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Shared Ownership Myth Busting

There are lots of misconceptions about Shared Ownership, what it is and how it works. We want to help you really understand the benefits and bust the myths.

Helping you find out what buying through Shared Ownership really means…

While Shared Ownership is a great way to get on the property ladder, upsize or relocate, there are many myths that can make it tricky to understand.

That’s why we’re determined to help you understand exactly what Shared Ownership is and how it can help get you moving while busting these myths once and for all.

So grab a cuppa and come and take a look at the facts below.

Shared Ownership means I can’t decorate my home

You don’t need our permission for decorating or simple repairs, however, you would need to get permission for larger works to ensure it does not affect the structure of the building.

Frequently Asked Questions

Shared Ownership is only for first-time buyer

Shared Ownership supports those who are unable to purchase a property on the wider market as long as they meet the eligibility criteria. The scheme is aimed at first-time buyers, those with growing families, or other individuals who want to get on the property ladder affordably.

Shared Ownership Explained

Shared Ownership is more expensive than renting

With Shared Ownership, you buy a percentage of a property, then pay a subsidised rent on the remaining portion. The key advantage of Shared Ownership is that you generally pay less each month than you would privately renting or paying a traditional mortgage.
Check if Shared Ownership is affordable for you using our calculator below.

Try Our Affordability Calculator
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Find your perfect home today

Start by browsing the available Shared Ownership homes offered by Legal & General Affordable Homes.

Further Reading

Looking to learn more about Shared Ownership?

Check out these recommended resources and further reading materials to gain a deeper understanding of this housing model and its benefits.

Learn more