Shared Ownership Mortgages

Shared Ownership mortgages help make home-ownership more accessible by allowing you to buy a share of a property and pay rent on the rest. Whether you’re a first-time buyer or looking to step onto the property ladder with a smaller deposit, WIS Mortgages can guide you through the process—completely free of charge.

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Key Benefits

Lower Deposit Requirements:

Buy a share (usually 25–75%) and reduce the size of your deposit and mortgage.

Reduced Monthly Costs:

Pay part mortgage, part rent—making monthly payments more manageable.

Opportunity to 'Staircase':

Increase your ownership share over time when financially ready.

Accessible to First-Time Buyers:

Aimed at those who can’t afford to buy on the open market.

No Broker Fees:

Our expert advice is always free, helping you find the right deal without added costs.

Eligibility Criteria and Requirements.

Who Can Apply?

You may be eligible if you:

Are a first-time buyer or former homeowner unable to buy outright
Have a household income of £80,000 or less (or £90,000 or less in London)
Are purchasing a Shared Ownership-eligible property
Do not own any other property

What are the Requirements?

Proof of income (payslips, SA302s, or accounts)
ID and proof of address
Bank statements (usually 3–6 months)
Shared Ownership eligibility certificate from a housing association or Help to Buy agent
Proof of deposit (usually 5–10% of your share’s value)

Please note: Meeting these criteria does not guarantee mortgage approval. All applications are subject to underwriting and affordability checks by the lender.

Instant Mortgage Quoting

Use the quick and simple quotation system to get a mortgage quote in seconds.

How the Application Process Work?

Applying for a mortgage through our service is straightforward

Book an Appointment

Book an appointment with one of our advisers to discuss your mortgage requirements. Be transparent about your situation so we make the whole journey much smoother for you.

Download MortgagX app

Download MortgagX app, fill in a few key details, select the recommended mortgage product, upload your documents and relax till we get your mortgage sorted.

Completion

Enter your new dream home!

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Processing times vary depending on lender efficiency and individual case complexity.

Important Information And Regulatory Disclosure

Risk Warning

Your property may be repossessed if you do not keep up repayments on your mortgage.

FCA Authorisation

This service is provided by WIS Mortgages, which is authorised and regulated by the Financial Conduct Authority.

Fee & Commission Disclosure

We act as a mortgage intermediary and may receive commission from lenders. A fee may be payable for mortgage advice, which will be disclosed clearly in advance.

Adviser Disclosure

This content is for informational purposes and does not constitute personalised financial advice. Mortgage advice will be provided after assessing your individual circumstances.

Frequently Asked Questions

Find answers to some of the most common questions about mortgages, applications, and our services.

You buy a portion of the property and pay rent on the rest. Over time, you can increase your share (known as staircasing).

Major lenders like Halifax, Barclays, Nationwide, and Leeds Building Society offer shared ownership mortgages.

Usually 5–10% of the share you’re buying, not the full property value.

Yes, but the housing association usually has first refusal to buy back your share or find a new eligible buyer.

Yes. You can sell at any time, but the housing association typically has the first right to find a buyer or buy back your share.

The housing provider may take action, and in serious cases, it could impact your ownership or credit profile—so it’s important to stay up to date.

Usually yes—but you’ll often need written permission from the housing association before carrying out major work.

It's recommended. Choose a solicitor with experience in shared ownership due to the added legal complexity.

Some specialist lenders may consider it, but most providers will expect a good credit history and reliable income.

Rent typically increases annually in line with RPI (Retail Price Index) plus a set percentage (e.g., RPI + 0.5%).

Want to Talk it Through?

020 3011 1986 help@wismortgages.co.uk

We will be delighted to speak with you on the phone through our live chat feature now.

*Call us from Monday to Friday (9am to 6.30pm) and Saturday (9.30am - 3pm) We accept applications over the phone