Shared ownership
Mortgages & secured lendingA scheme where you buy a share of a property and pay rent on the rest.
Overview
You can usually buy more shares over time.
It combines mortgage payments with rent.
Why it matters
- It can lower the deposit needed to buy a home.
- It affects affordability checks for both mortgage and rent.
- It has specific rules and eligibility.
FAQs
Does shared ownership affect my credit score?
Your mortgage payments are reported like any other mortgage.
Can I sell a shared ownership property?
Yes, but there are often rules about who can buy.
Related terms
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