At Steeples Mortgages, we’ve learned to become very adaptable as the mortgage market changes all too often. The shared ownership scheme, means that you fund your property purchase by way of a mortgage and a rental payment. If you’re in this particular market, you’d be looking to purchase a new property which is potentially owned by a housing association. You would typically put down a deposit of between 5% and 10% of the share of the property you are buying. Your mortgage would then cover anywhere between 25% and 75% of the property’s value and the you would pay rent on the remainder, to the housing association. Unlike the private rental market, housing associations charge less rent, so the rental part of your home, would be much less than normal. Chat to us, to discuss further.