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Shared Ownership

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Welcome to Mortgage321's comprehensive guide to Shared Ownership, the stepping stone to making homeownership a reality for many. We understand that purchasing a home can be a daunting prospect, particularly for first-time buyers. Shared Ownership is a unique scheme designed to ease the burden of upfront costs while helping you take those crucial first steps onto the property ladder.

What is Shared Ownership?

Shared Ownership, also known as "part-buy, part-rent," is a government-backed initiative that enables you to buy a share of a property and pay rent on the remainder. This means you can become a homeowner with a more manageable deposit and mortgage, making it an ideal option for those struggling to afford a full property purchase.

Key Benefits:


  1. Lower Deposit: Shared Ownership typically requires a lower upfront deposit compared to purchasing a property outright. This makes it accessible to a wider range of buyers.

  2. Affordable Monthly Costs: Your monthly expenses will consist of mortgage payments on your share of the property and a subsidised rent on the remaining portion. These costs are often more affordable than renting in the private market.

  3. Staircasing: Over time, you have the option to buy additional shares of your property, increasing your ownership percentage. This process is called "staircasing" and allows you to work towards full ownership.

  4. Security and Independence: Shared Ownership provides a sense of security and independence that renting cannot match. You have control over your home and can make it your own.



Shared Ownership is available to first-time buyers, those who previously owned a home but can no longer afford one, and certain priority groups. Income limits may apply, and eligibility criteria can vary depending on your location.

How Mortgage321 Can Help:

Navigating the Shared Ownership process can be complex, but you don't have to do it alone. Mortgage321 is here to assist you every step of the way. Our dedicated team of specialists will:


  • Assess your eligibility and affordability.

  • Help you find suitable Shared Ownership properties.

  • Secure the best mortgage deal tailored to your circumstances.

  • Guide you through the application and purchase process.


We're committed to making homeownership more accessible and less stressful, ensuring you achieve your dream of owning a home through Shared Ownership.


Shared Ownership is a fantastic opportunity for many to step onto the property ladder, offering affordability, security, and a path to full ownership.


If you're considering Shared Ownership or have questions about the process, don't hesitate to contact Mortgage321. We're here to make your homeownership journey a reality.


Your path to affordable homeownership begins with Mortgage321.

Welcome to "An Expert's Guide to Shared Ownership"!

In this insightful section, our expert, Matthew Pigrome, will be your trusted companion on a journey through the intricate world of Shared Ownership. With years of experience in the mortgage industry, Matthew is here to demystify this housing option, helping you understand its nuances, benefits, and challenges. Whether you're a first-time buyer considering Shared Ownership as a pathway to homeownership or you simply want to expand your knowledge on this topic, you're in the right place. Matthew will provide you with expert insights, practical advice, and a deep understanding of the various aspects of Shared Ownership.

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