Shared Ownership Mortgages

A Flexible Way to Get on the Property Ladder

Struggling to afford a full-priced home? A Shared Ownership mortgage allows you to buy a share of a property (usually between 25% and 75%) and pay rent on the remaining portion—making homeownership more affordable for many first-time buyers and lower-income households.

At Alphakey Mortgages, we offer whole-of-market access to Shared Ownership mortgage deals and provide clear, personalised advice to help you navigate the scheme with confidence. Whether you’re buying a new-build or resale Shared Ownership home, our expert advisers are here to support you from initial enquiry through to completion.

Shared Ownership Mortgage FAQs

Who is eligible for Shared Ownership?

Generally, Shared Ownership is available to first-time buyers, previous homeowners who can’t afford to buy again, and households earning under £80,000 per year (£90,000 in London).

How much deposit do I need?

Deposits are typically 5–10% of the share you’re buying—not the full property value—making it more affordable upfront.

Can I buy more shares of the property later?

Yes. Most Shared Ownership schemes allow you to purchase additional shares over time, eventually reaching full ownership.

Do I still need to pay rent?

Yes, you’ll pay rent on the remaining share owned by the housing association, alongside your mortgage payments.

Can I sell a Shared Ownership property?

Yes, though there are rules. You may need to give the housing provider the option to sell it first before putting it on the open market.

Why Consider a Shared Ownership Mortgage?

Lower Deposit Requirements

Because you’re buying a share of the property, your deposit can be significantly smaller than with a standard mortgage—making it easier to get started.

Option to ‘Staircase’ Later

You can increase your share of the property over time (known as staircasing), allowing you to eventually own 100% if your circumstances allow.

Tailored Lending

We compare Shared Ownership mortgage deals across the UK market to find one that fits your income, deposit, and long-term goals.

Expert Support

From affordability checks to dealing with housing associations and solicitors, we simplify the process and keep your application moving.

Our Mortgage, Lending & Protection Services

Residential Mortgages

Access to residential mortgages from all UK lenders.

Buy-To-Let Mortgages

Buy-to-let, limited company, HMO, and holiday let mortgages.

Specialist Lending

We offer flexible lending solutions for unique situations

Mortgage Protection

Cover your mortgage if life takes an unexpected turn.

Life Insurance

Protect your family’s future, no matter what.

Insurance & Protection

Personalised cover for life, income, health, home, and more.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Commercial Mortgages are not regulated by the Financial Conduct Authority.

Shared Ownership Mortgages