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Shared Ownership

Shared ownership is a government-funded scheme that makes it more affordable for first-time buyers to purchase a property. You’ll buy a share of your new Upton Square home, usually between 25% and 75%, with a mortgage and deposit. We’ll own the remaining share and charge you a reduced rent on the proportion that you don’t own.

Key Benefits

  • Get on the property ladder sooner
    You’ll need a smaller mortgage, so you can buy with a lower deposit.
  • Save money
    Your monthly housing costs will be lower than if you were to buy the same home outright on the open market or rent it privately.
  • Increase your share over time
    You can buy more shares in your home as and when you can afford to, reducing the amount of rent you have to pay. This is known as ‘staircasing’.

How it Works

  1. We’ll help you work out how much of your new home you can afford to buy and how much you’ll rent from us.

  2. You’ll then arrange a mortgage for the amount you’ve decided to buy, including any deposit required by your mortgage lender. You’ll also need to cover your moving costs.

  3. Once you’ve moved in, you’ll make monthly mortgage payments to your lender and monthly rental payments to us.

  4. When you can afford to, you can start staircasing. The cost of any additional shares you buy will be based on your home’s market value at that time.

  5. You can staircase until you own your home outright and no longer need to pay us any rent.

Offers apply to selected plots only. Terms and Conditions apply.