Shared Ownership mortgages 

Shared Ownership could be the key to owning your first home.

The Shared Ownership scheme is a cross between buying and renting and allows the purchaser to buy a share in a property usually between 25% - 75% of the purchase price, and then pay rent on the remaining share. Also, you only need to pay a deposit on the part of the property you are buying, making it an affordable option to purchase a home with a lower deposit than if buying outright.

Our video explains what Shared Ownership is and how it could help you onto the property ladder.

WE PROVIDE MORTGAGES ON UP TO 95% OF THE SHARE BEING PURCHASED AND;

• We guarantee you will always be able to speak to a person, not a computer and offer a free, no obligation meeting to discuss your needs

• We will consider your previous and current circumstances  

• Our qualified mortgage advisers are available from Monday to Saturday and can also arrange telephone appointments to suit your commitments.

WE CAN HELP WITH STAIRCASING

If you have a Shared Ownership mortgage, it is possible to purchase more shares in your property, depending on the terms of your lease. This is called staircasing. You can staircase by either using your savings to buy extra shares, or by borrowing more money from your lender. If you’d like to discuss this with us, you can make an appointment to talk to one of our mortgage advisers. 

Existing Newbury Building Society Shared Ownership mortgage customers will be entitled to £500 cashback when staircasing with us (terms and conditions apply). Find out more about our staircasing cashback.  

Please note: Shared Ownership Mortgages are subject to the Society's lending criteria. Newbury Building Society's minimum age requirement is 21 and for UK residents only.

MAKE AN APPOINTMENT WITH A QUALIFIED MORTGAGE ADVISER 

For further information on mortgage appointments see our making a mortgage appointment page for further details. 

Appointments can be made during branch operating hours including Saturday mornings with our qualified mortgage advisers and can be undertaken by telephone, videocall or in one of our branches. 

DO YOU HAVE QUESTIONS ABOUT SHARED OWNERSHIP?

We have a range of articles to help you understand Shared Ownership more.

• Your Shared Ownership questions answered 

• Shared Ownership - is it for you?

• We can help to demystify Shared Ownership

• Everything you need to know about Shared Ownership and more