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What is shared ownership?

Buying your first home is an exciting time. But getting your foot on the property ladder can be expensive.

That’s where shared ownership comes in. Shared ownership is a way of owning your own home by sharing the financial commitment with a Housing Association. It helps people across the UK who might not quite be able to afford the mortgage on 100% of a home right now and gives them the option to work towards owning more over time.

At the moment our Shared Ownership mortgages are only available through a mortgage broker. For more home buying help and information, visit our first time buyer hub.

How it works


    Register for shared ownership with a Housing Association.


    Passed the checks? You’ll be shortlisted for a property.


    You take out a mortgage for between 25% and 75% of the property value.


    You pay the Housing Association subsidised rent on their share.

Just remember
You can increase your share of the property over time by buying it from the Housing Association, this is called ‘Staircasing’. Or, if you decide to move on, you’ll get back any equity on the share you own.

Don’t risk losing your home – keep up those mortgage repayments

Greener Mortgages from Virgin Money

A brighter deal for you

If you're looking to buy a new build property for your first home, we now offer a Shared Ownership Greener Mortgage. Pick up a lower rate mortgage and save money on your energy bills too. Win, win!

Find out more about our greener mortgage range
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Facts on shared ownership

More information about shared ownership can be found on the Help to Buy website Link opens in a new window

Get started today

Find your local Housing Association through a Help to Buy agent.

Find an agent Link opens in a new window

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