Shared Ownership

Your affordable step towards homeownership and brighter futures

What is a Shared Ownership Mortgage?

A shared ownership mortgage is a housing arrangement that allows individuals to purchase a share (portion) of a property and pay rent on the remaining share. This scheme is primarily designed to help people who cannot afford to buy a property outright to step onto the property ladder.

Here's how they work...

Eligibility: To qualify for shared ownership, you usually need to meet certain criteria set by housing associations or developers. These criteria often consider factors such as your income, whether you are a first-time buyer, or if you have a connection to the local area.

Property Purchase: Under a shared ownership arrangement, you purchase a portion (usually between 25% and 75%) of the property’s value. You take out a mortgage to cover the cost of your share, and a housing association or developer owns the remaining share.

Rent on Remaining Share: In addition to your mortgage payments, you’ll also pay rent on the share of the property that you don’t own. This rent is paid to the housing association or developer that owns the remaining portion.

Staircasing: Over time, you have the option to increase your share of the property through a process known as “staircasing.” This allows you to buy more of the property in increments, ultimately working towards full ownership.

Helping you become a homeowner is our priority at GoMortgage

Shared ownership mortgages are a way to make homeownership more accessible, especially for individuals or families who cannot afford to purchase a property on the open market. It allows them to gradually build up equity in their home while also paying rent on the portion they don’t yet own. This can be a stepping stone towards eventual full homeownership.

Why our customers recommend GoMortgage

Take a look at our Google reviews

    
 
 
        
   Ogbonge AfricanMama 
 2023-10-11
 
 
  I reached out to Chris on facebook after i stumbled on one of his reels, i wasn't expecting anything positive from Facebook as i had been previously turned down by two major Mortgage Advisers.
Natalie and Shirley took up my case and in a short while got me a high street lender despite the price of the property been raised by  20%.
They carried me along all through the process and i was never left in the dark.
I am a single parent , first time buyer and first time landlord.
They also helped me get the right Legal Advisers and Insurance.
I highly recommend their services.
Thank you Natalie and Shirley.
BR
Gina
  
 
       
   Chris Days 
 2023-10-03
 
 
  Amazing service
  
 
       
   Graham Nicholls 
 2023-09-18
 
 
  Rhiannon supported us throughout the mortgage application process. Very friendly, supportive, and knowledgeable. Highly recommended.
  
 
       
   Calum Hayward 
 2023-09-07
 
 
  Absolutely brilliant service! I cannot fault Chris, Natalie and Shirley. They got us our dream home and supported us through the entire journey!
Thank you!
  
 
       
   Meg Talbot 
 2023-08-11
 
 
  We always thought buying our first house would be stressful, when we found this company through a few Facebook videos we thought we would enquire.  Rhiannon got in touch with us and she talked us through the whole process and sorted so much for us! I would not recommend anyone else she has been amazing and we can’t thank her enough.
  
 
       
   benjamin lee 
 2023-07-25
 
 
  After seeing Chris days facebook reels I got in touch with gomortgage and was contacted by Laura who took some details of what I was wanting .Laura provided an outstanding service and nothing was to much even down to final details she explained everything and chased up the lender looking forward to doing buisness again in the near future. 5 star service would not hesitate to pass details on to any family friends etc
  
 
       
   Meritxell Humbert 
 2023-06-30
 
 
  Very professional service, from the early beginning until the purchase is completed.
Valuable and frequent updates to keep me up to date on the purchase process.
Would recommend 100%
  
 
       
   Russ Bury 
 2023-06-02
 
 
  Chris and Shirley made getting my first mortgage so easy and quick. A very professional, friendly and personal approach. I would recommend them and Go Mortgage to anybody. Easily 5 star service. Thank you. Russ
  
 
       
   Anita Winters 
 2023-05-31
 
 
  Chris and Shirley have been so good in helping us secure a mortgage and guide us through to completion. Always ready to answer any questions we had and very responsive in correspondence. Would highly recommend.
  
 
       
   Numan Ashequl 
 2023-05-17
 
 
  We have been very stressed about our housing situation. We came across Laura Thompson. She went above and beyond to support our requirements providing an informative but tailored service for me and my family. We were able to contact her almost any time and she was delightful to talk to. We really appreciate all she has done. Really a great service from Laura outstanding professionalism.  Thank you so much to go mortgage and to LauraThompson!!