There is no fixed salary requirement for shared ownership, as affordability depends on the property price, the share being purchased, your deposit and your existing financial commitments.
Lenders will assess income alongside rent, service charges and regular outgoings. For some buyers, a salary of £25,000 to £30,000 may be enough, while others may require a higher income depending on the property and area.
The most accurate way to understand your borrowing position is through a personalised affordability assessment rather than relying purely on salary multiples.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
For the full picture, read our guide to shared ownership eligibility.
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