Shared Ownership FAQ

What is the 45% rule for shared ownership?

The 45% rule is a common affordability guideline used in shared ownership. It means that your total monthly housing costs should generally not exceed around 45% of your net monthly income.

This includes your mortgage payment, rent on the unsold share, service charges and any ground rent where applicable. For example, if your monthly take-home pay is £2,500, total housing costs would usually need to stay below approximately £1,125.

This rule helps ensure the property remains affordable and sustainable over the longer term.

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.

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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

A rather complicated domestic situation meant that I did not feel confident enough to apply for a mortgage but Nick sorted everything out with ease and managed to get me not only a mortgage but a brilliant deal! Without Nick I doubt I would have known how to get a mortgage bearing in mind my complex situation but he did it! Yes, perfect outcome! Nothing, he sorted everything out, always reassuring me it would be fine!

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

Self build mortgage and looking for a fixed mortgage deal following completion of house build Nick gave excellent advice . I had completed a self build project and he ensured I obtained the mortgage that best suited my needs . Nick liaised with my solicitor to ensure my mortgage was completed before the rate increased . Nick went above and beyond . I do not believe I would have the excellent deal I have if it wasn’t for Nick and his team Yes . I obtained a mortgage at a great rate They could not have done any more . The service was outstanding

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

Remortgages Nick took the time to produce product comparisons and met my financial needs. yes. nothing. Very professional service received

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

To obtain a mortgage in order to purchase our first property. John supported us in every step of the process, from providing insurance advice to helping us find a mortgage that suited us. He made the house buying process smooth and easy to understand for first-time buyers. Yes- we have been able to buy our first property. N/A

Verified client in Lincolnshire

Review of John Hallam

VouchedFor

I'm a self employed contractor and was struggling to get a mortgage application sorted for my circumstances Gave me good advice and sorted out mortgage application with me face to face and other personal insurance The mortgage application went through with no problem Nothing. always available to contact with help and information

Verified client in Lincolnshire

Review of Nick Spolton

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From first chat to front-door key

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

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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.