All Shared Ownership customers can access our standard new business range
Key information
- The maximum LTV for standard Shared Ownership applications is 90%.
- Shared Ownership is only available where the share being purchased is between 25% and 75% of the property’s value (50% and 75% for Northern Ireland).
- Shared Ownership rent must be included as a non-regular expenditure item in our affordability calculator to help us give a more accurate indication of how much your client could borrow.
What else do I need to know?
We’ll consider Shared Ownership applications up to 90% LTV for new build houses and new build flats. Builders or registered providers may offer sales incentives to prospective buyers to encourage them to purchase their properties. Please visit the acceptable incentives section on our new build lender page for further information.
We only accept scheme providers registered with:
Homes & Communities Agency (in England) known as Homes England
Welsh Assembly
Scottish Housing Regulator
Northern Ireland Housing Executive (NIHE)
Northern Ireland Co-Ownership Housing Association (NICHA).
Additional loans for other purposes (for example, home improvements or personal expenditure) won't be available until 100% of the property is owned.
Minimum acceptable initial percentage ownership | |
|---|---|
England, Scotland and Wales | 25% |
Northern Ireland | 50% |
Can't be combined with any other form of housing scheme.
Must be able to staircase (i.e. purchase further shares) to 100% ownership.
Within a Shared Ownership lease or agreement:
a minimum staircasing tranche condition may be applied. If this condition is part of your client's lease or agreement, this minimum tranche must not be greater than 25%
there must be no minimum for final staircasing.
Your client can buy additional shares at current market value until they own 100% of the property, also known as 'staircasing'.
Until the property is owned 100% by the borrower, additional lending is only available for staircasing*.
We allow up to 90% LTV for applicants remortgaging to purchase an additional share.
We allow up to 90% LTV for applicants remortgaging to purchase the final share.
*We allow additional lending to buy out an existing joint borrower’s interest in the property.