GUIDES
Shared Ownership
Your affordable step towards homeownership and brighter futures
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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.
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Why shared ownership can make homeownership more accessible
Shared ownership is designed to make getting onto the property ladder far more achievable for people who may struggle to buy a home outright. By purchasing a share. – often between 10% and 75%—you significantly reduce the size of the mortgage needed, which lowers both your deposit requirement and your monthly mortgage repayments. This structure is ideal for first-time buyers, single applicants, young families, and those with limited savings who want to secure a long-term, stable home.
Another major advantage is that shared ownership provides access to modern, high-quality homes, often in desirable locations where full ownership would be out of reach. It gives buyers the chance to invest in a property at a manageable level while still benefiting from stability, security, and the opportunity to build equity over time.
Flexibility and long-term potential through ‘staircasing’
A key benefit of shared ownership is the ability to increase your share of the property over time, a process known as staircasing. As your income grows or circumstances improve, you can buy additional shares until you eventually own the property outright. This offers complete flexibility—allowing you to progress into full ownership at your own pace, without needing to move home or remortgage in the traditional sense.
Shared ownership also offers stability compared to renting. Your rent is typically set at a subsidised rate, and your mortgage portion remains predictable, helping you plan your finances more effectively. Whether you’re looking for a long-term home or a stepping stone to full ownership, shared ownership gives you the freedom to build equity while keeping monthly costs manageable.
Speak With A Mortgage Advisor today
Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
Author: Chris Days - Gomortgage
- 5 Mins
- Updated: Nov 17th 2025
Frequently Asked Questions
How much deposit do I need for shared ownership?
Deposits are based only on the share you’re buying, not the full property value. This often makes deposits much lower than a standard purchase.
Can I staircase to 100% ownership?
Yes, in most cases you can. Depending on the housing provider, you can increase your ownership in stages until you own the property outright.
Do I still pay rent after buying a share?
Yes – you pay rent on the portion you don’t own. This rent is usually set at a discounted rate compared to open-market rents.
Can I sell my shared ownership home?
You can, but the housing association usually has first refusal for a set period. They may help you find a buyer before you can sell on the open market.
Are shared ownership mortgages harder to get?
Not necessarily. Lenders simply assess your income, credit history, and affordability in the same way as a standard mortgage, but tailored to your share
We Are Partnered With
Speak With A Mortgage Advisor today
Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
