.51
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  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Variable

    • Cashback Available
    • Initial Rate
      0.85% Variable (collared at 0.75%) for 2 years
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £555.18
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  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.86% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £555.85
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  • Cumberland BS's logo'

    Cumberland BS 2 Year Fixed

    • Initial Rate
      0.88% Fixed to 01/01/2024
    • APRC
      3.80%
    • Product Fee
      £1,999
    • Monthly Repayment
      £557.20
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  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.89% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.89% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
  • Click here to see 1 similar product
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Initial Rate
      0.89% Fixed for 3 years
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
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  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed for 3 years
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Initial Rate
      0.89% Fixed for 2 years
    • APRC
      3.10%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
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  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed for 2 years
    • APRC
      3.10%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Santander's logo'

    Santander 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed to 02/01/2024
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
    Continue on Fluent Mortgages' website + More info
  • Santander's logo'

    Santander 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.89% Fixed to 02/01/2024
    • APRC
      2.90%
    • Product Fee
      £999
    • Monthly Repayment
      £557.87
    Continue on Fluent Mortgages' website + More info
  • Click here to see 1 similar product
  • Santander's logo'

    Santander 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.94% Fixed to 02/01/2024
    • APRC
      3.00%
    • Product Fee
      £999
    • Monthly Repayment
      £561.24
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  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Variable

    • Cashback Available
    • Initial Rate
      0.95% Variable (collared at 0.85%) for 2 years
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £561.92
    Continue on Fluent Mortgages' website + More info
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.96% Fixed to 30/11/2023
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £562.60
    Continue on Fluent Mortgages' website + More info
  • Barclays Mortgage's logo'

    Barclays Mortgage 3 Year Fixed

    • Cashback Available
    • Initial Rate
      0.99% Fixed to 30/11/2024
    • APRC
      3.00%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
    Continue on Fluent Mortgages' website + More info
  • Furness BS's logo'

    Furness BS 2 Year Fixed

    • Initial Rate
      0.99% Fixed for 2 years
    • APRC
      4.50%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
    Continue on Fluent Mortgages' website + More info
  • HSBC's logo'

    HSBC 2 Year Variable

    • Initial Rate
      0.99% Variable for 2 years
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.99% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.99% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.99% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
  • HSBC's logo'

    HSBC 2 Year Fixed

    • Initial Rate
      0.99% Fixed to 31/01/2024
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
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  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      0.99% Fixed for 2 years
    • APRC
      3.20%
    • Product Fee
      £999
    • Monthly Repayment
      £564.63
    Continue on Fluent Mortgages' website + More info

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

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 01 February 2021.

Shared Ownership Mortgages FAQ

What is a shared ownership mortgage?

Shared ownership mortgages are products which allow borrowers to buy a share of a property, whether it’s new-build or pre-existing, from organisations such as housing associations, covering a proportion of the property’s value.

Why seek a shared ownership mortgage?

By design, shared ownership mortgages allow low-income people and first-time buyers to purchase properties with a comparatively small deposit. Shared ownership mortgages can usually cover between 25-75% of a property’s value, with rent being used to pay the remaining proportion.

Do shared ownership mortgages require large deposits?

Shared ownership mortgages tend to require deposits of between 5-10% of the value of the share of the property you will own. This can be useful for people who are struggling to save for a deposit for the ownership of an entire property.

Are there any downsides to seeking shared ownership?

When using a shared ownership mortgage, it won’t be possible to let a property out to rent-paying tenants, if you wish to become a landlord. As with any property purchase you also face risks such as negative equity, where the value of the property falls below the level it of the mortgage.

Could I make alterations to a home under shared ownership?

Many shared ownership properties will allow you to make alterations to your home in much the same way as if you owned the property outright. However in some cases there may be restrictions stopping you from making any larger, more structural alterations to the property so it’s worth checking in each case.

How do I qualify for a shared ownership mortgage?

You may need to prove that your household income is less than £80,000 nationwide (or less than £90,000 if based in London). You would also need to be either a first-time buyer or a pre-existing homeowner who is no longer in a position to afford more conventional mortgages.

What shared ownership provisions are there for those with disabilities?

If you have a long-term disability, you may be eligible for a shared ownership plan under the government-led Home Ownership for People with Long-Term Disabilities (HOLD) initiative.

Can I increase my share of a shared ownership property?

Over time, it could be possible to increase your share of a property under a shared ownership mortgage, through a process called staircasing. This means you buy pieces of the rented segment of the property from the housing association, until you acquire a higher level of ownership.

How do I sell a property under a shared ownership mortgage?

If you used staircasing to achieve complete ownership of your home, you would be entitled to sell it directly yourself. However, if you don’t have complete ownership, the housing association which owns the remaining share would be need to provide permission.

What does first refusal allow a housing association to do?

Under first refusal, your housing association would have the right to buy the property back itself, before you are allowed to sell it to someone else. If you don’t own the property outright, the housing association is entitled to find a buyer of its own choosing.