Shared Ownership

We accept mortgage applications on a shared ownership basis and the minimum initial share purchased by the applicant we will accept is 25%. The shared ownership rental amount must be included in the affordability calculation as an outgoing when submitting the case.

The applicant's solicitor/conveyancer must confirm to us that the shared ownership lease meets our requirements. Instructions and guidance for conveyancers is held in 'Low Cost Home Ownership/Special Schemes' pdf under the 'Other' section of the Forms and downloads for Lawyers page on

For information about maximum LTV limits please see our loan size and maximum LTV criteria, as conditions apply.

Builder cashbacks are acceptable on Shared Ownership applications, subject to the current builder cashback rules.

Free standard legal fee products

If your clients select a remortgage product a free standard legal fee there will be additional legal work required on a shared ownership property. Please refer to our Legal Costs page for more information.