Shared Ownership

Sharing ownership might be ideal if you need help getting on the property ladder. At Property Link Homes, we understand that buying a property outright can be a challenge for many, and that's why we offer a range of mortgage and financing options tailored to your specific needs.

What is Shared Ownership?

Shared ownership is a type of homeownership designed for those who can't afford to buy a property outright. With shared ownership, you can purchase a share of the property (usually between 25% and 75%) and pay rent on the remaining percentage to a housing association.

One of the key benefits of shared ownership is that you don't need a large deposit, as you're only buying a share of the property. Additionally, your monthly mortgage payments and rent are often cheaper than if you were to purchase the property outright.

How Property Link Homes Can Help

At Property Link Homes, we have extensive experience providing mortgage and financing solutions to our customers. Our mortgage advisors can help you determine which option is best for you and guide you through the process.

We offer a range of shared ownership options tailored to your needs, including new-build homes and resale properties. Our mortgage advisors can help you determine which option is best for you and guide you through the process.

The Process of Shared Ownership

The shared ownership process can be complex, but we make it as simple as possible at Property Link Homes. First, you'll need to apply for a mortgage and provide evidence of your eligibility, including proof of income and savings.

Once your application has been approved, we'll guide you through the legal requirements and paperwork involved in the process. This includes ensuring the property meets the lender's criteria and arranging for necessary surveys and inspections.

Throughout the process, we'll be on hand to answer any questions you may have and provide guidance and support as needed.

Frequently Asked Questions

We understand that you may have questions about shared ownership, so we've compiled a list of common questions and answers to help you.

Q: What are the eligibility criteria for shared ownership?

A: To be eligible for shared ownership, you must have a household income of less than £80,000 per year (or £90,000 per year in London) and be a first-time buyer, a former homeowner who can't afford to buy a property now, or an existing shared owner looking to move.

Q: How much of the property can I purchase with shared ownership?

A: You can purchase between 25% and 75% of the property, subject to the lender's criteria.

Q: Can I buy additional shares in the property in the future?

A: If you wish to own a more significant percentage, you can buy additional shares in the property (known as staircasing) later.

Q: What's the difference between shared ownership and renting?

A: With shared ownership, you own a percentage of the property and pay rent on the remaining percentage, while with renting, you pay rent to a landlord but do not own any part of the property.

At Property Link Homes, we make the shared ownership process as simple as possible. However, it's important to consider the responsibilities that come with shared ownership, such as maintaining the property and paying for repairs.

If you're considering shared ownership, it's important to understand both the benefits and the drawbacks. Our team at Property Link Homes can help you determine whether shared ownership is right for you and guide you through the process. 

Contact us today to learn more.

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Property Link Homes Ltd is Registered in England & Wales, Company Number 05234968. Registered Office address: 10-10A North Street, Ripon, North Yorkshire, HG4 1JY.

Authorised and regulated by the Financial Conduct Authority. Property Link Homes Ltd is entered on the Financial Services Register under reference 429765.

The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.

If you wish to register a complaint, please write to [email protected] or telephone 01765 360061 A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at or by contacting them on 0800 0234 567.

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Property Link Homes
10-10A North Street
North Yorkshire
(Above Joplings)
01765 360058
[email protected]
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