What is Shared Ownership and how does it work?

  • Shared Ownership is a housing scheme designed to allow first time buyers and those who do not currently own a home the opportunity to purchase a property on the open market.

    Shared Ownership is targeted at first time buyers or those that do not currently own a home and are on a lower income. It enables buyers to purchase a share of a property by using a deposit and mortgage, then paying rent on the remaining share to the housing association. This can either be a newly built home or a re-sale property. To be eligible you must be over 18 and your income must be less than £80,000 or £90,000 in London

    How does it work?

    Put simply, you can buy a share of a property which usually ranges between 25%-75%.  You pay for this share of the property by using a combination of a cash deposit and a mortgage. In addition, you pay a rental fee to the housing association/developer (normally around 2.75%) on the remaining share of the property you don’t own. 

    How do I purchase a Shared Ownership property?

    Leaders’ property experts offer a bespoke, supportive service dedicated to helping you find your dream home. You can consult with our New Homes & Shared Ownership team to establish the most suitable Shared Ownership opportunities for you.

    To discover more about Leaders and how we are striving to support first-time buyers through the Shared Ownership scheme, call 02380 981 565

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  • Find out if you are eligible for shared ownership. Fill out the form or call us on
    02380 981 565



  • We help prepare finances and source the right mortgage products 

    Whether you wish to purchase an apartment or a house fit for a family, you’ll need to establish a workable budget to determine the properties available in your price range. We offer professional, reliable and honest financial advice, backed by years of experience and an in-depth understanding of the property industry.

    Mortgages can be a minefield for first-time buyers and, with several Help to Buy and mortgage products on the market, it’s important for you to select the best route for your circumstance. Our team of mortgage professionals work with housing associations, the Mortgage Advice Bureau and numerous mortgage lenders to offer you exclusive deals which are not available elsewhere on the high street.

    To speak to someone about mortgage advice on shared ownership call 02380 981 565

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