Shared Ownership Calculator

Calculate Shared Ownership Costs

Enter your property details to see your mortgage, rent, and total monthly costs.

Property Value (£)

Your Share (%)

Your Deposit (£)

Mortgage Interest Rate (%)

Mortgage Term (years)

Rent (% of remaining share)

Shared Ownership

Shared ownership allows you to buy a share (25-75%) of a property and pay rent on the remaining share.

You can increase your share over time through "staircasing" until you own 100% of the property.

Additional Costs

Remember to budget for:

Service charges
Ground rent (if leasehold)
Buildings insurance
Property maintenance
Legal fees for staircasing

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Frequently Asked Questions

Essential information about Shared Ownership in the UK

What is Shared Ownership?

Shared ownership is a government scheme where you buy a share (25-75%) of a property and pay rent on the remaining share owned by a housing association.

Who is eligible for Shared Ownership?

You need a household income of £80,000 or less (£90,000 in London), be unable to afford a suitable home through other means, and be a first-time buyer or former homeowner who can't afford to buy now.

What is staircasing?

Staircasing is the process of buying additional shares in your property, usually in 10% increments. You can eventually own 100% of the property and stop paying rent.

How is the rent calculated?

Rent is typically 2.75% per year of the housing association's share of the current property value. This is divided by 12 for monthly payments.

Can I sell my shared ownership property?

Yes, but the housing association has first refusal for 4-8 weeks. If they don't buy, you can sell on the open market. They're entitled to their share of any proceeds.