Shared Ownership FAQ

Can I be kicked out of a shared ownership house?

Shared ownership gives you legal rights as the leaseholder, so you cannot simply be removed from the property without cause.

However, serious mortgage arrears, rent arrears or breaches of lease terms could lead to legal action or repossession, in the same way as other mortgaged properties.

It is worth knowing all the facts and potential downsides to shared ownership, as well as what salary you need to get a shared ownership mortgage.

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 is shared ownership worth it.

Still weighing it up?

Every situation is different. Have a free, no-obligation chat and we will give you a straight answer for your circumstances.

01529 300500

What clients say

701 verified reviews, rated 5.0

258 reviews on Google and 443 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.

5.0 average · Google & VouchedFor

VouchedFor

Buying a house Found us our mortgage and life insurance Yes Nothing advice and service were firsr class

Verified client in Lincolnshire

Review of Nick Spolton

Google

From start to finish the process was smooth, transparent and personalised. John’s deep product knowledge, proactive communication and problem-solving approach guided us through mortgage options, timelines and coordination with lenders and solicitors.

Dai Lawrence

Review of John Hallam · Spolton Mortgages

VouchedFor

Nick was recommended to me by the Estate Agent after having made an offer on my first time house purchase. Nick helped me by taking the time to get a clear idea of my financial position and which mortgage products would be most suitable to meet my needs. He also submitted my mortgage application however before doing so ensured he had absolutely everything paperwork and evidence to make the process hassle free, my mortgage application was processed and I had my decision and offer within a few days. Absolutely! And crucially, having anticipated an increase in mortgage rates was advised to take a 5 year fixed deal almost 18 months ago, I am very grateful of this in the current climate and have another 3 years for this to hopefully settle down a little. I was pleased with the service from start to finish, Nick acted on things on a timely manner and followed up with agent/ Solicitors- I am grateful hearing others stories about mortgages to have had the advice and help I had.

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

We were looking to remortgage to lock in an ongoing deal at the end of our current one Nick did all the leg work to give us a number of options to fix the interest rate over a few different terms. These were all well explained and throughly.vetted to ensure we.were.informed. Yes we have Nothing, we will be using them.again in future when it is time.to go through the process again

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

I was looking at housing options and the possibility of a new house and new mortgage or a re mortgage of current property. Nick went through a number of different options and scenarios with various financial options. He was very conscientious and sensitive to my situation and I didn't feel at all pressured for any specific product. Yes, I managed a new mortgage and some long term planning. Nothing;

Verified client in Lincolnshire

Review of Nick Spolton