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.

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

700 verified reviews, rated 5.0

257 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

We both had low credit scores and were struggling to get a mortgage Nick went above and beyond to help us get the best morgage deal Yes definitely! We're all happy and settled in our new house Nick did absolutely everything we needed . So no need to have done anything better . Thanks you again Nick your a legend

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

Purchasing a property/lack of personal time John’s been fantastic, going beyond what I would have expected with mortgage advice in regards to key things to check with the seller which may be an issue later on. The process has taken a long time (due to sorting things with the seller) where John was very patient and always in contact to support if needed. Yes

Verified client in Lincolnshire

Review of John Hallam

VouchedFor

Looking to attaining a mortgage. Seth has been a fantastic help in achieving all my needs with securing a mortgage and insurance. His knowledge and communication skills are of a very high level and true professional. Yes definitely. N/A

Verified client in Lincolnshire

Review of Seth Jackson

VouchedFor

My husband and I needed mortgage advice to buy a home to live in and convert to a buy to let mortgage on our former home. Nick really helped, he gave us expert advice and secured a brilliant interest rate for us. Nick made the process efficient and hassle free, thank you. Yes absolutely, we are very happy with the outcome. Nothing.

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

My husband and I were first time buyers and were trying go get a mortgage when we went to Nick for advice. Nick was really friendly and knowledgeable, he helped us through every step of the way, from our first meeting with him discussing budgets and finance, all the way through to helping us secure a mortgage offer and being able to purchase our first home. We had a number of challenges along the way and he was always there to support and offer advice. He goes above and beyond to get you the best mortgage deal possible and ensure it's affordable for you in the future. We were overjoyed with the mortgage offer that Nick got for us and he helped us to secure our first much loved home.

Verified client in Lincolnshire

Review of Nick Spolton

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From first chat to front-door key

Let’s make your move simple

Free, no-obligation consultation. We listen, compare the whole market, and hand you a clear plan, no jargon.

Free until your offer is approved No jargon, no pressure Whole-of-market advice

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

Our service is free until you receive a fully approved mortgage offer. There may then be a charge which, depending on your circumstances, will typically be £299, payable upon receipt of an approved mortgage offer. Our fee is discounted to £199 for Armed Forces and Blue Light Card holders.

Our fee is discounted to £199 for Armed Forces and Blue Light Card holders.

For remortgages, if best advice is to switch rates with your existing lender then we charge no fee at all.

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.
As with all insurance policies, conditions and exclusions will apply.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.
Equity release is arranged by introduction only.

Spolton Mortgages is a trading style of Spolton Ltd, which is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA Number 993383.

Founded and incorporated on 7 August 2017. Spolton Mortgages is a trading name of Spolton Ltd (FCA Number 993383). Registered Company Number: 10903440 (view on Companies House). Registered in England and Wales.

Registered Office: Spolton Ltd, Spolton Mortgages, 6 Mill House, Carre Street, Sleaford, Lincolnshire NG34 7TW.