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Shared ownership is the affordable way to owning your own home

If you are unable to buy a property on the open market and thought you would never be able to own your own home, think again. Shared ownership lets you purchase a 'share' in your home and pay a subsidised rent on the remaining share.

Buying a shared ownership home is an affordable option as it means you need a smaller mortgage and a smaller deposit. In many cases it can be cheaper than renting a home privately. Find out more.  


Shared ownership can be cheaper than renting!

It can be difficult to get onto the property ladder and many buyers are stuck renting while they struggle to save for a deposit. With shared ownership, you only need to raise a deposit for the share you are buying, so it's much more affordable.

It generally works out cheaper per month to buy your own shared ownership home than renting a similar property privately.

If you have a household income of less than £60,000 you could be eligible for shared ownership. Find out more.

Broughton Gate house

Owning your own home can be cheaper than renting!

We've compared the monthly costs of buying outright or renting privately with buying a home under shared ownership. This example is based on one of our new two bedroom houses in Marston Moretaine, Bedfordshire, which have a full market value of £150,000.

Compare costs image
  Deposit (10%)

Mortgage required

Mortgage repayments pcm  Rent payments pcm  Total monthly costs 
 Buy outright  £15,000  £135,000  £880      -  £880
 Private rent     -     -      -   £680  £680
Shared ownership (50% share)  £7,500  £67,500  £440  £156  £596
Shared ownership (30% share)  £4,500  £40,500  £264  £219  £483

* Based on an average repayment mortgage over 25 years at 6%. Rent for shared ownership is based on 2.75% of the un owned share per annum. Deposits are based at 10% of the purchase price. Private rent is based on an independent valuation.

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