How Shared Ownership can get you on the property ladder with a deposit as low as £5,000

Published: May 2017

Do you dream of owning your own home? Want a place you can paint and hang pictures on the wall without fear of losing your deposit? Well Shared Ownership could be the answer you’ve been looking for, and you could buy your own home with a deposit as low as £5,000 or even less!

With Shared Ownership you buy as much as you can afford of a home, which could range from 25%-75% with your initial purchase. Don’t worry you don’t have to share your home with other people, it’s yours, and you can decorate it as you wish and make it yours without needing anyone’s permission*. Sound too good to be true? It isn’t, see our examples below:

Example 1

Full Market Value of a one bedroom apartment = £175,000

45% share to buy = £78,750

5% deposit required (minimum) = £3,937.50

To view the property which costs the above click here

Example 2

Full Market Value of a two bedroom house = £175,000

40% share to buy = £70,000

5% deposit required (minimum) = £3,500

To view the property which costs the above click here

What homes are available to buy?

Homes available to buy on the Shared Ownership scheme can be brand new or older properties (referred to Shared Ownership Resales, this is where an existing shared owner may decide to sell their home and move on and you would buy the home from them).

Who owns the share I don’t buy?

The share you do not buy remains owned by a Housing Association and you simply pay them a low cost rent on that share. This rent is calculated based on the unsold share value, meaning your rent and mortgage combined often costs less than privately renting a similar home.

How do I find a home on the scheme?

If you’d like to buy a home using the Shared Ownership scheme you will need to be registered with Help to Buy South first. Registering is quick, free and easy to do. Why not read our blog post on how to register?

You can then browse and apply for homes that are available to buy on the scheme on our website.

More Information

To read more information on the scheme download our guide.

^ Deposit of less than £5,000 only on properties on the Shared Ownership scheme

* If you wanted to make bigger structural changes to the home such as installing double glazing or removing walls then you would need to gain permission from the housing association.