Shared Ownership – Helping First Time Buyers get on the property ladder

Are you struggling to find a property that you can afford? We have access to lenders who offer 100% mortgages on shared ownership properties.*

Property prices in some areas play a big part preventing First Time Buyers from getting on the property ladder. In London, where the average property price is now £478,142**, the only option for some is Shared Ownership.

Here at Glow, we have helped with many shared ownership mortgages.

With shared ownership, you buy between a quarter and three-quarters of a property from either a national property developer or a Housing Association.


Most shared ownership properties can be found on Rightmove or Zoopla:

On Rightmove, you can view shared ownership properties once you have your search results back. Type in the area you want to buy and click ‘Find Properties’. Now, select ‘Filters’ in the menu bar and then ‘Must Haves’ to choose Shared Ownership.



On Zoopla, you can select ‘Advanced search options’ and the drop down menu will appear to allow you to include Shared Ownership in the property results.




How it Works:

Most housing associations and developers give you the option to buy a bigger share in the property at a later date and own the property 100% outright. Check that your property is not restricted to a maximum of 75% ownership.

These schemes are aimed at people who can’t get a large enough mortgage loan based on their salary to afford a typical property and/or for those with a small deposit or zero deposit.

Most of the shared ownership homes available are newly built, but some are properties being re-sold by housing associations.


How you could own a £500,000 property, with a £0 deposit

  • £500,000 property value
  • £125,000 property share (25%)
  • £125,000 mortgage required (100% Loan To Share)
  • £0 deposit required (just your legal fees & purchase costs)***

The deposit required would be £0 instead of £50,000 if buying the property outright.***

The property is yours, unlike rental, you don’t have to ask a landlord for permission to make changes to the property. Plus, if property prices rise, you will benefit!


How do I find out if I am eligible?

Please visit the government Help To Buy website for more information. If you qualify for the Shared Ownership scheme then come back to our website and talk to our mortgage advisors about getting a mortgage illustration.


➡ Open a live chat with one of our mortgage advisors

We can discuss how shared ownership could help you, or get you a shared ownership mortgage quote.



Article was written by Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

First Published on: 6th July 2017

Last Edited on: 9th December

*Information correct at the time this article was first published. The 100% mortgage will be based on your share of the property. See below for eligibility.

**House Price Source: Nationwide, June 2017 HPI report.

***Based on passing eligibility for a 100% loan to share, shared ownership mortgage and purchasing a minimum of a 25% property share (maximum 75% share for initial borrowing). Mortgage amounts are subject to affordability, credit score, and a full lender eligibility check. Always check with your conveyancer on the additional cost involved in purchasing a property.