Who is not eligible for Shared Ownership?

You are likely not eligible for Shared Ownership if you already own a home (unless you are in the process of selling it), your household income exceeds the income limits, you can afford a suitable home via a standard mortgage, or you are buying the property as an investment or second home.

What is the income limit for Shared Ownership?

The household income limit for Shared Ownership is £80,000 per year outside London, and £90,000 per year in London. For example: a single buyer earning £35,000 is eligible; a couple earning £75,000 combined is eligible; a couple earning £95,000 outside London is not eligible; and a single buyer earning £90,000 in London is eligible. Income limits and eligibility can vary depending on the housing association and location. Some schemes have priority criteria for key workers, local residents, or those with specific housing needs.

Can I get a Shared Ownership mortgage if I previously owned a home?

Yes, you may still be eligible for Shared Ownership if you previously owned a home but can no longer afford to buy one on the open market. You must not currently own a property at the time of applying, and your household income must still fall within the applicable limits.

Do I need to be a first-time buyer to get Shared Ownership?

No, you do not need to be a first-time buyer. Shared Ownership is available to first-time buyers and to previous homeowners who can no longer afford to buy a suitable home on the open market. The key requirement is that you do not currently own a property and that your household income is within the eligible limits.

Am I Eligible for Shared Ownership?

Q: Am I eligible for Shared Ownership?

You may be eligible for Shared Ownership if: your household income does not exceed £80,000 per year (£90,000 in London); you are a first-time buyer or previously owned a home but can no longer afford to buy one; you cannot afford all of the deposit and mortgage repayments for a home that meets your needs; and you are at least 18 years old.

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You May Be Eligible If:

Your household income does not exceed £80,000 per year (£90,000 in London)

You can be a first-time buyer, a homeowner, or a former homeowner. At the point of completion, you must not own another property.

You can afford the mortgage, rent and service charge, but couldn’t realistically afford a suitable property on the open market.

You’re at least 18 years old

You're Likely Not Eligible If:

You already own a home (unless selling it)

Your household income exceeds the limits

You can afford a suitable home via a standard mortgage

You’re buying the property as an investment or second home

Income Eligibility Examples

Single buyer earning £35,000

✓ Eligible

Couple earning £75,000 combined

✓ Eligible

Couple/Single earning £95,000

✗ Not Eligible

Couple/Single buyer earning £90,000 in London

✓ Eligible

Note:

Income limits and eligibility can vary depending on the housing association and location. Some schemes have priority criteria for key workers, local residents, or those with specific housing needs. We’ll help you understand exactly what applies to you.

Important: Your home may be repossessed if you do not keep up repayments on your mortgage.

Not Sure If You Qualify?

Talk to one of our specialists, we’ll help you understand your options clearly and find the best path forward for your circumstances.

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Am I Eligible for Shared Ownership?

Check if you qualify for Shared Ownership mortgages

You May Be Eligible If:

You're Likely Not Eligible If:

Income Eligibility Examples

Note:

Not Sure If You Qualify?

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