Shared Ownership

We’re temporarily limiting shared ownership applications to 85% LTV.

All Shared Ownership customers can access our standard new business range (excluding Help to Buy products).

Key criteria

  • 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.
  • The maximum LTV for standard Shared Ownership applications is 90%. This may be subject to property related LTV restrictions (e.g. new build properties where the LTV is restricted to 85% for houses and 80% for flats) and non-property related LTV restrictions (e.g. interest only).


Your client can buy additional shares at current market value until they own 100% of the property and this is 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 85% LTV for applicants remortgaging to purchase the final share.

Scheme requirements

  • 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); or
    • Northern Ireland Co-Ownership Housing Association (NICHA).
  • Additional loans for other purposes, e.g. home improvement or personal expenditure, will not be available until 100% of the property is owned.
Minimum acceptable initial percentage ownership
England, Scotland and Wales 25%
Northern Ireland 50%
  • Cannot 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/agreement:
    • a minimum staircasing tranche condition may be applied. If this condition is part of your client's lease/agreement, this minimum tranche must not be greater than 25%
    • there must be no minimum for final staircasing.