Shared Ownership
A shared ownership mortgage allows you to buy a portion of a home, typically between 10% and 75% while paying rent on the rest to a housing association. This government-backed scheme is designed to help first-time buyers and lower-income households enter the property market with a smaller deposit and lower monthly costs. You can increase your ownership over time through a process called staircasing.
Why Shared Ownership
Shared ownership is ideal for those who may not be able to afford a full mortgage right away. It offers:
A smaller deposit based on your share
Reduced monthly costs compared to buying outright
Access to properties in higher-value areas
A manageable path to full homeownership over time
It’s a practical, flexible solution for getting on the property ladder sooner.
Who Qualifies?
You may qualify for shared ownership if:
Your total household income is under £80,000 (or £90,000 in London)
You’re a first-time buyer or can’t currently afford a full property
You don’t own another home
You can afford the mortgage, rent, and service charges
You have a good credit history and a deposit (usually 5–10%) of the share you intend to buy
Why Us
At Zelus Mortgage and Finance, we simplify the shared ownership process. Our expert team helps you:
Understand rent, service charges, and staircasing
Choose the right share for your budget
Secure a mortgage with a suitable lender
Navigate housing association requirements with confidence
We’re here to ensure you feel informed and empowered throughout your homeownership journey.
Start your Journey
Discover how shared ownership can turn your homeownership goals into reality, even with a smaller deposit.