Shared Ownership FAQ

How much deposit do you need for a shared ownership mortgage?

The deposit is usually between 5% and 10% of the share you are purchasing, not the full property value.

For example, if the full property is worth £240,000 and you are buying a 25% share worth £60,000, a 5% deposit would be £3,000.

This is one of the reasons shared ownership can be a more accessible option for first-time buyers.

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?

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

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We wanted to buy our first home He went above and beyond to help us, walking us through the confusion of mortgages. He is very knowledgeable and helpful. Yes, we now have a house. Nothing else he could’ve done.

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Your home/property may be repossessed if you do not keep up repayments on your mortgage.