Shared Ownership

This option is available to first time buyers who cannot afford the full deposit or mortgage payments for a home.

With shared ownership you buy a share of a property and pay rent to the landlord on the rest.

You can buy between 10% and 75% of the home's market value. You can take out a mortgage to buy your share or pay for it with savings.

You’ll also need to pay a deposit, usually between 5% and 10% of the share you’re buying.

You can buy more shares in your home in the future. This is known as ‘staircasing’.

If you buy more shares, you’ll pay less rent. The amount of rent you pay will be based on the landlord’s share.

Smile Finance Limited is registered in England and Wales with Registration Number 16102809 | Registered Office: 128 City Road, London, Islington, EC1V 2NX | ICO No. ZB821665 | Smile Finance Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority (FCA Number 1023832) | The Right Mortgage Limited. Registered address: St Johns Court, 70 St Johns Close, Knowle, Solihull, B93 0NH | Registered in England and Wales. Company no. 08130498

Some forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority. the guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Telephone calls made to us may be recorded and used for training and/or regulatory monitoring purposes.

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Shared Ownership

Shared Ownership

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