Co-Ownership
What is it?

How does it work?

Co-Ownership helps you get on the property ladder by letting you buy a share of a property and rent the remainder at a discounted rate.

If you're interested, you'll need to contact Co-Ownership , and apply to buy your chosen property through them.

How does it benefit me?

You only need a mortgage for the share you buy. So, if you want to co-own a house valued at £100,000 and you’ve agreed to buy a 50% share, you'll need a £50,000 mortgage.

What if I want to buy the entire property later?

You can increase your share up to 100% ownership.

You can save up the funds to increase your share or ask us to lend you the difference.

Remember that you’ll need to show that you can afford the new repayments. We may also need to value the property again.

What else do I need to know?

Bear in mind that until you own 100% of the property, you won’t get the full proceeds if you sell it.

If you buy an additional percentage, you'll pay the market rate for it that apply at that time. There are eligibility criteria to consider too.

First time buyers

We can help you find our best mortgage for you.