New research reveals shared ownership’s economic advantages
Shared ownership already plays an important role in putting home ownership in reach of more people.
And our newly commissioned research forecasts that a shared ownership property will be cheaper over 10 years than renting privately in 93% of areas across England.
The report Taking the Longer View: Shared ownership, costs and opportunities – an independent assessment incorporates whole-of-market lending data for the first time and reveals the long-term financial benefits of the model.
Key shared ownership research highlights
- Of 294 local authorities, shared ownership is forecast to be more affordable than private renting in 272 (93%) at year 10 rising from 227 (77%) in year one
- Across 83 ‘high rent’ local authorities, where rental payments make up over 30% of income, shared ownership is more affordable in 81 (98%) at year 10, rising from 77 (93%) in year one
- Capital repayments and house price increases are forecast to make shared owners on average £29,000 better off as a result of equity growth, rising to £42,000 in London
The benefits of shared ownership
We understand that shared ownership may not be the right choice for every client, but it could help your clients onto the housing ladder:
- It’s effective at reducing the deposit hurdle for first-time buyers (a deposit is only required on the share the customer is buying)
- Shared ownership customers can gradually staircase up to owning a larger share, or the whole share of the property
- Shared ownership mortgages are available on selected new build and existing properties
Why choose us for shared ownership?
We were the No.1 lender in the market in 2024
- What Mortgage’s Shared Ownership Lender of the Year nine years running
- Fast application-to-offer times
- Brilliant broker support
- Innovative products and services to help homebuyers