In some cases, it may be possible to obtain a 100% mortgage on the share you are purchasing, but this is less common and options can be limited.
Most shared ownership mortgages still require a deposit, often around 5% to 10% of the share price. The positive is that the deposit is based only on the share you are buying rather than the full property value, which can make it far more achievable.
Lender criteria and product availability change regularly, so it is important to review current options carefully.
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 costs.
Still weighing it up?
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