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If you’re struggling to save for a deposit to buy a home outright, shared ownership could help you get onto the property ladder sooner. It might also be a cheaper and more secure option than just renting.
You typically need less than half of the deposit for full ownership. In fact, the average deposit of a shared ownership first-time buyer was 58% less than other first-time buyers.1
Start with buying a portion of the property that works for your budget. You can use our mortgage finder to get a feel for the monthly repayments.
You’ll pay rent on the remaining portion (the part of the property you're not buying). This often makes monthly costs more manageable.
You can increase the portion of the property you own when you’re ready, moving closer to full ownership. This is called staircasing.
Julie didn’t think she’d ever be able to buy her own home until she started researching shared ownership.
"It’s just completely changed my life. Finding somewhere that’s mine and I feel safe. It’s just the most important thing. And I never, ever thought, I’d ever have somewhere that I can call my own home."
Wondering whether shared ownership is right for you? A good place to start is by exploring our shared ownership guides. They’ll walk you through how it works, what you can expect, and how to take your next step with confidence.
Discover what shared ownership is and how it works. Find out the pros and cons of the scheme.
schedule 3 min read
Read the guideFind out if you tick all the eligibility boxes for the shared ownership scheme in England.
schedule 2 min read
Read the guideLearn about the initial and ongoing costs involved when buying a shared ownership home.
schedule 3 min read
Read the guideGet a personalised indication of how much we could lend to you with a Decision in Principle (DIP). It won't affect your credit score.
Get a Decision in Principle open_in_new
Our mortgage finder will help you find a mortgage deal that works for you and give you an idea of what your monthly repayments could be.
Before you get started, the 'purchase price' is the value of the share you want to buy.
End date
Reversion rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/10/2027, followed by 1.5% of amount repaid until 31/10/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/10/2027, followed by 4.5% of amount repaid until 31/10/2028, followed by 3.5% of amount repaid until 31/10/2029, followed by 2.5% of amount repaid until 31/10/2030, followed by 1.5% of amount repaid until 31/10/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Early Repayment Charges
2.5% of amount repaid until 30/11/2027, followed by 1.5% of amount repaid until 30/11/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Early Repayment Charges
3.5% of amount repaid until 30/11/2027, followed by 2.5% of amount repaid until 30/11/2028, followed by 1.5% of amount repaid until 30/11/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/10/2027, followed by 2.5% of amount repaid until 31/10/2028, followed by 1.5% of amount repaid until 31/10/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Early Repayment Charges
5.5% of amount repaid until 30/11/2027, followed by 4.5% of amount repaid until 30/11/2028, followed by 3.5% of amount repaid until 30/11/2029, followed by 2.5% of amount repaid until 30/11/2030, followed by 1.5% of amount repaid until 30/11/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/10/2027, followed by 1.5% of amount repaid until 31/10/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/10/2027, followed by 4.5% of amount repaid until 31/10/2028, followed by 3.5% of amount repaid until 31/10/2029, followed by 2.5% of amount repaid until 31/10/2030, followed by 1.5% of amount repaid until 31/10/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/10/2027, followed by 2.5% of amount repaid until 31/10/2028, followed by 1.5% of amount repaid until 31/10/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/10/2027, followed by 1.5% of amount repaid until 31/10/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End date
Reversion rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/10/2027, followed by 4.5% of amount repaid until 31/10/2028, followed by 3.5% of amount repaid until 31/10/2029, followed by 2.5% of amount repaid until 31/10/2030, followed by 1.5% of amount repaid until 31/10/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
*Initial estimated monthly payments are calculated based on the figures entered above on a capital and interest repayment basis.
**For owner occupier mortgages, the actual variable rate applied will be based on the value of your property relative to the outstanding mortgage balance (this is known as the Loan to Value (LTV)). However, this rate will never be higher than the Society’s Standard Variable Rate at that time. For further details about what happens to your interest rate when your mortgage offer period ends, click here.
We’ll instruct a mortgage valuation. This is for our own use only. The cost of the valuation is set out in the product features. Where you feel you need more information about the property including its condition, there are three additional types of survey available to you: Home Survey Level 1 (Previously known as a Condition Report), Level 2 (Previously known as a Home Buyers’ Survey) and Level 3 (Previously known as a Building Survey). You’ll need to decide which level is best for you. For further details please visit rics.org
Representative example
A mortgage of £252,000 payable over 35 years initially on a fixed rate for two years at 5.52% and then on our current standard variable rate of 6.24% (variable) for the remaining 33 years would require an initial payment of £2,499.90, 25 monthly payments of £1,356.58 and 394 monthly payments of £1,473.08.
The total amount payable would be £616,864.50, made up of the loan amount plus interest (£364,739.50), and an account management fee (£125 - paid upon redemption).
The overall cost for comparison is 6.3% APRC representative.
This representative example assumes mortgage payments are made on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Find out if shared ownership could be right for you.
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1 Internal data: Our average first-time buyer deposit excluding shared ownership vs first-time buyer shared ownership deposits – calendar year 2025.
2 Internal data: We had 1,739 shared ownership mortgage applications, and we offered 1,247 of them – calendar year 2025.
