Shared Ownership Mortgage Lenders

Looking for a Shared Ownership mortgage? Need help finding the best lender? Speak to an expert mortgage broker.

Firstly, are you looking to purchase a shared ownership / shared equity property?

Home Shared Ownership Shared Ownership Mortgage Lenders

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: March 15, 2024

Shared Ownership is a government scheme to help first-time buyers get on the property ladder by part owning and part renting a home. Many people have used it to buy a share in their first home. But not all lenders offer Shared Ownership mortgages.

In this article we’ll go through some of the major banks that do offer this type of lending, how specialist mortgage providers can sometimes offer better deals and why speaking to a Shared Ownership mortgage broker will help you work out which lender is right for you.

Which lenders offer Shared Ownership mortgages?

Almost half of all mortgage providers offer this type of borrowing, including some major high street names, such as Lloyds Bank. But each has their own eligibility criteria so it’s not possible to provide a blanket answer to the question of which lender is best for Shared Ownership mortgages.

Most lenders will lend to borrowers all over the UK, but some have restrictions. For example, Principality only does Shared Ownership mortgages in Wales and the Progressive Building Society is limited to Northern Ireland. Virgin Money loans only in England and Wales.

Other lenders have different criteria.


Halifax will loan up to 90% of the amount required to buy your share of the property. And, unlike some lenders, they will approve loans for as little as 25% of your home. You can then buy more shares as your circumstances allow using a system known as ‘staircasing’.


Nationwide also lends for a 25% share of a property. Their maximum loan to value (LTV) for your share differs according to the property type:

  • Second-hand property (homes bought through the scheme and now being sold on) 85%
  • New build flat 75%
  • New build house 85%


Barclays offer Shared Ownership mortgages up to a maximum LTV of 90% provided you are buying at least a 25% share. Their rules stipulate there are no restrictions on resale – except where the Scheme Provider has the option to buy back the customer’s share in the property at the full market value for a maximum period of 3 months.


Shared Ownership mortgages are only acceptable where staircasing will permit 100% of the property to be bought over time. Their maximum LTV is 90%.


HSBC will only accept applications submitted directly at one of their branches (or via phone banking). It will not accept applications via an intermediary.

What rates do these mortgage providers offer?

You can get an idea of what deals Shared Ownership mortgage lenders are currently offering by viewing our rates table below. Please note that these interest rates are subject to change.

Lender Product Details

Looking for more rates and deals?

We can match you with a mortgage broker who can provide you with up-to-date bespoke rates and deals from across the entire market.

Last updated December 2023

Please note that the above rates were accurate at the time of writing, but are always subject to change at the lender’s discretion. Speaking to a mortgage broker is the best way to find the most up-to-date deals.

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What lenders offer a 100% Shared Ownership mortgage?

As explained earlier, most providers cap the LTV. But some lenders, such as Kent Reliance, will consider 100% shared ownership mortgages.

Other specialist lenders who don’t have a high street presence also consider this type of loan. But some don’t advertise the fact that they offer 100% Shared Ownership mortgages, preferring to reserve this product for borrowers who already have a broker onside.

With only a handful of lenders willing to approve this type of loan, rates can be quite high, but it can still be a way of getting onto the property ladder. Your broker will go through all the calculations and options with you to ensure you make a fully informed decision.

How a broker can help you find the right lender

As you can see, there are so many variables that trying to secure the best deal on a Shared Ownership mortgage with no prior knowledge of the market is a difficult task.

And it’s unwise to just start applying and hope you eventually find the right deal. Each application you make will leave a mark on your credit files and if you get too many in a short period of time, it can lower your credit score.

So, the best thing to do is speak to a whole-of-market broker who specialises in Shared Ownership. They will know the best deals out there, including any special rates only available via an intermediary, and they have connections in the industry which can be leveraged to get a deal over the line.

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What if you live in Scotland?

Shared Ownership mortgages are available right across the UK, including in Scotland. While some lenders don’t lend for properties in Scotland, there is still plenty of choice. Most high street banks, including Leeds Building Society and TSB will consider Shared Ownership mortgage applications in Scotland.

There are also other mortgage schemes available to borrowers in Scotland which are backed by the Scottish Government.

Do you need a specialist lender if you have bad credit?

Not necessarily. Bad credit is a general term that can refer to anything between a missed payment on your credit card right up to bankruptcy or repossession. The severity of any bad credit, how long ago it occurred and whether the situation has been resolved will go a long way to determining your options.

More severe bad credit can limit your borrowing options, which is likely to result in paying higher rates. But there are lenders who specialise in bad credit mortgages and focus far more on your current circumstances than your credit history.

These include:

  • Darlington Intermediaries
  • Skipton Building Society
  • Stafford Railway Building Society

Borrowers with minor bad credit issues may still be able to apply to mainstream lenders depending on the strength of the rest of their application.

Get matched with a broker who specialises in Shared Ownership mortgages

Whatever your circumstances, if you think Shared Ownership is the right decision for you, your best bet is to speak to a broker to understand your borrowing options and how much a mortgage is likely to cost.

The brokers we work with have whole of market access which means they can compare your application against every mortgage product in the UK to determine which lenders are most likely to approve it.

With our broker matching service, we’ll assess your circumstances and match you with a broker who has a comprehensive understanding of this market and which lender is right for you. To get matched with your ideal broker, call 0808 189 2301 or enquire online.


Any mortgage product with limited availability is likely to result in higher rates. But with mainstream lenders offering Shared Ownership mortgages they are not really seen as a niche product and there are still competitive rates available if you meet the right criteria.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

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