Shared Ownership
Mortgages
Shared Ownership Mortgages Kent
Buying your first home can feel out of reach, especially with rising property prices and deposit requirements. Shared ownership offers an alternative route onto the property ladder, allowing you to purchase a share of a home while paying rent on the remaining portion. With the right guidance, shared ownership mortgages can make homeownership more accessible and manageable.
At Future Interests, we support clients across Kent and beyond in securing shared ownership mortgages that suit their circumstances. Based in Herne Bay, we provide clear, personalised advice to help you understand the process and move forward with confidence.
Last updated: 7th April 2026
What Is Shared Ownership?
Shared ownership is a government-backed scheme that allows you to buy a percentage of a property, usually between 25% and 75%, while paying rent on the remaining share, which is owned by a housing association.
This approach can make buying a home more affordable, as both the deposit and mortgage are based only on the share you are purchasing, rather than the full property value.
How Do Shared Ownership Mortgages Work?
With a shared ownership mortgage, you take out a mortgage on the portion of the property you are buying, while paying rent on the remaining share. In addition to this, you may also pay service charges depending on the property.
Your monthly outgoings will usually include your mortgage repayment, rent to the housing association and any applicable service charges, so it’s important to understand the full cost from the outset.
Who Is Eligible for Shared Ownership Mortgages?
Shared ownership is typically aimed at first-time buyers, although it may also be available to previous homeowners who cannot afford to purchase a property outright. There are usually income limits and criteria set by the scheme, and the property must be your main residence.
Understanding your eligibility early on can help you decide whether shared ownership is the right option for you.
What Deposit Is Needed for Shared Ownership?
One of the key benefits of shared ownership is that the deposit is based on the share you are buying, not the full value of the property. This means the upfront cost can be significantly lower compared to a standard purchase.
The size of your deposit can still influence the mortgage deals available to you, so it’s important to structure this correctly.
What Is Staircasing in Shared Ownership?
Staircasing allows you to gradually increase your ownership share in the property over time. As you buy additional shares, the amount of rent you pay reduces accordingly.
In some cases, you may eventually own 100% of the property, depending on the terms of your agreement. Staircasing provides flexibility and allows you to progress towards full ownership when your financial situation allows.
What Do Lenders Consider for Shared Ownership Mortgages?
Lenders will assess your income, affordability and credit history, as well as your ability to manage the combined costs of mortgage repayments, rent and any service charges.
They will also consider the property itself and the housing association involved, as these factors can influence lending criteria.
Common Challenges with Shared Ownership Mortgages
While shared ownership can be a great option, it’s important to understand the full financial commitment. Some buyers may underestimate the total monthly cost when combining mortgage, rent and service charges.
There may also be fewer lenders available compared to standard mortgages, and the process can involve additional steps with housing associations. Having the right advice can help you avoid confusion and delays.
Why Use a Mortgage Broker for Shared Ownership Mortgages?
A mortgage broker can help you navigate the shared ownership process and identify lenders who are experienced with this type of purchase. They can ensure your application is structured correctly and that your affordability is assessed accurately.
This can save time, reduce stress and improve your chances of securing the right mortgage.
Why Choose Future Interests?
Clients choose Future Interests because we offer clear, supportive advice tailored to your situation. We understand the shared ownership process and take the time to explain your options in a straightforward way.
With experience helping clients across Kent and nationwide, we are here to guide you from your initial enquiry through to completion.
Speak to Future Interests About Shared Ownership Mortgages
If you’re considering shared ownership mortgages, getting expert advice early can help you understand your options and avoid unnecessary delays. At Future Interests, we’ll guide you through the process and help you secure the most suitable mortgage for your circumstances.
Contact Future Interests today to discuss your shared ownership options with confidence.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
You are now leaving the website of Future Interests Ltd and we cannot be held responsible for the content of this external website.
Explore the range of mortgage solutions we offer:
Explore the range of Insurance solutions we offer:
Remortgaging (FAQs)
Is shared ownership only for first-time buyers?
No, while it is commonly used by first-time buyers, it may also be available to previous homeowners who cannot afford to buy outright.
How much deposit do I need for shared ownership?
Your deposit is based on the share you are purchasing, which makes it more affordable than buying a property outright.
Can I buy more shares in the future?
Yes, this is known as staircasing, and it allows you to increase your ownership over time.
Do I pay rent as well as a mortgage?
Yes, you will pay rent on the portion of the property you do not own, alongside your mortgage payments.
Can I sell a shared ownership property?
Yes, but there are specific rules and processes set by the housing association.