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Shared Ownership – What You Need To Know

On October 20, 2014

Shared Ownership – What You Need To Know

What is shared ownership?

Shared ownership is a government funded Housing Association scheme, which allows you to part-buy, part-rent your home. It is a popular and affordable way for first time buyers to get on the property ladder thanks to lower deposit requirements and discounted rents.

If you qualify for a shared ownership scheme you will be able to put down a deposit of at least 5%, and use a mortgage to buy a share of the property (usually between 25-75%).  You will then pay a discounted rent to the Housing Association on the remaining share.


  • Great way to get onto the property ladder
  • You may have be able to get a bigger home than you would have otherwise been able to afford
  • Make savings on monthly rent payments
  • Buy additional shares until you own your property outright
  • Sell your share at any time and benefit from any increase in value since you purchased your home.


  • You are not guaranteed to qualify for a shared ownership scheme
  • You may have to be granted permission before making any alterations/improvements
  • Some housing associations will only ever allow you to buy 90% of the property so you will never have 100% ownership
  • You may not be able to find properties available in your desired location
  • There is a risk of the property decreasing in value.

At Peter Robinson & Co., our team of Conveyancing specialists will advise you on every aspect of the shared ownership scheme.

Once instructed they will carry out the process from start to completion for you. From checking title deeds, to raising any enquiries, and keeping you informed of any issues you need to be aware of. We will negotiate your contract and upon completion register your property with the Land Registry for proof of ownership. Get in touch for further information.


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