Frequently asked Questions

How can I apply for Shared Ownership?

Take a few moments to complete our online assessment form, then one of our Shared Ownership specialists will get in touch with you to discuss your options in more detail.

Alternatively you can all our dedicated Shared Ownership number to talk to someone today: 01442 332664

How do I find a Shared Ownership home?

You buy Shared Ownership properties via the Help to Buy agent who is responsible for the scheme in the area where you are looking to live. You should contact the agent in the first instance for advice and help about this scheme.

Our team of Mortgage & Protection Advisers are specialists experienced in such schemes, and are available 6 days a week ready to answer all your questions.

Or for further information email us on

Does Stamp Duty apply to a Shared Ownership property?

Yes stamp duty does apply to properties bought with the Shared Ownership Scheme.

First-time buyers, buying properties through the Shared Ownership scheme costing less than £425,000 pay nothing in stamp duty.

There are a range of options in regard to the amount of Stamp Duty you chose to pay outside of the figures stated above. Speak to our Mortgage and Protection Advisers to find out more.

How do I increase my Share in a Shared Ownership home?

Once you have purchased your Shared Ownership home you can at any time opt to buy a bigger share of it, right up to owning 100%.  (Please note some Housing Associations do not allow 100% ownership.)

The price you will pay to purchase a further share will be dependent on the market value of your house, at the time.

The Housing Association, will have your property valued and confirm the cost of the new share you are buying.

If the value of the property price has risen, you will proportionally pay more,  however if it has reduced in price it will cost you less for the same share as before.

Please note there are valuation and legal fees involved whenever you purchase an additional share which you will be responsible for paying.

Am I eligible for Shared Ownership?

To be eligible for a shared ownership property then the following must be true:

You, and your household earns less than £80,000 (below £90,000 in London).

You cannot afford all of the deposit and mortgage payments for a home that meets your needs

One of the following then must also be true:

You are a first time buyer.

You previously owned a property however can’t afford to buy one now.

You are an existing shared owner and now looking to move.

You own a home and want to move but cannot afford a new home that meets your needs.

You are forming a new household – for example after a relationship breakdown.

There are separate schemes for people over 55, called the Older People’s Shared Ownership
(OPSO) and people with long-term disabilities, called Home Ownership for People with
Long-Term Disabilities (HOLD).

Contact our friendly team if you are not sure you are eligible, and they will be able to discuss your options.

For more information on the Shared Ownership scheme,
click below.

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