Is shared ownership different to help to buy?

9th November 2020

Yes. Shared ownership allows buyers to purchase a share of a home (usually 25% and 75%). They will pay a mortgage on the share they own and a below-market-value rent on the remainder to a Housing Association.

Help to Buy is a government backed scheme where the Help to Buy equity loan enables purchased to buy a new build home – the government provides a loan of up to 20% (40% in London) so the purchaser only needs to raise a 5% deposited with a 75% mortgage making up the rest.

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May 2020

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