Shared Ownership Mortgages

Buy a share of a property (25–75%) and pay rent on the rest. A government-backed route to homeownership with a smaller deposit and mortgage.

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An Affordable Path to Homeownership

Shared ownership is a government-backed scheme designed to help people who can't afford to buy a home outright. You purchase a share of a property (typically 25–75%) and pay rent on the remaining share to a housing association. As your circumstances improve, you can 'staircase', buying additional shares until you eventually own the property outright.

What We Can Arrange

Initial shared ownership purchase, mortgaging your 25–75% share

Staircasing, buying additional shares as your circumstances improve

Specialist shared ownership lenders with competitive rates

Shared ownership remortgages

Shared ownership with adverse credit

New build and resale shared ownership properties

Get Expert Advice

Free, no-obligation consultation. We'll be in touch within 24 hours.

How It Works

Initial Consultation

We discuss your situation, income, goals and any concerns, at our expense and without obligation.

Market Search

We search our extensive lender panel including specialist lenders to find the best deal.

Application

We prepare and submit your application, managing all lender communications.

Completion

We coordinate with solicitors and the lender through to completion day.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Chess Mortgages is a trading style of Chess Property Services (London) Limited (Company No. 6575229), authorised and regulated by the Financial Conduct Authority (FCA No. 748976).

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Frequently Asked Questions

How much deposit do I need for shared ownership?

You typically need a 5–10% deposit based on the share you're purchasing, not the full property value. For example, buying a 25% share of a £300,000 property means you'd need a deposit on £75,000.

Can I buy more shares later?

Yes, this is called staircasing. As your income grows or your property increases in value, you can buy additional shares. We can arrange the additional financing for staircasing.

Do I pay rent as well as a mortgage?

Yes. You pay a mortgage on the share you own and rent on the share you don't. The rent is typically set below market rate (usually around 2.75% of the housing association's share).

Ready to Get Started?

Speak with one of our expert advisers today, initial consultation at our expense, and without obligation.

Book a Consultation 0208 756 1 756